EDF launches new energy tariff that's £141 cheaper than the price cap
The new Simply Fixed Nov26v2 tariff is available to both new and existing customers
EDF has unveiled a fresh energy tariff that pledges to offer customers rates well beneath the existing energy price cap. At present, Ofgem's energy price cap stands at £1,755 annually for the typical dual-fuel household from October 1 to December 31.
This marks a 2% rise from the earlier energy price cap spanning July 1 to September 30, which was set at £1,720. Nevertheless, EDF's latest Simply Fixed Nov26v2 tariff is presenting customers with a fixed rate of £1,613 yearly for an average dual fuel household paying by direct debit.
EDF emphasised that its current forecasts suggest the energy price cap will surge considerably by April 1, 2026, reaching £1,835 annually. The energy company refreshes its forecasts weekly to stay abreast of regular shifts in the wholesale electricity and gas markets.
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."
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EDF has confirmed that both fresh and current customers can register for the new tariff. To do this, existing customers are encouraged to log into their MyAccount where they can implement various modifications to their energy account, including which tariff they're presently on.
Meanwhile, new customers can switch to EDF by contacting them directly for a quote through their website. Once a quote is requested, you can select your preferred tariff, including the new Nov26v2, which can also be purchased online.
EDF will then arrange a switch date with your current energy supplier. Once this process is completed, EDF will request your gas and electricity meter readings and will then get in touch once the switch has been successfully executed.
The energy firm has emphasised that the volatile nature of wholesale market prices may lead to the withdrawal of the deal for both new and existing customers signing up directly through them. In such cases, customers should bear in mind 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 open to anyone with a smart meter, regardless of how they pay for their bills. This initiative encourages customers to shift 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 company has revealed that customers have already earned over 12.3 million kWh of free electricity, with over £3 million being credited onto bills.