EDF Energy has announced that it is cutting its gas prices

From 15th June 2007, EDF Energy customers will see their bills cut by 10.2% for gas, cutting £63 from an average dual fuel bill. Electricity bills remain unchanged.

Karen Darby, founder of SimplySwitch.com, the price comparison and switching service, comments: “This price cut from EDF Energy is long overdue. After months of waiting, the energy company has announced a price cut during an April heatwave and that its customers won’t benefit from until the summer.

“EDF Energy has said that it is not reducing its electricity prices, claiming it had smaller rises compared with its competitors. Research from SimplySwitch.com shows, that in the period from January 2004 to January this year, EDF Energy increased its electricity prices by an average of 46%, while Scottish Power increased its electricity bills by 41%. The average increase across the ‘big six’ suppliers for the same period was 52%. As many of the energy company’s customers are electricity only, they will see no benefit from this price cut.

“EDF Energy is the fifth major supplier to reduce its bills. British Gas has cut its prices twice so far this year and Scottish Power is yet to announce a price cut. EDF Energy and Scottish Power have come under fire from both Ofgem and Energywatch for failing to lower prices following substantial cuts in wholesale energy costs.

“Energy bills are falling and there are even greater savings to be made by switching suppliers. Despite all the price cuts, there remains a large gap between the cheapest and most expensive tariffs.”