EDF Energy is giving customers a £130 discount and removing hidden charges with a new tariff.
London: EDF Energy is helping customers save £130 on energy bills. They’ve also removed a hidden charge.
They introduced a new tariff that’s £130 cheaper than the current Ofgem price cap. This is a great deal for many households.
Ofgem raised prices twice recently, totaling 11.2%. They might increase again in April.
EDF encourages customers to switch to their Simply Fixed Direct 1Yr tariff. This tariff has an average bill of £1,608 per year.
In comparison, Ofgem’s price cap is £1,738 per year until March 31, 2025. Switching could lead to even bigger savings.
From October to December 2024, the energy price cap is £1,717. It will rise to £1,738 from January to March 2025.
Fixed tariffs like EDF’s stay the same for the contract duration. They aren’t affected by the price cap changes.
Analysts predict a 3% increase in the price cap in April. This could push annual bills above £1,738.
Ofgem advises customers to explore options among suppliers for better deals. This can help keep bills lower.
Remember, the price cap doesn’t limit total bills. You pay for the energy you use, so usage matters.
Many pensioners face a tough winter due to a rule change. This change cut the Winter Fuel Payment for some, affecting around 10 million people.
Uswitch’s Elise Melville suggests now is a good time to switch energy tariffs. Many fixed deals are cheaper than the January price cap.
Choosing a fixed deal locks in rates, providing price certainty. Just check the contract length and any exit fees.
