At the time of going to press on this issue of Electrical Review, as an EDF customer myself, I was somewhat surprised to receive a letter from the company announcing my dual tariff would be rising as of this month.
This, two days after it was reported EDF combined improved nuclear and hydro production raised the company’s core earnings by €544m, with an additional €469m gained through improved wholesale market conditions.
My first point of concern was I was under the impression I was on a fixed rate tariff, and would hear from them regularly should there be a cheaper way of purchasing energy for my home. It is highly unlikely this is an oversight on my part with reading correspondence from the energy giant so, rest assured, this is something I will be investigating further, and will have no hesitation following up this letter.
While it will not affect me too much, there will obviously be households and families who may struggle to pay the increased rate. Time to get online and find an alternative before ’winter’ kicks in?