Energy giant EDF has launched a revolutionary new tariff that could save households up to £150 annually on their electricity bills, but there's a catch - you'll need to be strategic about when you use your power.
The 'Power Move' Revolution
The innovative 'Power Move' plan offers significantly cheaper electricity rates throughout most of the day, with one important condition: customers must reduce their energy consumption during specific peak evening hours between 5pm and 7pm.
How Does It Work?
This time-of-use tariff operates on a simple principle:
- Cheap rates: Enjoy lower electricity prices for 22 hours each day
- Peak hours: Higher rates apply from 5pm to 7pm daily
- Smart meter required: The tariff depends on having a smart meter to track usage patterns
- Potential savings: Typical users could save approximately £150 per year
Is This Tariff Right For You?
The 'Power Move' plan presents an excellent opportunity for households that can adapt their routines. "This tariff is perfect for people who are out during peak hours or can easily shift their high-energy activities," explains an EDF spokesperson.
Consider this option if you can:
- Run dishwashers and washing machines outside peak hours
- Charge electric vehicles overnight or during the day
- Cook evening meals either before 5pm or after 7pm
- Use minimal electricity during the two-hour peak window
The Bigger Picture
This launch comes at a critical time for UK energy consumers, with many still struggling with high bills despite recent price cap reductions. EDF's move represents a growing trend toward flexible pricing that rewards customers for helping balance the national grid.
Important consideration: While the savings potential is significant, households that consistently use substantial electricity during peak hours might actually end up paying more than on standard tariffs.
What You Need to Know
Before switching, ensure you have a smart meter installed and honestly assess whether your household can realistically reduce usage during those crucial evening hours. The tariff is available to both new and existing EDF customers, offering flexibility for those ready to embrace smarter energy consumption.
