Photo by Saving Money on Your Energy Bills: A New Tariff to Consider
As someone who’s always on the lookout for ways to save money, I was excited to learn about EDF Energy’s new Ensure tariff. This innovative tariff has the potential to save you £50 a year on your gas and electric bills, even if you use the same amount of energy. In this article, I’ll dive into the details of this new tariff and explore how it could benefit you.
Image: A person holding a piggy bank, surrounded by energy-efficient appliances
The Ensure tariff is particularly advantageous for lower energy consumers, such as those spending up to £100 monthly. By reducing standing charges rather than unit rates, EDF Energy’s Ensure tracker tariff offers a £50 annual saving compared to the price cap.
How Does It Work?
The energy price cap, set by Ofgem, limits the maximum rates energy firms can charge on standard tariffs. Most households in England, Scotland, and Wales are on these price-capped tariffs, where most providers charge rates close to the cap.
The price cap is adjusted every three months, and EDF Energy’s Ensure tariff mirrors these changes, reducing standing charges by £25 each for both electricity and gas over a year.
Who Is Eligible for the Tariff?
The Ensure tariff is accessible to most customers, including those using prepayment meters, and dual-fuel and single-energy users. It supports various payment methods, such as Direct Debit, pay upon receipt of bill, and prepayment.
A smart energy meter displaying energy usage
There is a payable exit fee if you leave the tariff before the end of the year; you’ll have to pay £25 per fuel, a minimal penalty considering it actually matches the annual discount.
Getting Started
New customers can obtain a quote and switch online, while existing customers can apply through their online account or via the EDF app.
Conclusion
EDF Energy’s Ensure tariff is an attractive option for those looking to save money on their energy bills. With its reduced standing charges and flexible payment options, it’s definitely worth considering. So, will you be switching to EDF’s Ensure tariff or are you considering it? Share your thoughts in the comments section below!
