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EDF Energy Tariffs

Getting knowledge of energy tariffs is a primary way to reduce your business energy bills and to get the best energy deal as per the business needs. If a business wants to know EDF Energy tariffs for the necessary energy needs, we provide all the essential information to help you understand EDF Energy tariffs, enabling businesses to make an informed decision about the best option for their business energy needs.

Who is EDF Energy?

EDF Energy is one of the Big Six suppliers when businesses compare business energy suppliers across the United Kingdom, serving as a main business energy supplier of gas, electricity, and a host of additional home services to a multitude of households nationwide. EDF Energy has earned the trust and preference of numerous individuals and businesses alike, owing to its extensive range of offerings and commitment to reliability. Whether it's powering homes or providing essential services, EDF Energy's broad expertise ensures they are a go-to choice for many. Should you require guidance or support regarding energy-related matters, you can always turn to EDF Energy for assistance.

EDF Energy Tariffs

We compare energy rates per kWh from the >business gas comparison of EDF Energy tariffs, whether you're looking for the stability of fixed rates or the flexibility of a variable rate. Below, you’ll find our main types of EDF Energy tariffs explained:

  • 1. Fixed Rate Tariffs: With EDF Energy's Fixed Tariff, businesses can benefit from price protection. This means that business energy unit prices remain unchanged throughout the contract term, shielding the business from surprises on business energy bills, even if energy prices rise. This EDF Energy Tariff offers price certainty and peace of mind, with various contract lengths available to suit your specific needs.
  • 2. Variable Rate Tariffs: EDF Energy's Standard Variable Tariff offers flexibility in business energy pricing, with rates that can fluctuate based on market conditions. This allows the business the freedom to adapt as needed. The benefits of this EDF Tariff include the flexibility to switch to other EDF Energy tariffs or different business energy suppliers without incurring exit fees and the potential advantage of benefiting from price drops in the market.
  • 3. Prepayment Meter Tariff: EDF Energy's Pay as You Go tariff is ideal for businesses preferring to pay for their energy upfront. With this EDF Energy Tariff, businesses can conveniently top up their pay-as-you-go meter as needed, allowing for better management of their budget and business energy consumption. The benefits include full control over business energy consumption, ensuring no surprises on business energy bills, and providing peace of mind regarding expenses.
  • 4. Business Electricity and Gas Contracts For businesses, EDF Tariffs offer a range of Business electric and gas contracts designed to meet the specific needs of the businesses. Whether a small start-up or a large corporation, EDF Energy Tariffs has energy solutions to help them manage costs and support the business's operations effectively.
  • 5. Compare Business Electricity Prices: To get the best EDF Energy electricity tariff or run a business gas comparison for the cheapest EDF Energy Tariff for Gas, at Lloyd Energy, we will help businesses get the best business energy tariff price per kWh that is tailored as per the business needs.

EDF Energy Tariffs in 2024

In 2024, EDF Energy Tariff standard variable prices increased once by the energy price cap set by Ofgem.

EDF energy standard variable tariffs are subject to Ofgem's energy price cap, similar to most other energy suppliers in the UK. This price cap determines the maximum business energy rate per kWh that business energy suppliers can charge for average use on standard variable tariffs, which are typically the most expensive type of energy plan. In recent years, customers have been unable to switch to cheaper energy tariffs when rolled onto a standard variable tariff.

From September 2021, energy wholesale prices saw a significant rise due to factors like low wind generation and gas reserves. This increase led Ofgem to raise the energy price cap level, reaching £3,549 eventually. This affected many customers who transitioned from fixed tariffs but had no alternatives due to the withdrawal of fixed tariffs by suppliers.

To assist customers in managing their energy bills, the government introduced the subsidized Energy Price Guarantee, capping unit rates so that an average household would pay £2,500 annually. However, the price cap level was subsequently lowered to £2,074, resuming its role in setting the unit rates of standard variable tariffs. Although the price cap level dropped to £1,834, it rose again to £1,928 for the period from January 1 to March 31, 2024.

Period Price cap level Energy Price Guarantee level EDF standard variable price
April 2019 - October 2019 £1,254 N/A £1,254
October 2019 - April 2020 £1,179 N/A £1,177
April 2020 - October 2020 £1,162 N/A £1,162
October 2020 - April 2021 £1,042 N/A £1,042
April 2021 - October 2021 £1,138 N/A £1,138
October 2021 - April 2022 £1,277 N/A £1,277
April 2022 - October 2022 £1,971 N/A £1,971
October 2022 - January 2023 £3,549 £2,500 N/A (SVT capped at £2,500 under EPG)
January 2023 - April 2023 £4,279 £2,500 N/A (SVT capped at £2,500 under EPG)
April 2023 - July 2023 £3,280 £2,500 N/A (SVT capped at £2,500 under EPG)
July 2023 - October 2023 £1,976 £3,000 £1,976
October 2023 - January 2024 £1,834 £3,000 £1,834
January 2024 - April 2024 £1,928 £3,000 £1,928

Why Choose EDF Energy?

