EDF giving £110 off energy bills for customers who act by May 9

EDF has launched the "cheapest" energy deal among the largest suppliers - offering more than £100 lower than the current energy price cap. EDF’s Essentials 1Yr May25 tariff, priced at £1,580 for a 1-year fix and available to new and existing customers, is £110 under the current price cap (£1,690).

And it is predicted to stay competitive against the cap until April 2025, based on Cornwall Insight’s most recent projections. Customers will save an average of £50 on their energy bills over the year, based on Cornwall’s current projections for Q3, Q4 2024 (£1,560, £1,631) and Q1 2025 (£1,634).

"At EDF, we’re passionate about all our customers saving cash on their energy bills. That's why we're pleased to introduce our best fixed-price tariff since 2021, now £110 lower than the current industry cap,” said Rich Hughes, Director of Retail at EDF.

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“By signing up for this tariff, customers can beat the likely price cap rises this winter and enjoy savings on their energy bills, but they should act now before it’s too late as the deal ends on 9 May." Customers who sign up to the tariff will need to have a smart meter or agree to having one installed.

By installing a smart meter, customers can access a range of benefits, such as EDF’s exclusive Energy Hub platform, accessible via MyAccount or via the EDF app, where they can access a personalised view of their energy usage. EDF has found that customers who are using Energy Hub to understand their usage are able to actively reduce their bills by up to £41 a year as well as helping to cut their carbon footprint.

Getting a smart meter installed is simple, with no upfront extra cost for the meter or for the in-home display it comes with. To sign up to EDF Essentials 1Yr May25 existing customers can do so via MyAccount online or via the EDF app, or new customers can sign up here.