EDF launches new price-cap busting 12-month fixed tariff
EDF has launched the cheapest, energy-only 12-month fixed tariff among major suppliers, £130 lower than January’s price cap.
EDF’s price cap forecasting service predicts that tomorrow’s announcement from Ofgem will see the cap go up by £21 from 1st January 2025.
The cap had dropped to £1,568 earlier this year, however it rose by 10% on October 1st and that trend looks set to continue. Typically, prices do increase at this time of year when demand is higher. However, there has been more wholesale market volatility in recent weeks due to the recent cold weather as well as concerns over gas supplies from Russia. Instability caused by conflicts in the Middle East and between Russia and Ukraine, as well as the uncertainty the American election brings to global gas prices are also factors in the predicted uptick.
Longer term, the price cap is predicted to rise again in April, before going down in July, however there is less certainty around these price cap periods as wholesale prices may change.
To help customers now, EDF has introduced Simply Fixed Direct 1y Jan26 which costs £1,608 for a typical average energy user paying by direct debit and a smart meter is not required to sign up.
EDF has regularly offered the cheapest fixed rate deals amongst major suppliers this year and recently launched its Sunday Saver offer giving customers who sign up and reduce peak energy use up to 16 hours of free electricity a week. Customers who sign up for December’s challenge will get eight hours of free electricity on Christmas Day.
There are no exit fees for Simply Fixed Direct 1Yr Nov25 V5 if the customer signs up directly through EDF, however the deal could be removed at any time due to volatility in global wholesale prices.
Rich Hughes, Director of Retail at EDF, said: “With cold weather setting in and the price cap set to increase again, we know people are more concerned about the cost of their energy bill. Just like we have all year, we will keep our prices as low as possible, so we can help and offer again the cheapest priced energy only fixed deal of the major suppliers.”
EDF is also offering a 12-month tracker tariff, which tracks at £50 below the price cap, with that £25 per fuel saving coming from standing charges rather than unit, ensuring that those who sign up will see the same financial benefit even if they are low energy consumers or on a Pay As You Go meter.
Existing customers can sign up to the new tariffs in MyAccount or in the EDF with new customers able to join here.
About EDF
EDF is driving the transition towards An Electric Britain – a secure, affordable, low-carbon future for everyone. As Britain’s biggest generator of zero carbon electricity, we are investing more than £100 million weekly in Britain’s electricity infrastructure. We supply millions of customers with electricity and help homes and businesses switch to electricity for heating, transport and industrial processes.
We operate five nuclear power stations and more than 35 onshore wind farms and three offshore wind farms. Since 2009, EDF has invested almost £9 billion in the nuclear fleet to improve reliability and extend station lifetimes. The five generating stations currently supply about 12% of the UK’s electricity demand.
EDF is building the UK's nuclear renaissance with the construction of a new nuclear power station at Hinkley Point C. We are a minority investor (12.5%) in and major supplier to a replica plant at Sizewell C in Suffolk. Hinkley Point C and Sizewell C will provide low carbon electricity to meet 14% of UK demand and power around 12 million homes. EDF Group companies Framatome and Arabelle Solutions have a presence in the UK and manufacture critical equipment such as reactor pressure vessels and turbines.
EDF is enabling its 5 million customers, both in business and at home, to choose electric solutions that save cash and carbon, whether it is buying an electric car, generating and storing electricity, selling energy back to the grid or installing solar panels or a heat pump. In 2025, EDF’s Customers business was ranked as one of the Sunday Times’s Best Place to Work.
It is also one of the UK’s leading developers of renewable energy through EDF power solutions UK and Ireland. We have more than 2GW of renewable generation in operation and over 10GW in construction, planning and development across a range of technologies including onshore and offshore wind, solar and battery storage.
We are one of the largest suppliers to British business and a leading supplier of innovative energy solutions that are helping businesses become more energy independent. In addition, the company’s energy services business, Dalkia, one of the UK and Ireland’s largest technical service providers.
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