Major energy firm slashes standing charges claiming customers can save up to £100 with its new tracker tariff
Major energy firm slashes standing charges claiming customers can save up to £100 with its new tracker tariff
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STANDING charges have been slashed by a major energy firm that claims customers can save up to £100 with its new tracker tariff. EDF's new Simply Tracker Extra Apr26 replaces the previous Mar26 tariff and claims to lower standing charges for most customers.
![[EDF Energy bill.]](https://www.thesun.co.uk/wp-content/uploads/2025/01/atf9mn-domestic-gas-electricity-bill-910517850.jpg?strip=all&w=960)
It does so by tracking Standard Variable prices in order to "consistently" undercut Ofgem's price cap by £100, through a saving of £50 per fuel. This discount is then applied to any EDF customers through lower standing charges. It said it chose to reduce the standing charges, rather than its unit rates, in order to ensure that "all customers benefit equally from predictable cost savings.".
![[Smart meter display, phone energy bill, and cash.]](https://www.thesun.co.uk/wp-content/uploads/2025/01/2y3yep3-energy-use-cost-concept-940063328_f2a4d1.jpg?strip=all&w=960)
Standing charges are fixed daily charges placed on an customer's bill and they cover the cost of supplying electricity and gas to homes. Their prices are set by your energy supplier, based on energy network maintenance costs, operational costs such as metering and billing, and costs from the government for energy and related social and environmental policy schemes.
Crucially, the price of standing charges does not change on your energy bill depending on how much energy you use in a day. If you have an Eco20:20 tariff standing charges paid by direct debit average out to 60.34p daily for electricity, with a standard gas meter's charges averaging out to 31.42p per day.
However, these rates vary depending on where you live, as well as how you pay your bill and the type of meter you have. For example, the daily standing charge for someone living in London paying with a direct debit and using an Eco20:20 tariff are just 40.76p compared to 67.93p in the South West.
