New EDF tracker tariff cuts daily energy standing charges by £100

Daily Record

30-06-2025

Low energy usage customers can also benefit from the savings under the fixed-term tariff.
EDF is guaranteeing consistent savings to customers with its relaunched tracker tariff, Simply Tracker Extra Sep26, which discounts annual standing charges by £100. The fixed-term tracker tariff tracks Standard Variable prices and will undercut Ofgem's price cap by £100.
Ahead of the new July price cap level coming into effect this week (July 1), EDF's tracker tariff guarantees savings of £50 per fuel on the price cap, with the discount applied through standing charges.
Standing charges are fixed daily charges which cover the fixed cost of supplying electricity and gas to homes. By discounting standing charges instead of unit rates, all EDF customers who sign up to EDF's Simply Tracker Extra tariff will benefit from the same financial savings, even if they are low energy consumers.
EDF has achieved the discount thanks to how it buys energy in advance, taking the savings made on energy costs and applying them to standing charges to ensure everyone can benefit.
Based on the July 1 price cap level, the new tariff offers an annual average bill cost of £1,619 for a dual fuel customer paying by Direct Debit.
Commenting on the tariff relaunch, Rich Hughes, Director of Retail at EDF, said: 'Although the price cap is dropping for July, our current predictions anticipate prices will rise again from July through to April 2026.
'Our price cap prediction for October has already increased by a further £63 since June 3. Given the continued volatility we're seeing in wholesale prices, we strongly advise customers to consider a fixed or tracker tariff.
'Our tracker tariff guarantees customers will always save £100 against the price cap, regardless of the changes to the energy price cap over the next year.'
He added: 'By applying the discount through standing charges, we ensure that customers who are already working to improve their energy efficiency and reduce their carbon footprint still benefit from equal cost savings.'
With only 35 per cent of customers currently on fixed tariffs, EDF's new tracker tariff provides an opportunity for widespread savings.
EDF also offers a 12-month fixed tariff, Simply Fixed Jul26v12, which allows new and existing customers to lock unit rates and standing charges for one year at an average bill cost of £1,681 for a dual fuel customer paying by direct debit.
To sign up to EDF Simply Tracker Extra Sep26, existing customers can do so through MyAccount online or the EDF app, or new customers can sign up on the website. The tariff is available to new and existing customers on Direct Debit, Cash Cheque and Pay As You Go for a limited time only.
For an extra £50 off your energy bill, EDF customers and their friends can also sign up to 'Refer a Friend' via MyAccount online.
Emily Seymour, Which? Energy Editor, said: 'Consumers will be relieved that the energy price cap will fall by 7 per cent from 1st July. The change to energy prices means that the summer could be a good time to shop around for fixed deals. As a rule of thumb, we'd recommend looking for deals cheaper than the price cap, not longer than 12 months and without significant exit fees.
"If you are on a fixed deal from earlier in the year which leaves you paying more than the July price cap then you might be considering switching early. Check whether your contract has exit fees - if yours has no or low fees it could be worth changing to a new tariff. Some contracts charge large fees to leave early, which would cancel out any savings.
"If you've not yet fixed a deal and your variable rates are changing from 1 July, submit a meter reading to ensure you pay the cheaper rates for any energy used after the new price cap takes effect."