EDF is offering a new tariff below the energy price cap(Image: Getty Images)
EDF has confirmed a new energy tariff that promises to provide customers with rates significantly below the current energy price cap. Currently, Ofgem’s energy price cap is fixed at £1,755 per year for the average dual-fuel household from October 1 to December 31.
This is a 2 per cent increase from the previous energy price cap from July 1 to September 30, which stood at £1,720. However, EDF’s new Simply Fixed Nov26v2 tariff is offering customers a fixed rate of £1,613 per year for an average dual fuel household that pays via direct debit.
EDF highlighted that its current predictions state that the energy price cap will increase significantly by April 1, 2026, to £1,835 per year. The energy firm updates its predictions each week to help keep up with regular changes in the wholesale electricity and gas market.
Rich Hughes, Director of Retail at EDF, said: “Going into winter, price uncertainty can be a worry for customers especially with prices still fluctuating, so we are pleased to launch this new tariff that protects customers against what are likely to be significant increases in April next year.”
Who can get the new deal?
EDF has confirmed that both new and existing customers can sign up to the new tariff. In order to do so, existing customers are urged to sign into their MyAccount where they can make a variety of changes to their energy account, including what tariff their currently on.
Meanwhile, new customers can switch to EDF by contacting them directly for a quote through their website here. Once a request for a quote is given, you can choose which tariff you want, including the new Nov26v2, which can also be purchased online.
The deal is available to both new and existing customers(Image: Getty Images)
EDF will then organise a switch date with your current energy supplier. Once this is completed, EDF will ask you for your gas and electricity meter readings and will then contact you once the switch has been successfully made.
The energy firm has highlighted that the volatile nature of wholesale market prices may mean that it will withdraw the deal for both new and existing customers signing up directly through them. In this case, customers should be aware that exit fees of £50 can apply.
EDF is also reminding customers that they can save even more money through them via its Sunday Saver challenge, which is available to anyone with a smart meter, regardless of how they pay for their bills. This scheme encourages customers to change their electricity usage away from weekday peak hours of 4pm to 7pm to earn up to 16 hours’ worth of free electricity the following Sunday.
The firm has said customers have already earned over 12.3 million kWh of free electricity, with over £3 million being credited onto bills.