EDF Energy's most recent price change is an increase of just over 10% for standard variable tariff customers. Announced on 12 February 2019, it will come into effect from 1 April.
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This price rise is a response to energy regulator Ofgem's energy price cap increase from £1,137 to £1,254. EDF was previously charging its standard variable rate customers £1,136, but will now increase prices to the new cap level. Additionally, those on prepayment meters will see their bills increase to £1,242, again due to Ofgem's price cap increase.
This is the third price rise in 12 months from EDF:
- 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
What can I do to avoid the EDF price rise?
All customers with a standard variable tariff plan from EDF Energy will be impacted by this announcement (about 40% of its current customer base). If this is you, and if you do nothing, your prices will rise (again) in April.
It's always a good idea to compare the energy market on a regular basis and ensure you're on the cheapest deal possible. However, with most major energy suppliers likely to increase their fees over the first half of 2019, it's important to check your deal more frequently.
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|
|Online Fixed v26||Fixed for 12 months||£907||Compare now|
|Simple and uSummer||Fixed for 12 months||£948||Compare now|
|GNE Summer Saver||Fixed until 31 Jul 2020||£953||Compare now|
|Go Green (1 Year) v16||Fixed for 12 months||£965||Compare now|
|Exclusive 1 Year Fixed v3||Fixed for 12 months||£967||Compare now|
|So Turtle – Green||Fixed for 12 months||£977||Compare now|
|Energy Plus Boiler Cover Green July 2020||Fixed until 31 Jul 2020||£991||Compare now|
|Octopus 12M Fixed||Fixed for 12 months||£994||Compare now|
|GNE 2 Year Summer Saver||Fixed for 24 months||£997||Compare now|
|npower Select uSwitch Exclusive v14||Fixed until 31 Aug 2020||£998||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 raise its prices in 2019?
The main reason for EDF raising its prices for SVT and prepayment customers is because Ofgem raised the price cap level, but this was caused in turn by rising wholesale and distribution costs on a global scale. For instance, the Beast from the East storms of 2018 had a major impact on the amount of energy needed across Europe, which had a knock-on effect for energy supplier outgoings.
Which energy suppliers have raised their prices in 2019?
E.ON was the first of the big six energy suppliers to raise its prices to the new energy price cap rate announced in February 2019, but EDF soon followed.
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.