EDF to cut electricity prices

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EDF Energy has announced it will cut its UK electricity prices in March by an average of 8.8 per cent.

From March 31st some of the firm's standard rate electricity customers will benefit from a 12.5 per cent fall in energy prices.

The reductions, which are expected to affect consumers in the south of England, Scotland and Wales follow price increases of 25 per cent in 2008.

Eva Eisenschimmel, head of brand performance at EDF Energy, said: "In this time of extremely volatile energy markets, EDF Energy continues to ensure very competitive prices for our customers."

She added that in 2008 French-owned EDF Energy increased its prices by less than other major electricity suppliers.

EDF is the fourth firm to announce reductions in its Tariffs, following British Gas, Scottish and Southern Energy and E.ON.

Meanwhile, EDF Energy has welcomed the government's announcement that it is close to finalising an investment framework for nuclear power investment.

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