EDF tracker tariff cuts standing charges by £100
- EDF increases discount on its tracker tariff, EDF Simply Tracker Extra Sep26, to guarantee a £100 dual fuel saving against Ofgem’s price cap.
- Based on the July price cap level, the tariff offers an annual average bill of £1,619 for dual fuel customers who pay by direct debit.
- With the £100 discount applied through standing charges, EDF ensures all customers receive the same financial benefit.
EDF is guaranteeing consistent savings to customers with its relaunched tracker tariff, Simply Tracker Extra Sep26, which discounts standing charges by £100.
The fixed-term tracker tariff tracks Standard Variable prices and will undercut Ofgem’s price cap by £100. Ahead of the new July price cap level coming into effect next week, EDF’s tracker tariff guarantees savings of £50 per fuel on the price cap, with the discount applied through standing charges.
Standing charges are fixed daily charges which cover the fixed cost of supplying electricity and gas to homes. By discounting standing charges instead of unit rates, all EDF customers who sign up to EDF’s Simply Tracker Extra tariff will benefit from the same financial saving, even if they are low energy consumers.
EDF has achieved the discount thanks to how it buys energy in advance, taking the savings made on energy costs and applying them to standing charges to ensure everyone can benefit.
Based on the 1st July price cap level, the tariff offers an annual average bill cost of £1,619 for a dual fuel customer paying via direct debit.
Rich Hughes, Director of Retail at EDF, said: “Although the price cap is dropping for July, our current predictions anticipate prices will rise again from July through to April 2026. Our price cap prediction for October has already increased by a further £63 since 3rd June. Given the continued volatility we’re seeing in wholesale prices, we strongly advise customers consider a fixed or tracker tariff. Our tracker tariff guarantees customers will always save £100 against the price cap, regardless of the changes to the energy price cap over the next year.
“Plus, by applying the discount through standing charges, we ensure that customers who are already working to improve their energy efficiency and reduce their carbon footprint still benefit from equal cost savings.”
With only 35% of customers currently on fixed tariffs1, EDF’s new tracker tariff provides an opportunity for widespread savings.
EDF also offers a 12-month fixed tariff, Simply Fixed Jul26v12, which allows new and existing customers to lock unit rates and standing charges for one year at an average bill cost of £1,681 for a dual fuel customer paying by direct debit.
To sign up to EDF Simply Tracker Extra Sep26, existing customers can do so via MyAccount online or via the EDF app, or new customers can sign up here. The tariff is available to new and existing customers on Direct Debit, Cash Cheque and Pay As You Go for a limited time only.
For an extra £50 off your energy bill, EDF customers and their friends can also sign up to ‘Refer a Friend’ via MyAccount online.
- https://www.ofgem.gov.uk/press-release/energy-price-cap-will-fall-7-july
