British customers of the French energy company EDF face higher bills to subsidise EDF’s French customers. Only two weeks ago, the company increased its gas prices for British customers by 22% but it will not be allowed to increase its prices in France by more than 5%.
The law in France restricts energy price rises to the inflation rate.
EDF has blamed the price rises on the increasing wholesale gas price, though its electricity bills have also increased sharply.
The British energy industry was privatised in 1989, and in recent times both gas and electricity prices have increased markedly. Instead of energy companies making fat profits for their executives whilst many pensioners are forced to choose between feeding themselves or heating their homes, they should be re-nationalised and there should also be an end to foreign companies having such huge stakes in the British energy market.
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