Energy provider launches tariff priced £300 below | U.Ok.Finance News
EDF has launched a new fixed vitality tariff offering the bottom fixed costs from the provider in more than three years.The Simply Fixed Direct May 26 tariff is priced at £1,549 for an average twin fuel family paying by direct debit – £300 below Ofgem’s present vitality price cap of £1,849. The tariff, which runs for 12 months, is out there to each new and current EDF clients, with no requirement for a sensible meter and no exit charges for many who signal up instantly by EDF. EDF forecasts that the new deal will proceed to beat the price cap within the coming 12 months.According to the provider’s own predictions, the tariff is anticipated to stay at the least £154 cheaper than the July 2025 price cap, and £143 below the winter cap.Rich Hughes, director of retail at EDF, stated: “Priced at £300 below Ofgem’s current price cap, our new fixed deal gives customers a rare opportunity to lock these lowest prices in now and enjoy price stability for the next 12 months.“While wholesale costs have dropped, the market remains unstable, and global factors could push prices up again. Given the volatility, we advise households to consider fixed or tracker tariffs.”Due to ongoing instability in world wholesale markets, EDF has warned that the deal might be withdrawn at any time.In addition to its fixed tariff offer, EDF continues to advertise its ‘Sunday Saver’ scheme, which rewards clients for shifting electrical energy utilization away from peak weekday hours (4pm to 7pm).Participants can earn up to 16 hours of free electrical energy the next Sunday by adjusting their utilization patterns.EDF can be operating a refer-a-friend scheme, offering £50 off vitality payments for each the referrer and the new buyer.Existing EDF clients can signal up for the new tariff by way of MyAccount or the EDF app, whereas new clients can be a part of by way of the EDF web site.
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