EDF Energy handing customers £828 reduction on bill from November

EDF Energy is handing customers a handy £800 each amid the Cost of Living crisis - at a time where cash becomes stretched on the run-up to Christmas. EDF is offering householders a cash incentive to sign up for one of its home EV tariffs.

The limited time offer of £50 will mean that two of EDF’s EV tariffs – GoElectric Overnight and Pod Point EV Exclusive, will become the cheapest options on the market. Both tariffs, along with EDF’s other electric vehicle rates, offer five hours of cheap charging between 12am and 5am to encourage charging at times of low demand.

According to EDF’s calculations, for an average motorist, charging with GoElectric Overnight will save them £828 a year compared to petrol. And compared with using the public charging network, EV drivers charging with the tariff would save an estimated £752.

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Rich Hughes, director of retail at EDF, said: “We are dedicated to helping customers reduce their energy costs while supporting the transition to electric vehicles and greener energy. This deal means we’re offering two of the most affordable EV tariffs in the market by giving customers £50 back in their pocket. Plus, with all our tariffs offering competitive off-peak rates, we hope it will encourage more drivers to drive electric and save cash and carbon in the process.”

The GoElectric Overnight tariff works with any EV and charger and cuts electricity costs to 8.99p/kWh from 12-5am. The Pod Point EV Exclusive reduces that further, to 8.49p/kWh but, as the name suggests is only available to new Pod Point customers.

Last month EDF and Point Point announced another exclusive tariff that bundles part of the wallbox cost into a customer’s energy bill. This is designed to cut the up-front costs of installing a home charger, which can cost upwards of £1,000.