Martin Lewis alerts energy users paying under £135 monthly about a new EDF deal that cuts standing charges, offering potential savings for low-energy consumers.
Birmingham: Martin Lewis has a warning for anyone paying less than £135 a month for energy. He shared a new deal from EDF that removes standing charges for low users. This could save you money if you use less energy.
On social media, he said, “New £100 off energy standing charges tariffs! This is a strong deal for lower energy users.” He emphasized that this could be a great option for those who don’t use much energy.
He also mentioned the new Simply Tracker Extra tariff from EDF. It tracks the Price Cap most homes are on but offers £100 a year lower daily charges. This is especially helpful for those whose standing charges make up a big part of their bill.
Martin clarified that you don’t need smart meters unless you’re on prepay. He also noted there are exit fees of £25 per fuel.
For those who use more energy, he advised comparing options. With the Price Cap likely to rise in April, finding the cheapest fix could save you money.
Standing charges help everyone share the costs of gas and electricity supply. However, there’s been debate about these charges. Some suppliers say low or zero standing charges aren’t sustainable.
Martin Lewis has been vocal about his stance against standing charges, calling them a “moral hazard.” He continues to push for their elimination.
