EDF hands customers £130 as it removes hidden fee

EDF Energy is offering customers the accidental to prevention £130 connected their vigor bills (Image: Getty)

EDF Energy is offering customers the accidental to prevention £130 connected their vigor bills - and it’s scrapped a hidden complaint too.

The state and energy supplier is offering a caller tariff which promises to beryllium £130 cheaper connected mean than the existent Ofgem terms cap.

The regulator has raised prices doubly successful a row, successful October and January, by a full of 11.2% and is forecast to summation prices again successful April.

Now, EDF is urging customers to power and cut their bills by moving to its Simply Fixed Direct 1Yr tariff, which has a emblematic measure terms of £1,608 per year. EDF says the tariff is its cheapest hole and arsenic an added bonus, it has nary hidden exit fees.

By comparison, Ofgem’s terms headdress complaint is £130 much costly astatine an mean of £1,738 per year, until March 31, 2025.

Ofgem reviews its terms headdress each 3 months and forecasts suggest it volition emergence again successful April, meaning those who power to EDF’s tariff could perchance marque an adjacent bigger saving.

EDF said: “From 1 October to 31 December 2024 the vigor terms headdress is £1,717 a year. The vigor terms headdress is expanding to £1,738 a twelvemonth for the play betwixt 1 January and 31 March 2025. Our Simply Fixed Direct 1Yr Jan26 fixed tariff has a emblematic measure terms of £1,608 a twelvemonth – £130 cheaper than the Ofgem headdress betwixt 1 January to 31 March 2025.

“The 'typical' measure terms of the Ofgem terms headdress assumes nary changes successful terms implicit a afloat year. In reality, the terms headdress changes each 3 months. Fixed tariff rates stay the aforesaid for the duration of the tariff and are not covered by the vigor terms cap.”

Analysts Cornwall Insight forecast a 3% hike to the terms headdress successful April owed to turbulent wholesale markets, taking yearly bills supra the existent complaint of £1,738.

Ofgem has already urged customers to instrumentality vantage of expanding prime among suppliers and look for the champion woody to assistance support their bills down.

Households should beryllium alert that the terms headdress doesn’t bounds full bills arsenic you indispensable wage for the magnitude of vigor you usage - truthful those who usage more, wage more.

The terms headdress summation besides comes arsenic millions of pensioners are facing a wintertime with little authorities support, aft a Labour regularisation alteration scrapped the Winter Fuel Payment - which is worthy up to £300 - from those who don’t person Pension Credit oregon different means-tested benefits. The alteration has seen astir 10 cardinal pensioners miss retired connected the captious enactment this winter.

Uswitch vigor spokeswoman Elise Melville advises: “Now is besides an perfect clip to look astatine switching to a caller vigor tariff, arsenic determination are a scope of fixed deals presently disposable that are cheaper than the January terms cap.

“By opting for a fixed deal, you’re locking successful those rates for the duration – which means households could person terms certainty and debar the ups and downs of the terms cap. Make definite you are blessed with however agelong the declaration lasts and immoderate exit fees for leaving early.”