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EDF Energy managing director Martin Lawrence has spoken to ITV News after it was announced the energy provider would be increasing its gas and electricity prices by 10.8%.
Downing Street has described EDF Energy's price rises as "very disappointing":
Another three million households faced higher energy bills after EDF Energy became the latest supplier to increase tariffs.
The company will raise prices for domestic gas and electricity by 10.8%, meaning its typical dual-fuel bill for a direct debit customer will rise by £122 to £1,251 a year.
EDF, which is the fifth major supplier in recent weeks to announce higher prices, said the change will take effect from December 7.
Following the announcement EDF Energy is to increase its gas and electricity prices by 10.8%, the energy supplier maintains its prices will be cheaper for the average customers, compared to other major suppliers. A statement on its website says:
- EDF Energy’s new standard prices still cheaper on average for typical customers than all other major suppliers which have recently announced price rises.
- Most vulnerable elderly customers to benefit automatically from cheapest available tariff prices.
- New fixed price deal allows customers to fix prices for three winters.
Energy supplier EDF Energy is to increase prices for gas and electricity residential customers by 10.8% from December 7.