EDF Energy is increasing its standard variable prices for gas and electricity residential customers by 10.8% from December 7, 2012.

For typical customers the company's new standard variable prices will however still be lower than those of all the major suppliers which have announced standard price rises this autumn.

More than one million existing fixed deal accounts will be unaffected by price changes this winter and the company has today launched Blue +Fixed Price March 2015 which offers customers the opportunity to protect themselves from future price rises for the next three winters.

-- Advertisement --

EDF Energy has also confirmed support for its most vulnerable elderly customers and plans to ensure they automatically benefit from its cheapest available prices. This could save them around £165 next year as well as offering them a rebate this winter. EDF Energy is the only supplier to make this pledge, which forms part of its Customer Commitments on fair value, better service and simplicity.

A typical standard variable dual fuel energy bill will rise by £2.35 a week.6 EDF Energy's last price change was to cut gas prices earlier this year and it has offered typical customers the lowest standard variable dual fuel prices of all major suppliers for 50 of the last 52 weeks.

Martin Lawrence, Managing Director of Energy Sourcing and Customer Supply said: "We know that customers will not welcome this news and do not want to see prices going up. Our new prices will however be cheaper on average than those of all the other major suppliers which have announced standard price rises so far this autumn. We've taken extra measures to make sure the most vulnerable benefit from the best deals and we continue to help customers reduce their bills with energy efficiency measures."

(CD)