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Re: EDF increase prices by 22% for gas and 17% for electricity

  •  Mon, Jul 28 2008, 6:20 PM

    Re: EDF increase prices by 22% for gas and 17% for electricity

    There's a good number of reason's why I won't reveal which supplier I work for, the biggest of which RED ARMY seems to prove with everyone of his recent posts. If i were to reveal who I worked for, and then offered advice in favour of that supplier I am sure i would be bomabrded with comments such as "you would say that".

    Believe it or not I'm here like looneytooner offering advice as impartially as possible, using the infomtion, skills and knowledge I have from the industry. I just hope for every RED ARMY there's another person who inds the infomation we provide helpful.

    Energy price increases are a fact of the industry, beleive it or not the energy suppliers in general (there are some exceptions to this rule due to how and when energy is bought and sold) have been absorbing the cost of the wholesale increases for some time, if memory serves i think the energy increase has been something like 96% since the start of the year but i could well be wrong on this point.

    In addition you have to look at what the energy suppliers are having to spend money on. Aside from the obvious things like overheads, wholesale energy etc, they also have a commitment to reduce carbon emissions, as well as fund renewable energy sources, and very soon they'll be having to provide "social tariffs". All of which costs time and money - where do you think this money comes from?

    Something else to consider, Some of the increase is due to people not paying their bills, bypasssing the meter etc, as well as well as allowing their bills to be continually be estimated. All these things contribute to supplier's increasing their prices - if these were eliminated outright prices wouldn't be quite as high as they are now.

    BUT getting back to the points raised in the original post by Community. It is well worth weighing up a suppliers online propositions agianst their capped/fixed/protection prices and working out whihc is better for you... take advantage of it. Yes it may only be a temporary reprieve but something is better than nothing.

    Economising and becoming more enegy efficinet wher epossible is something we all should consider looking to as well. If it takes a year or more to recoup the cost of a measure you have implemented so what? if your not planning on moving any time soon.. does it matter if your investment takes a while to produce results o long as the results are there and the time taken in waiting isn't detrimental...

    • Post Points: 71
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