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EDF castigated for ‘half-hearted’ gas price cut

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01/05/2007

Energy company EDF was heavily criticised yesterday as it announced its price cut for gas charges, but did not make any reduction in the cost of its electricity.

The announcement was greeted with scepticism, with many describing it as “half-hearted” and “cynical” inasmuch as EDF was doing the bare minimum to stave off criticism that it was ripping off its customers.

EDF, which is French-owned, supplies gas and electricity across London, the South East and the East of England. It reckoned that the price cut would reduce the cost of dual fuel (gas and electricity) by £63 a year to £907.

Energywatch, the independent watchdog, was not impressed with the move. “EDF Energy’s price cut is just about the least it needed to do in response to moves from other suppliers,” said Energywatch director of campaigns, Adam Scorer.

“It will edge EDF Energy to the better value end of the pack, but this is a further sign that this is no price war for consumers – just a jockeying for position by companies looking to hang on to what they’ve got.”

EDF customer Brian Baker of London was also unimpressed with his energy supplier. “It does the bare minimum and no more,” he said. “It only cut the prices because its competitors did and it felt it had no choice.”

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