EDF Energy, one of the big six UK power firms, today shocked customers with tariff rises that will see fuel bills soar by more than 20%.
EDF has increased its electricity prices by 17% and its gas prices by 22%. The hikes, which some into effect immediately, will put a massive £200 on the average annual dual-fuel bill of £1000.
The company blamed record wholesale energy costs for the increases. This is the second hike this year for EDF, which raised its tariffs by 8% for electricity and 13% for gas in January.
Eva Eisenschimmel, chief operating officer of EDF Energy customers branch, said: 'Record world oil prices have continued to drive up wholesale gas prices.
'Alongside unprecedented rises in wholesale coal and electricity costs, this has impacted hugely on the cost of supplying energy to our customers.'
The French firm is one of Britain's biggest energy suppliers with 5.1m customers. Other energy companies are expected to follow the move.
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