EDF launches £110 deal to cut money on energy bills but warns 'act now'

A man looking at his fuel bill
A man looking at his fuel bill -Credit:Highwaystarz-Photography

EDF is rolling out an offer of £110 off energy bills, urging customers to 'sign up' as it introduces the market's most competitive energy deal in anticipation of the colder months. The energy giant has unveiled its Essentials 1Yr May25 tariff, which is pegged at £1,580 for a one-year fix available to both new and existing customers, sitting £110 below the current Ofgem energy price cap.

To take advantage of the EDF Essentials 1Yr May25 tariff, existing customers can sign up through MyAccount online or via the EDF app, while newcomers can register here. "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," Rich Hughes, Director of Retail at EDF, said. "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 9th May."

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Customers opting for this tariff will be required to have a smart meter installed if they don't already have one. The installation of a smart meter unlocks various perks, including access to EDF's exclusive Energy Hub platform, available through MyAccount or the EDF app, offering a tailored view of energy consumption.

Based purely on price comparison, it is the most affordable option, not taking into account any additional features. As of March 2024, the 'Big Six' energy utility companies in the UK are: British Gas, Octopus Energy, E.ON Next, Ovo, EDF, and Scottish Power, reports Birmingham Live.

EDF claims that customers can also save approximately £41 with Energy Hub. This estimate is based on a sample of 2000 customers who began using Energy Hub between January 2022 and March 2022 and logged in five or more times from April 2022 to April 2023.

The costs are calculated based on Ofgem's typical annual consumption values compared against projected Standard (Variable) consumption costs from April 2024 to March 2025. According to Ofgem, the average household in Britain uses 2,700kWh of electricity and 11,500kWh of gas.

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