Consumers warned to move quickly to take fix their energy prices before winter.
EDF has pulled its most popular fixed rate energy deal off the market. EDF Energy Blue + Price Promise April 2014 was one of just two remaining fixed price deals on the market, but from today customers looking to fix their energy bills have just one option from Scottish Power. EDF's decision follows SSE's shock price hike last week. The rise is expected to affect 8.4m customers and will add an extra £119 to the average SSE standard dual fuel bill, bringing the average cost of a household bill to £1,354. The move is a blow to consumers as it paves the way for other suppliers to increase their prices too.
“As a result of the increase by SSE, I expect a ‘domino effect’ in the market as the other members of the Big Six providers follow suit to hike prices,” said Scott Byrom, of Moneysupermarket.com. One piece of good news for consumers is ScottishPower has extended the price guarantee on its plan to January 2014, while keeping the price static at £1,052 a year - £6 a year cheaper than the old EDF Energy plan....Read more here