Last Updated: 16 February 2022
EDF Energy Standard Variable Tariff will increase by £693 (54%) from 1 April 2022
Ofgem has announced the next level of the Energy Price Cap. It was worse than expected.
Here are the main points.
- From 1 April 2022, households with average energy usage, paying by monthly direct debit, will see their energy bills increase by £693 to £1,971. That’s up a massive 54%. The increase will add an extra £58 per month to the energy bill of a household with average energy usage.
- Those paying by prepayment meter, or quarterly by cheque, will do even worse. Their new energy bills will come in at £2,017 and £2,101 respectively.
- This increase come on top of the £96 increase on 1 April 2021 and the further £139 increase on 1 October 2021. Three increases in a row adding £928 in bills in the space of a year.
How will EDF Energy Standard Variable Tariff customers be affected?
EDF Energy has now announced details of their new Standard (Variable) tariff rates effective 1 April 2022. As expected, they have priced to the maximum allowed by the energy price cap.
The price change has been updated on our website.
This increase will affect the majority of EDF Energy’s customers most of whom are now on the Standard Variable Tariff.
Here is a summary of the key changes.
Customers paying by Monthly Direct Debit
- Those with Standard electricity meters will see their energy bills increase by £693 to £1,970 (+54%)
- Those with Standard electricity meters will see their energy bills increase by £778 to £2,269 (+52%)
Gas only customers
As the energy price cap increase is mainly driven by wholesale gas prices, this is where the largest price increase is.
- Gas customers will see their gas bills increase by £400 to £983 (+69%).
- This brings the combined gas price increase, since 1 October 2021, to 116%.
Electricity only customers
Electricity only customers will fare slightly better, but the increase is still a right shocker.
- Those with Standard electricity meters will see their electricity bills increase by £293 to £987 (+42%)
- Those with Standard electricity meters will see their energy bills increase by £378 to £1,286 (+42%)
To see how you are affected, you can do an energy price comparison here.
What can EDF Energy Standard Variable Tariff customers do now?
As there is no functioning energy switching market at the current time, the only thing EDF Energy customers can do, for now, is to grin and bear it.
However, now that the energy price cap has been lifted, energy suppliers, including EDF Energy, have a chance of resuming normal operations. This should mean that energy switching will gradually return over the coming weeks and months. When the energy switching market does come back, it will be a huge relief for consumers. Right now, households have just one way to reduce their energy bills; by significantly cutting back on heating and lighting. For many, that will not be possible in any meaningful way. Energy switching therefore represents the quickest alternative way to cut your energy bills. Even a small percentage saving on MASSIVE energy bills leads to useful cash sums.
When it happens, we will be the first to let you know. Stay tuned.
For now, we are sorry to say that your tariff will increase again in…
Should I be switching from the EDF Energy Standard Variable Tariff to a fixed energy tariff?
At the present time, you do not have much of a choice as there is no functioning energy switching market. But even if there was, we would recommend that you stay put. The current (pre-1 April 2022) price of the EDF Standard (Variable) Tariff is such that there are no alternative energy tariffs that come remotely close on price. However, we expect things to change for the better in the coming weeks and months, and we will update this page as soon as that happens
If you would like to know when some normality returns to the market, and energy switching once again allows you to cut your energy bills then do one or more of the following. Sign up to our newsletter (in the footer of this page), check our home page from time to time for updates, or follow us on Twitter.
If you would like to know more about the energy price cap and how it affects you, please check out our Energy Price Cap Guide for all the latest information.
The EDF Energy Standard variable tariff is called Standard (Variable).
This tariff is usually available for new and existing customers to sign up to.
Data from Ofgem, the GB gas and electricity regulator, shows that, as of July 2021, EDF Energy had around 1.3 million customers on the Standard tariff or other default tariff. This represents approximately 50% of EDF Energy’s customer base. This comprises 682,000 EDF Energy gas accounts and 1.3 million EDF Energy electricity accounts. Worryingly, this number has barely fallen in the last 3 years. Furthermore, as smaller energy suppliers go bust, EDF Energy has stepped in to mop up hundreds of thousands of stranded customers from bust energy suppliers, so reversing their customer losses.
In view of the evolving energy crisis, this tariff can no longer be applied for. Comments about savings and switching do not apply at the current time. Other than that, the rest is still bang on.
If you are on this tariff, you need to hear the bad news. You are paying too much for your energy. Way, too much! But you probably already know that, right?
A dual fuel customer with average energy usage is typically paying around £250-300 a year over the odds for something as basic as energy. That is the amount you can save each year by switching to a cheaper tariff with another energy supplier.
So, if you are still on this tariff, do yourself a big favour. Get yourself onto a cheaper energy deal and do it now.
There are 2 basic ways to do this.
For the biggest potential saving, do an energy price comparison against other energy suppliers and tariffs in the market. You can do this by popping your postcode into the box below.
Alternatively, if you are happy to stay with EDF Energy, they may have a number of better value tariffs you can move too. Not the cheapest option but almost certainly cheaper than staying on the EDF Energy Standard (Variable) Rate.
Key Features of the EDF Energy Standard (Variable) Tariff
Key features of the Standard (Variable) tariff include:
– This is a Variable rate tariff which means that your energy prices may go up or down. Prices are subject to change on 30 days advance notice. A record of price changes is shown in the table below.
– You can opt for either paper or online billing – it does not affect the price that you pay.
– The tariff is available for customers taking gas only, electricity only or dual fuel.
– Payment options include Monthly Direct Debit and Cash / Cheque monthly on receipt of your bill.
– This tariff is also available to customers with prepayment meters (the tariff name is Standard (Variable) Prepayment).
– There are no early termination fees with this tariff.
– EDF Energy is signed up to the Warm Home Discount Scheme.
– EDF Energy is signed up to the Energy Switch Guarantee.
Other things worth knowing
If you would like to learn more about EDF Energy we’ve produced a quick and handy supplier smapshot.
History of Price Changes
EDF Energy Standard tariff price changes are listed (in reverse order) in the Table below.
|Effective Date||Annual Dual Fuel Bill||Change||Comment|
|1 Apr 2022||£1,970|
|Energy Price Cap v8
1 Apr 2022 to 30 Sep 2022
|1 Oct 2021||£1,277|
|Energy Price Cap v7
1 Oct 2021 to 31 Mar 2022
|1 Apr 2021||£1,138|
|Energy Price Cap v6
1 Apr 2021 to 30 Sep 2021
|1 Oct 2020||£1,042||£84 cut||Energy Price Cap v5
1 Oct 2020 to 31 Mar 2021
|1 Apr 2020||£1,126||£16 cut||Energy Price Cap v4
1 Apr 2020 to 30 Sep 2020
|1 Oct 2019||£1,142||£75 cut||Energy Price Cap v3
1 Oct 2019 to 31 Mar 2020
|1 Apr 2019||£1,217|
|Energy Price Cap v2
1 Apr 2019 to 30 Sep 2019
|1 Jan 2019||£1,103||£88 cut||Energy Price Cap v1
Opening level of the Energy Price Cap
|31 Aug 2018||£1,191|
|7 Jun 2018||£1,124|
|Opening level 2018||£1,108|
Annual bills are based upon a dual fuel customer paying by Monthly Direct Debit with average annual usage; 12,000 kWh for gas and 2,900 kWh for electricity. We have re-indexed all bill values to this usage level.
Remember, the sooner you start your switch the sooner you’ll get that juicy saving.