EDF Energy cuts gas prices by 5%

Wednesday, January 11th 2012
5% gas price reduction announced by EDF Energy
A five per cent reduction in gas bills has been announced by EDF Energy.

EDF Energy has become the first of the UK's Big Six gas and electricity providers to announce a reduction in prices this year.

From February 7th 2012, EDF's gas rates are set to drop by five per cent to reflect a fall in wholesale prices. The utilities firm claimed this move means its new standard dual-fuel charges will undercut those offered by all of its major rivals.

Wholesale costs, which make up around half of the final domestic gas bill, have fallen by 9.2 per cent since EDF's last price change in November 2011.

Martin Lawrence, managing director of energy sourcing and customer supply at EDF Energy, said: "We know customers are finding it difficult, particularly during winter. So I am pleased we have been able to make this announcement now and help our customers."

Director of policy and external affairs at Consumer Focus Adam Scorer stated the move is welcome but overdue, adding the other members of the Big Six will now need to respond.

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