What’s in this guide?
For the second time this year alone, EDF has announced a price increase for their default tariff, which could cost customers an average of £70 a year.
Does this apply to you?
Did you know switching could save you up to £400 a year?
So check out this guide which will tell you everything you need to know about EDF price changes, including what they are and how you could avoid them.
Let’s dive in and find out more.
Price change news
In 2018, most of the big energy suppliers have raised their energy prices more than once, with companies such as Scottish Power having added about £63 a year to approximately 960,000 customers.
Unfortunately, EDF customers are one of the most recent victims of these price increases.
Back in June, EDF increased the standard variable electricity tariff by 2.7%.
£16 will be added to the annual bill of standard dual-fuel tariff customers.
After another announcement in August, the cost of electricity will rise by 6.1% and gas by 6% from the 31st.
Combined, these two price increases mean an extra £86 a year added to the typical bill, a rise of 7.5%.
This will affect around 1.3 million, or around 40%, of EDF customers.
I am an EDF customer – will my prices increase?
Unfortunately, if you are a standard tariff customer then you are going to be affected by these increases in prices.
Dual-fuel bills will rise by 6% on average, which is approximately £70.
This takes it from £1,158 a year to £1,228 a year.
According to some reports, most energy companies wait for the first supplier to raise their prices then announce their own so there is less news coverage focused on them.
This is why you should consider switching energy suppliers whenever possible.
Plus, if you take a look at the EnergySeek guides, you can learn more about your top choices including what their costs are and customer satisfaction.
What can I do to avoid price increases?
As these specific tariffs that change due to price increases do not have fixed terms that lock you in, you can actually switch at any time.
Comparing suppliers means that you take a look at many deals available to you right now from different suppliers.
This can end up with you saving some serious money on your annual bills, as you can directly compare one tariff against another.
Plus, you can see which suppliers have the traits that suppliers excel in, including customer satisfaction and extra services.
How do I compare?
You need to take into consideration what it is that you want the most in your supplier.
For instance value for money, customer satisfaction or even due to the extra services that they offer, such as boiler care or insurance.
You need to have some information to hand in order to compare effectively:
- Your location
- Annual consumption or spend
- The size of your home
- Phone number
Finally, you can then use a tool such as the EnergySeek comparison tool to compare tariffs and energy suppliers to see which would be best for you, and become an energy shopper.
Did you know that you could be saving up to £500 on your energy bills every year?