EDF shows 'Big Six' the way with price cuts
Your support helps us to tell the story
From reproductive rights to climate change to Big Tech, The Independent is on the ground when the story is developing. Whether it's investigating the financials of Elon Musk's pro-Trump PAC or producing our latest documentary, 'The A Word', which shines a light on the American women fighting for reproductive rights, we know how important it is to parse out the facts from the messaging.
At such a critical moment in US history, we need reporters on the ground. Your donation allows us to keep sending journalists to speak to both sides of the story.
The Independent is trusted by Americans across the entire political spectrum. And unlike many other quality news outlets, we choose not to lock Americans out of our reporting and analysis with paywalls. We believe quality journalism should be available to everyone, paid for by those who can afford it.
Your support makes all the difference.EDF Energy is to cut gas prices by 5 per cent from 7 February, the first major energy supplier to respond to a 10 per cent drop in underlying wholesale costs due to mild weather and declining economic activity.
The "Big Six" energy suppliers increased tariffs last autumn, with EDF raising gas prices by 15.4 per cent in November, as wholesale prices jumped, helping to push inflation to a three-year high.
Consumer groups called on other firms to follow suit after a prolonged period of price rises since the last round of tariff cuts in spring 2010.
Mark Todd, director of price comparison service Energyhelpline.com, said: "EDF has thrown the first punch in the energy price war to come."
So far, only two smaller suppliers, Co-operative Energy and Ovo Energy, have cut prices.
Join our commenting forum
Join thought-provoking conversations, follow other Independent readers and see their replies
Comments