EDF’s Price Hike: Hold on to Your Wallet!
On April 1st, the energy giant EDF is stepping up the price game, becoming the second of the Big Six to bump up their rates to match the new Ofgem price cap.
What This Means for Your Bills
- Average £118 increase on your gas and electricity bill.
- Total costs expected to climb to around £1,254 in the new cap regime.
- Approx. 1.3 million EDF customers on the variable standard tariff will feel the pinch.
Why the Hike Is Inevitable
As soon as Ofgem lifted the price cap, most standard‑deal customers were bound to see their bills climb right up to the new ceiling. That’s why EDF Energy — the second big supplier to adjust — already announced the jump. A wave of price hikes is likely to ripple through the other Big Six suppliers as well.
Spending Reality
That £118 boost translates into an extra £286 a year compared to cheaper offers currently on the market. For households that are already stretching their budgets, the jump could push bills near the edges of what’s affordable.
Listen to the Experts
Rik Smith, energy spokesman at uSwitch, warned: “Those already feeling the strain will be hit the hardest if the cap’s climb feels like a faker bargain.” Simon echoes that the price cap aims for fairness but can feel like a soft blow for some.
What’s Next?
While EDF edges up its rates, E.ON announced a 10.3% hike starting April 1. The trend suggests the rest of the Big Six may follow suit, so keep an eye on those numbers.
Stay tuned for real‑time updates and remember: this is not about chasing the cheapest but keeping your grip on rising costs.
