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EDF Energy price change announcements 2020

EDF Energy price change announcements 2020

EDF Energy's most recent price change is a drop of about 1% for standard variable tariff customers. The price drop came into effect on 11 February 2020.

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This price drop is a response to energy regulator Ofgem's energy price cap level reduction from £1,179 to £1,162. Additionally, those on prepayment meters saw their bills fall to an average of £1,199, again due to Ofgem's price cap drop.

Though this is a reduction, EDF has usually raised its prices, especially over the past couple of years:

  • In August 2018, EDF raised its prices by 6%, around a £70 increase for those on standard variable tariffs
  • In June 2018, EDF raised its standard variable tariff dual fuel rates by 1.4%, which constituted a £16 rise for customers

Do I need to do anything about the EDF price change?

All customers with a standard variable tariff plan from EDF Energy were impacted by this change (about 40% of its current customer base). If this is you, you don't need to do anything - your prices should have dropped as of 11 February.

It's always a good idea to compare the energy market on a regular basis and ensure you're on the cheapest deal possible. Even though prices have dropped, you can almost always save more than the price cap level by finding a cheaper fixed deal.

You can stay up to date with the latest news from the energy market here and compare energy deals to find the cheapest rate for you.

Alternatively, you can switch energy providers right now to avoid paying more than you need to for your gas and electricity.

If you've never switched energy before, read our step-by-step energy switching guide.

Here's a list of the latest cheap energy deals you can compare and switch to with Uswitch:

Supplier Plan name Tariff type Price
Green Network Energy GNE Summer Sizzler V2 Fixed for 12 months £822 Compare now
Avro Energy Simple and uSaver12M Fixed for 12 months £831 Compare now
Shell Energy Energy August 2021 v5 Fixed until 31 Aug 2021 £837 Compare now
So Energy So Artichoke Essential - Green Fixed for 12 months £845 Compare now
British Gas Energy and Home Services Jul 2021v2 Fixed until 31 Jul 2021 £845 Compare now
ScottishPower Super Saver July 2021 B1 Fixed until 31 Jul 2021 £846 Compare now
Octopus Energy Uswitch Octopus 12M Fixed Fixed for 12 months £850 Compare now
E.ON Fix Online Exclusive v40 Fixed for 12 months £855 Compare now
EDF Energy Simply Online 1 Year Fix Jul21v6 Fixed until 31 Jul 2021 £864 Compare now
npower Select Exclusive 12 Month Fix v7 Fixed for 12 months £864 Compare now

Based on average bill sizes for a medium energy user on a dual fuel plan paying by monthly direct debit, and averaged across all regions. This information is updated hourly with energy plans which are available to switch to through Uswitch. To appear in this table, plans must be available in at least 7 of the 14 regions.

If you are on EDF's standard plan, then you should at the very least switch to its cheapest fixed plan or look to switch to a new supplier.

Standard variable rate plans from energy suppliers are often their most expensive tariffs and it is the tariff that most customers are automatically put on when they move into a new home. Many customers never change their tariff and end up facing higher costs than customers who are on fixed rate tariffs.

If you’ve already switched your energy supplier and still want to find ways to save on your bills, you can also follow some of our free tips to save energy at home.

Why did EDF Energy change its prices in 2020?

EDF's price drop announcement in Februrary 2020 followed Ofgem reducing the level of its energy price cap for customers on standard variable tariffs.

Which energy suppliers have changed their prices in 2020?

Following the price cap review in February 2020, many energy suppliers reduced their prices almost immediately — despite the cap rate not technically coming into effect until 1 April.

EDF Energy was the first of the big 6 energy suppliers to drop its prices, just three days after the announcement of the new cap level.

You can read about previous price changes from the rest of the big six below:

If you’re with any of the above suppliers, you should switch your energy now to help you save on your energy bills.

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