EDF Energy will be increasing the price of its Standard Variable Tariff on 1 April 2019. Energy bills for a household will average energy usage will increase by £119. The latest prices have already been updated on our website. The only way to avoid the increase, is to compare and switch now. Do it soon because the clock is ticking….
The EDF Energy Standard variable tariff is named Standard (Variable).
This tariff is still available for new and existing customers to sign up to. Unlike British Gas, EDF Energy has not withdrawn its Standard Variable tariff from sale.
Data from Ofgem, the GB gas and electricity regulator, estimates that, as of July 2018, EDF Energy had around 1.35 million customers, representing approximately 50% of its customer base on this tariff.
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 paying £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. Across 1.35 million dual fuel customer accounts that means EDF Energy customers are needlessly wasting around £400 million pounds a year. Shocking but true.
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 a price comparison against other suppliers and tariffs in the market. You can do this by popping your postcode into the box below.
Or, if you are happy to stay EDF Energy, they may have a number of better value tariffs you can move too. Probably not the cheapest option but almost certainly cheaper than staying on the EDF Energy Standard (Variable) Rate.You can check other tariffs from EDF Energy by clicking here...*
* Affiliate link. Please note that while this is an affiliate link we do not earn any commission where existing EDF Energy customers switch to another EDF Energy tariff. This one is on us.
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 the last 5 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 quarterly on receipt of your bill.
– This tariff is also available to customers with prepayment meters (where 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
The last 5 price changes (in reverse order) are detailed below.
|Date Announced||Effective Date||New Annual Dual Fuel Bill (£)||Change||Comment|
|12 Feb 2019||1 Apr 2019||£1,254||£119 increase||This is the level under the Energy Price Cap which runs from 1 Apr 2019 to 30 Sep 2019.
Comparisons are showing the new 1 April 2019 rates.
|13 Dec 2018||1 Jan 2019||£1,135||£92 cut||This is the opening level of the Energy Price Cap|
|9 Aug 2018||31 Aug 2018||£1,227||£70 increase|
|12 Apr 2018||7 Jun 2018||£1,158||£16 increase|
|Opening level 2018||£1,142|
Annual bills are based upon a dual fuel customer paying by Monthly Direct Debit with average annual usage; 12,000 kWh for gas and 3,100 kWh for electricity.
Remember, the sooner you start your switch the sooner you’ll get that juicy saving.