Martin Lewis' Money Saving Expert are highlighting the tariff on offer from the energy giant
Millions of households could see savings on their gas and electricity bills with a new offer from EDF Energy, which reduces the amount customers pay in standing charges.
Money experts are now spotlighting the tariff from the energy behemoth, suggesting it could shave £50 off annual energy bills and provide even more savings with the Price Cap set to decrease on July 1. Martin Lewis' Money Saving Expert provided further details in an update to its readers, stating: "EDF Energy has launched a new tariff tapping into the anger about the high level of standing charges set by regulator Ofgem under its Price Cap.
"The new EDF Ensure tracker tariff is effectively a discounted version of the Price Cap that will be £50 cheaper over the year and it does this by lowering standing charges, not unit rates. EDF's new tariff is a decent deal for lower energy users say, those currently paying up to £100 a month above that there are other options that could work out cheaper.
"The Price Cap changes every three months on 1 January, April, July and October so on Monday we'll move to the July rates. As EDF Ensure is a tracker tariff, it will also change every three months in line with the cap though it's being launched at the cheaper July rate already, "So switch now and you get a week of extra savings, before the Price Cap catches up. EDF told us it will apply the same fixed discount on the Price Cap standing charges to all payment methods across all regions , so you get a flat £25 discount on electricity and/or a flat £25 on gas over 12 months."
United Kingdom Latest News, United Kingdom Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Martin Lewis confirms £50 payments for 577,000 parents after HMRC errorThe taxpayer could be left with a hefty bill if all take up the offer
Read more »
Martin Lewis confirms HMRC £50 payments for 577,000 parentsThe money is being sent to parents after a Child Benefit payment error
Read more »
Martin Lewis confirms HMRC's £50 compensation payments for 577,000 parentsHMRC is going to have to fork out a hefty amount of money to parents who did not receive payments on time
Read more »
Martin Lewis hails new EDF energy tariff for low-end billpayersThe money-saving expert was speaking on his latest episode of the Martin Lewis Money Show podcast
Read more »
Energy supplier complaints: EDF and Utilita energy ranked worst for customer service by Citizens Advice🔍 Citizens Advice has revealed shocking customer service ratings in its latest energy supplier report 😡
Read more »
Euro 2024 knockout stage offer: Bet £10 and get £50 in free bets with Paddy Power...
Read more »