Energy News

EDF and Scottish Power bills “too high” says Ofgem

Tuesday 24 April, 2007

Leading gas and electricity suppliers EDF Energy and Scottish Power have come under pressure to cut bills significantly.

The industry regulator, Ofgem, has released figures that suggest their prices are way above those of their competitors. Ofgem has even made comments that suggest EDF and Scottish power customers should switch, saying that average households could save up to £140 a year by switching from Scottish Power, or £122 a year by switching from EDF.

EDF is the parent company of the former London Energy, Seeboard Energy and SWEB Energy, which have all recently re-branded to be known as EDF Energy.

Industry experts have expected price cuts from both companies ever since the market started seeing reductions earlier this year, led by British Gas in March.

Chris Eagle, commercial manager at EnergyChoices.co.uk, says: “Ofgem has made the right decision in highlighting these expensive bills. Consumers shouldn’t be paying such a significant amount more money just because of the company name at the top of their bill. If you’re with EDF or Scottish Power, there’s never been a better time to switch.”

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