The energy regulator Ofgem commissioned EDF to take over all 360,000 household customers from GNE when the provider ceased trading in January. At that time, EDF switched households to one of six new tariffs. We cracked the numbers on these tariffs in February and they were comparatively cheap. At that point, EDF said it was guaranteeing all customers a price cut from their GNE tariff through September 30, 2021.
But EDF has now confirmed that these six affordable tariffs between October 31st will increase EDF’s SVT to £ 1,277 / year for a typical household. It comes after Ofgem announced that it would raise the price cap for these tariffs from October 1st.
That means your price could go up by more than £ 320 / year if you don’t do anything. If you find choosing a new tariff confusing, try our free Pick Me A Tariff tools to find the cheapest deal based on your preferences, or do your own full market comparison through our Cheap Energy Club.
EDF offers ex-GNE customers exclusive “renewal tariffs” – however, some could save more by switching
EDF has contacted former GNE customers to inform them that their tariff is expiring and to offer them a new, exclusive offer that is not available on the open market. Which offer is offered to you depends on which tariff you are currently using:
- If you use the ‘Welcome GNE Variable V1’ or ‘Welcome GNE Variable V2’ tariffs from EDF, you will be switched to the expensive ‘Fix Total Service Sep24’ deal. With typical usage, this tariff is over £ 140 / year more expensive than the cheapest variable tariff on the market and over £ 50 / year more expensive than the cheapest fixed tariff.
- If you use the ‘Welcome GNE Variable V3’, ‘Welcome GNE Variable V4’ or ‘Welcome GNE Variable V5’ tariffs from EDF, you will be switched to the ‘Fix Total Service Sep24 v2’ tariff, which offers a good price-performance ratio offers. With typical usage, this special tariff proves to be the cheapest landline offer on the market.
However, if you don’t mind a smaller provider, you can save by switching to a different provider as it is still over £ 80 / year more expensive than the currently cheapest variable rate based on typical usage.
Just remember that both exclusive tariffs are set for three years with exit fees of £ 35 / fuel.
You could save £ 190 + / year moving elsewhere compared to EDF’s standard plan
You won’t find the EDF listings above either if you do a price comparison – to make sure your listing stacks up, get a quote from EDF based on your usage that takes into account the annual cost of the tariff, then Use Do this to do a full market comparison (just make sure your usage is the same).
Unfortunately, due to the massive increase in wholesale energy prices this year (what suppliers pay for gas and electricity), you will hardly find an offer that is as cheap as your current variable EDF tariff. However, compared to EDF’s SVT, you could save an average of 190 + / year by switching, so don’t let that put you off. Since the variable tariffs for former GNE customers and EDF’s SVT do not include exit fees, you can switch at any time.
You can use our Cheap Energy Club to compare the entire market or use our popular Pick Me A Tariff tools where you tell us your preferences and we will find your top pick tariff.
What does EDF say?
An EDF spokesperson said: “The vast majority of ex-GNE customers will now have received details of their renewal tariffs, or in the next few days the renewal tariffs will offer customers a competitive, market-leading rate and the peace of mind that the rates will change during the contract with a fixed term do not change. “