EDF 1st July 2024 prices available.

lohr500

Not sure if this has been posted elsewhere but the 1st July 2024 EDF pricing is now showing online : 

https://www.edfenergy.com/gas-and-electricity/price-change

Links to the tariffs are about half way down the page.

I am pleased to see that this time EDF have dropped my Off Peak Eco20:20 rate by a higher % than the peak which is good news.

Swipe

Their E7 night rates are pretty poor

reefer37

Why on the list are prices cheaper for PAYG than DD for standard meters. i understand while cash and cheque are dear per unit rate but was always told DD was cheaper for electric and gas. might switch to PAYG if that is the case

bristolleedsfan

reefer37 said:

Why on the list are prices cheaper for PAYG than DD for standard meters. 

I think it is due to pre-payment customers not being included for current bad debt recovery charge which had been put on unit rate for all other payment methods.

Scot_39

After the fuss - over pay as you go being a higher cost - often on the poor - the pricing has been EPG'd to be approximately the same cost as DD - at least at the Ofgem median TDCV - since July last year.

https://www.gov.uk/government/publications/energy-bills-support/energy-bills-support-factsheet-8-september-2022

From the above - the EPG compensation mechanism - in as much as it existed has ended - and has now been built into the April cap using a levelisation charge on DD and SC customers - of £10 - and a corresponding discount of £49 for prepay.

https://www.ofgem.gov.uk/sites/default/files/2024-02/Default Tariff Cap Letter - 1 April 2024 .pdf

As per that description Ofgem decided it should be applied via standing charge.

They also do not pay the full increased debt special £28 pa that those on SC and DD pay - but £9

The current DF DD cap is £1690, the prepay equivalent £1643 - so £47 cheaper

From July 1st

https://www.ofgem.gov.uk/sites/default/files/2024-05/Summary of changes to energy price cap 1 July to 30 September 2024.pdf

So DD £1568, prepay - £1522 - £46 cheaper

lohr500

reefer37 said:

Why on the list are prices cheaper for PAYG than DD for standard meters. i understand while cash and cheque are dear per unit rate but was always told DD was cheaper for electric and gas. might switch to PAYG if that is the case

Because we have a high annual electricity usage I switched to PAYG from monthly DD in September last year.
At the time the annual saving was over £100 from memory. At the current prices the saving will be a little less.

The other advantage is that EDF are no longer holding a large balance due to their usual over-estimation of the required monthly DD amount. And it is good for my cashflow because instead of a DD hitting my bank account as a single hit each month, I now auto top-up the PAYG in £50 lumps every 5 to 6 days. 

dunstonh

The night rates for Eastern are still disappointing.  50% higher than the fix from last year (which ends in September).

When using my annual unit count and split and comparing single rate to e7, the monetary cost of single rate has dropped from £14.00 to £11.16 per day, whereas the monetary cost of e7 has risen from £7.46 to £7.86

Scot_39

bristolleedsfan said:

reefer37 said:

Why on the list are prices cheaper for PAYG than DD for standard meters. 

I think it is due to pre-payment customers not being included for current bad debt recovery charge which had been put on unit rate for all other payment methods.

To be fair, they still pay the old Covid prepay rate of £9 - £2 lower than the old £11 for other methods.  See the Apr allowance changes in letter link above.

bristolleedsfan

Scot_39 said:

bristolleedsfan said:

reefer37 said:

Why on the list are prices cheaper for PAYG than DD for standard meters. 

I think it is due to pre-payment customers not being included for current bad debt recovery charge which had been put on unit rate for all other payment methods.

To be fair, they still pay the old Covid prepay rate of £9 - £2 lower than the old £11 for other methods.  See the Apr allowance changes in letter link above.

Are you saying that from 1 July COVID-19 bad debt adjustment will still be charged/exist.?

Scot_39

No.  I am not.  That's why I said same rate.  £9 is £9.

But for other payment methods - £28 is not £11.


Those on prepay will pay the same absolute payment on that adjustment allowance line as of Apr 1st cap letter - so a potential debt offset contribution will still exist at £9.  (I would need to go back to past breakdowns to absolutely confirm it was the covid-19 add on) 

The Apr letter shows zero change on the ajustment allowance breakdown line for ppm.

And the same line was at £11 for DD / credit will increase to £28., shows an increase of £17.

And to be fair the letter only refers to the £11 as being the Covid-19 true up.  It doesn't specify what the £9 was in the Apr letter.  So perhaps that's a wrong assumption on my part.

But it appears on the same adjustment allowance line.

One is fixed zero change, one is increasing.

For those on dd or credit it doesn't realky matter whether it's called Covid-19 bad debt hardship debt or (in theory at least one year only) special measures bad debt driving that adjustment allowance.  It is still those who pay paying even more subsidising those who have not.

Your own link text suggest Ofgem are unsure what it will be come Apr 2025 cap.

The main reason I highlighted it was that line £28-9 = £19 a decent chunk of £47 difference between caps - and the explicit ppm  levelisation - are 2 of the major changes in the now cheaper pp cap

superkoopauk

bristolleedsfan said:

reefer37 said:

Why on the list are prices cheaper for PAYG than DD for standard meters. 

I think it is due to pre-payment customers not being included for current bad debt recovery charge which had been put on unit rate for all other payment methods.

It is also because of Ofgem's PPM equalisation. Since April people on DD tariffs have been paying more than we would have done otherwise so PPM customers can pay less.  I.e. the price cap is now not just linked to the reflective costs of your meter type