EDF has announced a new energy tariff that is significantly cheaper than the current energy price cap, which is set to rise by 2% from October 1 to December 31
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 through December 31.
This represents a 2% rise from the preceding 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 indicate the energy price cap will surge substantially 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, commented: “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 stated 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, those looking to switch to EDF can do so by requesting a quote directly through their website. Once you’ve received your quote, you can select the tariff that suits you best, including the newly introduced Nov26v2, which is also available for online purchase. EDF will then liaise with your current energy provider to arrange a switch date.
Upon completion, they’ll request your gas and electricity meter readings and notify you once the switch has been successfully executed. However, EDF has warned that due to the unpredictable nature of wholesale market prices, it may have to pull the deal for both new and existing customers who sign up directly through them. In such instances, customers should be prepared for potential exit fees of £50.
EDF is also promoting its Sunday Saver challenge as another way for customers to save even more money. This initiative, open to anyone with a smart meter regardless of their payment method, encourages customers to shift their electricity usage away from peak weekday hours (4pm to 7pm) in exchange for up to 16 hours of free electricity the following Sunday.
The company reports that customers have already racked up over 12.3 million kWh of free electricity, resulting in more than £3 million being credited back onto bills.