Outrageous EDF price hike will hit elderly and vulnerable hardest - Clegg
EDF Energy has announced it is putting up gas prices by 22% and electricity prices by 17% for domestic customers. The firm has blamed the increase, which comes into effect on 25 July, on record wholesale energy costs.
Slamming EDF Energy's decision, Liberal Democrat Leader Nick Clegg said:
"This outrageous price hike means that families could be made to pay an extra £200 a year, having already endured increase after increase.
"When the winter comes this price rise will hit the elderly and the most vulnerable the hardest. The Government cannot sit idly by and allow them to suffer.
"When one company raises its prices the others soon follow suit. At a time when energy companies are enjoying a £9bn windfall, it is unacceptable that they can continue to squeeze more profits out of people who are already struggling."
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