A new energy tariff offered by EDF on Uswitch is offering rates 18% below the current price cap - and 6.5% cheaper than the new cap introduced in April. The 12-month fixed deal is the cheapest Uswtich has offered since October 2021 - costing £1,581 for households with average consumption.It is £109 under than the April price cap, and is the cheapest energy-only fixed deal available across England, Wales and Scotland.
'Customers have been under the cosh from sky-high prices for years, so it’s a big step to see tariffs priced lower than the upcoming cap, and the cheapest we’ve seen since late 2021,' Will Owen, energy expert at Uswitch.com, said. 'At £1,581 for the average household, this should be worth considering for those wanting to take advantage of falling rates and lock in price certainty for 12 months.