Last winter over three quarters of people rationed their energy use because of cost, while over 14 million households went without heating at some point to keep their energy costs down. The total amount of people pushed into fuel poverty now stands at an estimated 6.87 million.
EDF Energy has announced increases to the cost of its gas and electricity tariffs of 15.4 per cent for gas and 4.5 per cent for electricity. The increases will take effect from November 10th.
The price hikes take the cost of an average EDF Energy dual fuel tariff from £1,118 to £1,241, an increase of £132, according to research conducted by uSwitch.
The average price across all of the “big six” suppliers will rise by 14.2 per cent from £1,132 to £1,293, taking the total amount of people pushed into fuel poverty to an estimated 6.87 million.
The tariff increases mean that it is no longer possible to find a standard dual fuel deal that costs less than £1,000 a year.
Tom Lyon, energy expert at uSwitch.com, said: “The sad fact is that you cannot have two consecutive rounds of energy price hikes in less than a year without seeing casualties.
“Last winter over three quarters of people rationed their energy use because of cost, while over 14 million households went without heating at some point to keep their energy costs down.”
EDF Energy are the last of the “big six” utility suppliers to announce a price rise in a further blow to UK households who are being ravaged by the combined effects of high inflation, job insecurity and low wage settlements.
The increases are at least slightly lower than most of the price increases announced by rival energy companies.
Mike O’Connor, Chief Executive of Consumer Focus, said: “As the last of the Big Six to put up prices, EDF Energy’s announcement today will take the average energy bill to almost £1,300. The fact that EDF Energy has made smaller and later hikes than other suppliers is welcome, but it won’t soften the blow on those who are struggling on tight household budgets.