Warning Bells Ring to Fix Energy Suppliers

In a huge blow to its customers, EDF has increased its gas and electricity rates by twenty two percent and seventeen percent in that order. This should serve as an immediate push to customers who’ve failed to fix their energy providers before facing the same predicament as EDF customers. A spokesperson from MoneyExpert.com asserted that not only was EDF the most expensive of energy providers; this hike was going to be a blow to its base of 7.9 million subscribers. The situation is quite grim at present, given MoneyExpert research data that shows nearly 1.4 million people missed paying their energy bills this year. Things are not likely to improve, given the spiraling costs of fuel and the fact that companies make customers bear the brunt.

MoneyExpert spokespersons foresee that the EDF price rise will affect not only its own customers but also those of other energy suppliers which may follow EDF’s example by increasing prices. The need of the hour, according to Moneyexpert is for customers of both EDF and other energy providers to fix their fuel costs by looking for more cost-effective options and fixing them for the long term.

A startling revelation has come in from Fool.co.uk that EDF customers will be shelling out £190 over and above their current energy bills. The unit head of personal finance at Fool.co.uk predicts that other energy providers may soon follow the lead of EDF and announce price hikes. He goes so far as to say that getting electricity at cheap rates is becoming a thing of the past.

Please visit www.edfenergy.com for more