From February 1, individuals will experience an average increase of 10% in their bill. But not everyone will be in the same boat. Households having chosen the off-peak option will see their bill increase by 9.8% compared to 8.6% for those on the basic rate.
Hard blow for individuals’ energy bills. From February 1, electricity prices will skyrocket. And the increase will not be the same for everyone. For example, subscribers to EDF’s sales regulation tariff (TRV) with the off-peak/peak hours option will see an increase of 9.8%, while those with the basic offer will experience an increase of 8.6%. %.
The question therefore arises: is it still wise to shift your electricity consumption to reduce your bill with the off-peak hours option? If this option, chosen by more than 9 million EDF customers, makes it possible to reduce the cost of the kilowatt hour during off-peak hours, it can turn out to be more expensive due to its higher monthly subscription and its more expensive peak hour rate. The base rate subscription is 15.63 euros per month for a 9 kWA meter at the base rate compared to 16.55 euros during off-peak hours. As for the price, it is 0.2276 euros per KWh in base compared to 0.1828 euros during off-peak hours, but 0.2460 euros during peak hours.
Electricity prices: why the price of the off-peak option will explode on February 1
As a result, the off-peak option is advantageous for those who can use electricity-hungry appliances (such as washing machines, dryers, dishwashers) during off-peak hours, generally in the evening and at night.
An option that often costs more
According to Benoit Lamberti, BtoC marketing & customer experience director at EDF, interviewed by Our time, it is particularly relevant for users of electric hot water tanks, electric cars, storage heaters, or swimming pools, which can operate efficiently during these periods. However, for those who do not have this equipment, this option may cost more than the basic subscription, given the higher costs of the subscription and the kilowatt hour during peak hours.
Electricity: the tip to avoid the new increase in the EDF regulated tariff on your bill
Pierre Jolivet from Ecojoko recommends a simple calculation to evaluate the effectiveness of this option: having more than 30% of your electricity consumption in off-peak hours makes the peak/off-peak hours subscription advantageous.
According to a 2020 Octopus Energy (formerly Plum) survey, around 85% of subscribers lose money with this contract. Adeline Jubert, director of the daily expenses division at Meilleurtaux, emphasizes that this contract is only relevant if at least 50% of the electricity is consumed during off-peak hours.
Mathieu BRUCKMULLER
After a master’s degree in social law in Rennes and a third cycle in economic and social information at Paris-Dauphine, Mathieu Bruckmller… Read more
MoneyVox / MB / January 2024