Monthly Archives: July 2008

EDF Price Hike…it could have been worse!

EDF Energy was today the first of the Big 6 energy suppliers to announce its second retail price hike of 2008.
 
The Bad News
Effective immediately (that is, as of today) EDF Energy gas only customers will see their gas bills up by £143 a year (+22%) to £784, their electricity bills up by £65 a year to £446 (+17%) and their Dual Fuel bills up by a whopping £204 a year to £1,190 (+21%).
 
The Good News
It could have been a lot worse. As we said in our update of last week, even a falling oil price environment was not going to save the consumer from another energy price hike. We said…. Continue reading

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Will falling oil prices save the consumer?

In the past week, oil prices have pulled back sharply from a high of USD147 last Friday to USD132 today. Falling oil prices have had a predictable impact on wholesale gas and electricity prices, which have also come off sharply from the highs recorded on 4 July 2008. In the past 2 weeks wholesale gas prices have dropped by 9% with electricity prices off by 7%.
 
But is that enough to save the cash-strapped consumer from another energy bill hike? Continue reading

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