If you’re concerned about energy prices rising again later this year, you may want to consider a new one-year fixed deal from EDF that is priced at the same level of the current price cap set by Ofgem.
The new tariff will mean energy will cost £1,567 a year for the average UK dual-fuel household. Both new and existing customers can take advantage of the deal, but they will need to either have a smart meter already or agree to have one installed. There will also be an early-exit fee of £25 per fuel should you decide to leave the tariff before the one-year fix expires. Fixing your energy prices may of course end up costing you more, but current analysis is predicting a substantial rise in Ofgem’s price cap in October.
EDF’s director of retail, Rich Hughes, said that with prices in the wholesale energy markets currently falling:
“…we can lower our prices for a limited period of time and offer customers a deal which matches the current cap, which has dropped to its lowest level since Winter 2021. However, our Price Cap forecasting service predicts rises in the coming months, making this a great time to lock in.”
You can also make further savings by ensuring your heating system is working optimally. Xgas can provide heating engineers in Chester to powerflush your system to remove any contamination, install thermostatic radiator valves to heat your home more flexibly, and service your boiler for efficient operation. Get in touch to learn more.
