What Happened
EDF has announced a significant reduction in its annual standing charges by £100, as part of its Simply Tracker Extra Jun27 tariff. This new tariff will undercut Ofgem’s price cap by £100, providing a financial advantage to customers.
Why It Matters
The reduction in standing charges is expected to benefit all EDF customers who opt for the Simply Tracker Extra Jun27 tariff, regardless of their energy consumption levels. EDF predicts that standing charges will decrease by £13.30 a year when Ofgem reveals its latest price cap level on February 25. This move is seen as a response to the decreasing price cap, which is anticipated to be set at £1,640 on April 1, resulting in an average annual bill of £1,540 for dual fuel customers paying via direct debit.
What’s Next
Philippe Commaret, Managing Director of Customers at EDF, expressed optimism about the government’s support leading to a decrease in the price cap. Customers are encouraged to consider the new tariff as a means to save on their energy bills. Further details about the tariff and energy savings can be found on the official EDF website.