EDF hikes its energy prices

Energy supplier EDF said it will hike its prices yesterday, with electricity bills rising by 7.5 per cent and gas by 6.5 per cent. The firm is the last of the UK’s big suppliers to introduce higher prices, which will come into effect on 2 March. EDF has blamed rising wholesale costs for the increase. Energy regulator Ofgem is due to publish a report next month on whether customers are getting a fair service from power suppliers.