EDF has confirmed bills will rise by an average of £693 a year from April in line with the new energy price cap – affecting two million people on standard variable tariffs.
The supplier will raise its rates from spring, after regulator Ofgem gave providers the go-ahead to increase the maximum rate on variable tariffs by a staggering 54%.
It follows the collapse of two dozen suppliers due to soaring wholesale costs and comes as households face the biggest cost of living squeeze in decades.
