We’re offering a 4-year fixed tariff for small businesses!
At EDF, we like to keep our tariffs clear and simple, listening to our fantastic small business customers and giving the options they are looking for to grow. We’ve listened and we’re introducing a four year version of our Fixed Online tariff*. We only offer one fixed tariff and now you can pick between a one-to-four-year fixed term, whatever suits your business!
Are tariff prices going up?
The increase in energy prices across the board over the last few years has been a concern, and small business energy prices have been hit too. Due to inflation, the underlying trend is a steady increase, as it gets more expensive to produce and supply energy. Prices have also been driven up in recent years by increasing subsidies to support renewable generation, alongside costs to maintain networks and ensuring there is enough generation to meet demand.
Why a 4-year tariff?
Because of the unpredictable nature of energy prices, it gives huge reassurance to know that whatever the current unit rate and daily standing charge is offered when you sign up for the 4-year fixed tariff will stay that way until the end of the contract. Plus, this stability can make financial planning and cash flow management that much easier for your business.
Unlike standard variables or other flexible tariffs where rates can fluctuate (usually upwards), you can rest assured that this won’t be something to be concerned with on the fixed tariff. And if you get a Direct Debit set up, you’ll save that bit more again!
What about exit fees?
In a similar way to phone contracts or insurance policies, all our long-term fixed rate tariffs have exit fees as part of the terms and conditions. This is because we buy the fuel in advance when you sign up for the tariff, and so leaving early becomes a large loss for us.
The exit fee for the 4-year per fuel will be high, so do bear that in mind when you consider signing up, but remember you can also change your tariff up to 49 days before the tariff end date. If you’re unsure, please contact our experts on 0333 188 6725, and they can get everything clear as day for you.
Is a fixed tariff right for your business?
The main benefit of signing to a fixed rate tariff is knowing for that set period what your unit rates and daily standing charges are going to be, so all you have to worry about is minimising your usage.
If you’re the sort of business customer that consumes a large amount of energy, it can be a relief to know you don’t have to spend time constantly searching and switching between tariffs and providers to get the best deal. Plus, with trends showing yearly increases on tariff rates, it’s good to know that you’ll be saving money by fixing your rates at a lower amount.
But even if you’re a consumer of lower energy amounts, it can still be a weight off your mind knowing that your bills aren’t going to fluctuate too much, meaning you can focus on the more important things for your business growth.
MyAccount and Energy Hub
One of the great features we offer at EDF is access to Energy Hub, via your MyAccount. Energy Hub requires a smart meter to be installed, so if you’ve not got one for your business yet, click here to get an appointment booked for an installation.
If your smart meter is set to half-hourly readings, you can see the most accurate tracking of your energy use and use it to help find ways to reduce your usage, and therefore your bill if you choose the fixed tariff.
How to get on this tariff
If you’re not with EDF, all you need to do is head to our website and click the button. We just need a few details about yourself and your business, and you could get a quote in just 60 seconds!
If you’re already an EDF customer (or after more information) and want to switch, get in touch on 0333 188 6725 and one of our small business sales team will help you. They can answer all the questions you've got and get you signed up there and then. Nice and easy.
*This tariff is being trialled for a two-week period starting from April 3rd, before potential permanent availability.