  • • Reliability: EDF Energy is renowned for its commitment to maintaining high service standards, ensuring reliable energy supply.
  • • Customer Service: Access comprehensive support through multiple channels, including phone, email, and online platforms, click here for assistance.
  • • Smart Solutions: Benefit from smart meters and energy-saving devices provided by EDF Energy, empowering you to efficiently manage and reduce energy consumption.
  • • Rewards: Enjoy rewards and discounts on a range of services and products exclusively available to EDF Energy customers, enhancing the value of your energy service.

Switching to the EDF Energy Tariff

Switching to the EDF energy tariff is simple:

  1. Get a quote online by entering your postcode and energy consumption details.
  2. Select the business energy tariff that aligns with your requirements.
  3. Allow us to manage the switch on your behalf. We'll liaise with your current provider to ensure a seamless transition.

At Lloyd Energy, complete the contact form, and we'll present several EDF Energy tariffs tailored to your business needs. We'll assist you in switching to the most suitable EDF Energy tariff for your business.

EDF Energy Fixed Tariffs

The EDF Energy fixed tariff, EDF Essentials 1Yr Apr25v3, costs £1,639 per year, which is £51 cheaper than the Ofgem cap starting from April 1st when you pay by Direct Debit. These figures are calculated based on Ofgem's 'typical' consumption. For electricity, this 'typical' yearly consumption is 2,700 kWh, and for gas, it's 11,500 kWh. These figures are based on a national average of regional prices for a dual-fuel customer with a standard electricity meter who pays by Direct Debit. It's important to note that 'typical' consumption assumes the price cap remains the same throughout the entire year.

Dual Fuel Tariffs

EDF Energy provides dual fuel tariffs, enabling you to receive both gas and electricity from a single supplier. This arrangement offers convenience, simplifies bill management, and may lead to savings through dual fuel discounts.

Economy 7 and Economy 10 Tariffs

EDF Energy Economy 7 Tariff, is an EDF energy tariff that provides cheaper rates for business energy usage during specific times of the day or night. With Economy 7, you'll pay less per kWh for energy consumed during the night. Currently, EDF Energy does not provide Economy 10 tariffs.

EDF Energy Tariffs for Existing Customers

Existing EDF Energy customers can easily switch to EDF Energy tariffs online, with the process completed within just 24 hours. Furthermore, existing customers enjoy the benefits of our Rewards customer benefits scheme, which includes discounts at popular restaurants, on EDF Energy products, as well as opportunities for giveaways and prize draws.

For more details or to initiate the switch to EDF Energy, visit our website or reach out to our customer service team. We're dedicated to assisting you in finding the ideal energy solution for your home or business!

Tariffs for Existing Customers

Existing OVO customers can switch OVO Energy tariffs quickly and easily online, with the process taking just 24 hours. Additionally, existing customers benefit from our Rewards customer benefits scheme, which includes discounts at high-street restaurants, on OVO products, as well as giveaways and prize draws.

For more information or to get started with OVO, visit our website or contact our customer service team. We're here to help you find the perfect energy solution for your home or business!

Fixed-Rate Tariffs:

Fixed-rate tariffs are the most common type of tariff, offering businesses the advantage of locking in more affordable electricity prices. Typically associated with a 1 to 4-year contract, these tariffs provide a stable rate throughout the contract duration, ensuring predictability in energy costs. However, it's important to note that fixed-rate tariffs often come with limited flexibility during the contract period.

Variable Rate Tariffs:

Electricity prices that fluctuate with the market provide a flexible option for businesses. While this approach offers adaptability, it's crucial to be aware that savings are not guaranteed, as prices can vary based on market conditions.

Green Energy Tariff:

A Green Energy Tariff is an ideal choice for environmentally conscious businesses seeking to align their energy consumption with sustainability goals. This type of tariff supports green initiatives by sourcing electricity from renewable energy sources. Green Energy Tariffs are available from various suppliers, allowing businesses to make eco-friendly choices in their energy consumption.

Rolling Contracts:

Rolling contracts, often featuring the most expensive unit rates, are employed when a business hasn't negotiated a new electricity contract. These contracts operate on a rolling basis and should be periodically reviewed to prevent overpaying. It's crucial for businesses to stay vigilant and consider negotiating a more favourable contract to optimize cost efficiency.

Compare Business Electricity Prices here with Lloyd Energy within 60 Seconds.

To see the latest business electricity prices, you should compare regularly. Assessing your tariff and switching to a better deal can save your business money while also contributing to your green goals. With business electricity rates stabilized in 2023, now in 2024 it is the perfect time to explore your options and cut down on costs. Let our energy experts do all the hardwork.

Our energy consultants will compare the energy prices accross different business electricity suppliers in your location and help your business grab the cheapest electricity tariff which will be best for your business.

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