GoCompare comments on EDF Energy’s second price hike of the year
Georgie Frost, consumer advocate at GoCompare Energy, comments on the second energy price increase this year from EDF Energy:
“As the country basks in a heatwave and the feelgood factor of an exciting sporting summer, energy suppliers know gas bills will be the furthest thing from our minds.
“Today’s announcement from EDF Energy is the second price hike this year for EDF customers and serves as a fresh reminder to take five minutes to shop around for a better deal.
“The company say those on a variable tariff, which accounts for around 40% of their customers will be impacted. This means around 2 million people who are already on what is generally the most expensive tariff will see their bills get even higher.
“EDF are saying the rise will add around £70 to the average bill, but remember, this is a double whammy price hike, with EDF customers already seeing a £16 increase earlier this year, so customers who don’t switch will actually be paying £86 a year more for their energy than they were at the start of 2018.
“People shouldn’t just accept this. There are some great deals to be had by switching which could save households hundreds of pounds - enough for a new TV to watch England play in the World Cup final or a holiday abroad to get away from it all!”
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When it launched in 2006, it was the first comparison site to focus on displaying policy details rather than just listing prices, with the aim of helping people to make better-informed decisions when buying their insurance. GoCompare has remained dedicated to helping people choose the most appropriate products rather than just the cheapest, and has teamed up with Defaqto, the independent financial researcher, to integrate additional policy information into a number of its insurance comparison services. This allows people to compare up to an extra 30 features of cover.
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For more information visit www.gocompare.com and www.gocomparegroup.com