Energy costs are set to rocket….

EDF has become the first of the big six energy suppliers to make this summer’s anticipated gas and electricity price increases.

Gas prices will increase by 22% and electricity by 17% for existing domestic customers from July 25th (today) onwards. The inflation busting price rises have been predictably blamed on rising wholesale costs.

It’s the second round of price increases EDF customers have had to face this year, following January’s 13% increase in gas costs and 8% rise in electricity costs.

However, with industry analysts forecasting increases of up to 60% on energy prices this summer, hopefully the price hikes aren’t going to be as severe as was once expected.

Average annual fuel bills for EDF customers will rise from £1000 to something around the £1200 mark.

For further updates, visit the news desk at EnergyChoices.