You are here: Home - Household Bills - News -

MoneySuperMarket and EDF launch UK’s cheapest energy tariff

0
Written by: Adam Lewis
06/05/2016
The price comparison website MoneySuperMarket has teamed up with EDF Energy to launch a fixed rate tariff in an effort to bring down bills.

Available through MoneySuperMarket only, the EDF one-year fixed rate tariff is open to new EDF customers and will cost on average £724 per year, which according to the comparison site makes it the cheapest current tariff on the market.

Based on dual fuel, the monthly direct debit tariff is £339 cheaper than the average Big Six standard money direct debit energy bills, with the average standard variable tariff of these providers coming in at £1,063.

The tariff is fixed from the start of supply until 31 May 2017 and will be available to take out until Friday 20 May 20, or for the first 25,000 customers. All customers switching to the one-year fixed tariff should note they will be charged an early exit fee of £25 per fuel if they subsequently leave EDF within the 12 month period.

Stephen Murray, energy expert at MoneySuperMarket, said: “Moving to a fixed tariff, such as this EDF one, means customers know the price they’ll pay for gas and electricity will stay the same for the duration of the contract, unlike a variable tariff where the rate can go up and down.

“It is the price of the gas and electricity units that’s fixed and not the size of the bill, so while the amount customers have to pay will vary according to usage, these are the cheapest duel fuel prices on the market.”

There are 1 Comment(s)

If you wish to comment without signing in, click your cursor in the top box and tick the 'Sign in as a guest' box at the bottom.

Could you save money with a social broadband tariff?

Two-thirds of low-income households are unaware they could be saving on broadband, according to Uswitch.

How to help others and donate to food banks this winter

This winter is expected to be the most challenging yet for the food bank network as soaring costs push more pe...

Your rights for refunds if travel is affected by strikes

There have been a wave of strikes this year across many different industries, and more are planned over Christ...

What will happen if rates change

How your finances will be impacted by a rise in interest rates.

Regular Savings Calculator

Small regular contributions can build up nicely over time.

Online Savings Calculator

Work out how your online savings can build over time.

DIY investors: 10 common mistakes to avoid

For those without the help and experience of an adviser, here are 10 common DIY investor mistakes to avoid.

Mortgage down-valuations: Tips to avoid pulling out of a house sale

Down-valuations are on the rise. So, what does it mean for home buyers, and what can you do?

Five tips for surviving a bear market mauling

The S&P 500 has slipped into bear market territory and for UK investors, the FTSE 250 is also on the edge. Her...

Money Tips of the Week