Deemed Tariff?

Kysa85

Hi,

Last year my supplier went bust and I was automatically transferred to EDF. The last correspondence I had from them is October where they increased my bill from £74 to £94 and it tells me I am on the Welcome GNE V1 tariff. Now, when I log into my account it shows my tariff details (with a disclaimer saying they are the rates from April 2022) as being the ‘deemed’ tariff. Looking online shows me that a deemed tariff is a tariff that you are placed on automatically when you move to a new property (which I haven’t) and there is no communication between you and the energy supplier. 

Deemed tariff is showing elec as 27.63 per KWh with standing charge of 44.75 and gas as 7.282 per kWh and standing charge 27.22 

My usage this year is approx 12500 gas and 1850 elec.

Why have they placed me on this tariff? Should I look at other energy suppliers? The only other tariff EDF are offering me is a standard variable. Energy supply comparison websites are not being very helpful due to price increases. 

Thank

Verdigris

Why have they placed me on this tariff?

You're already on this tariff. It is the SVT which is revised every six months, in April and October. That is the price for the East Midland Region, from April 1st. Think yourself lucky, my price for electricity, in the South West region is 51.6p SC and 28.4p/kWh.

Fixed deals are even more expensive at the moment.

Gerry1

If you move to a new property you'll enter into a Deemed Contract at the Standard Variable Tariff rate the moment you switch on a light.  When you were transferred to EDF you were put on the SVT.  Six of one, half a dozen of the other.

In this respect you're no worse off than most people, you'll be on the increased SVT from April which will be capped until October barring any policy changes from Ofgem.

You could lock into a new fixed tariff to avoid any rise in October, but most fixed tariffs are very expensive with high exit fees so the general opinion seems to be to do nothing.

Whatever you do will be a gamble unless you have an excellent crystal ball.

MWT

Kysa85 said:

Looking online shows me that a deemed tariff is a tariff that you are placed on automatically when you move to a new property (which I haven’t) and there is no communication between you and the energy supplier. 

More accurately perhaps, it is a tariff you are put on when you have not contracted with a supplier for a specific tariff.

In your case you were moved to EDF without requiring your consent as part of the Supplier of Last Resort process, that means you are on a deemed tariff... 

You can choose to be moved to a different EDF tariff if you wish...

ECB51

Hi, looking for some advice on deemed tariffs please. I have just moved into a house supplied by EDF and have been put on a deemed tariff. I have been told by EDF it is variable and not price capped. Does anyone know if this is true? I’m trying to decide whether to stay on deemed or move to another tariff or supplier.
Thank you. 

MWT

ECB51 said:

Hi, looking for some advice on deemed tariffs please. I have just moved into a house supplied by EDF and have been put on a deemed tariff. I have been told by EDF it is variable and not price capped. Does anyone know if this is true? I’m trying to decide whether to stay on deemed or move to another tariff or supplier.
Thank you. 

The deemed tariff is both variable and capped, they have no choice in that matter.

If in doubt tell us the name of the tariff... ?

Verdigris

That is correct. You won't find anything cheaper at the moment. SVT is the same for all suppliers but if you move, voluntarily, the new supplier isn't obliged to offer the SVT. Fixes are very expensive, and short, at the moment.

Robin9

As I recall the Welcome GNE tariffs finished at the end of September.  Prior to then you were given choices of EDF tariffs or if you wanted to switch to another supplier. If you did none of these then you reverted to the Standard Tariff. You look like you have missed out on the opportunities that were there.

I've just had my Aug 12  - March 1  but I had to chase EDF for it.