EDF FreePhase Dynamic Tariff

tlcgrantham

It’s down to the formula EDF use to work out the rates. I believe it’s something like

W (Wholesale price) x C ( regional multiplier) + P ( Red rate regional add on )

South West is W x. 2.01 + 11.25

East Midlands. W x 2.05 + 6.44

North West. W x 2.08. + 11.06

Those formula rates are due to change in April

bristolleedsfan

Have sent email asking to be changed to Freephase Static, not bothered about 9 month return rule to go back on Dynamic.

The_Groat_Counter

https://forums.moneysavingexpert.com/discussion/comment/81907368#Comment_81907368

Interested to hear your thinking about doing this… worried about coming volatility, or was Dynamic not working for you?

bristolleedsfan

https://forums.moneysavingexpert.com/discussion/comment/81907412#Comment_81907412

Static prices are very decent in current climate. 😎

Newbie_John

Ive switched from Agile to Cosy probably for the same reason. Short term the next two weeks are quite windless so fairly high prices - that's OK, but the electricity prices are strongly linked to gas prices and those are heading towards the peak of Russian invasion.russian invasion, and you will see at 12 tomorrows prices. Yes it could be a very short term panic and hopefully it is, but you never know.

decentchap100

Prices for tomorrow not great but amber and green still below the price cap. Considering what is going on, very little wind power and gas doing pretty much all the heavy lifting it's not really too bad. I guess it could well get a lot worse depending on how the Iran situation plays out etc but I'll be sticking with it for now.

The_Groat_Counter

decentchap100 posted:

Prices for tomorrow not great but amber and green still below the price cap.

For what it's worth, tomorrow in the London region amber is above the price cap by a small amount…
(n.b. I haven't checked through all the regions)

More generally speaking, it'd be interesting to see a rough mapping of the Dynamic rates to the electricity generation mix over a period of time, to see what the correlation is between renewables (wind and solar) and lower prices.

decentchap100

https://forums.moneysavingexpert.com/discussion/comment/81908029#Comment_81908029

Amber for us (SE) is 25.74p

Price cap for us is 28.27p

Our red is slightly higher though, at 51.94p

Wind has been very poor the last couple of days which is probably the main contributor to the higher rates. Gas having to do pretty much all the heavy lifting. Solar hasn't been too bad though as it's been quite sunny but obviously the days aren't all that long yet.

tlcgrantham

https://forums.moneysavingexpert.com/discussion/comment/81907368#Comment_81907368

Have EDF responded and is your Static tariff live yet?

bristolleedsfan

https://forums.moneysavingexpert.com/discussion/comment/81909138#Comment_81909138

Fantastic Q 😀 Nope 🙄

Not planning to stay with EDF during summer months thought would kill two birds with one stone, currently cheaper on static and start 9 month period off from today (or so I thought)

Only usage today will be fridge and laptop charging. 😎