Energy costs have surged, with households witnessing up to a 22% increase in electricity bills at the start of 2024. However, a 14% reduction in kWh prices is set to begin on February 1, benefiting most French households. EDF’s Zen Fixe offer allows customers to lock in a fixed rate for two years, promising savings over the regulated tariff, but it may not reflect the upcoming price drop. Careful comparison of available plans is advised, especially with new competitive offers from other suppliers.
Rising Energy Costs and Upcoming Reductions
In recent years, energy prices have steadily climbed, affecting not only the fuel for traditional vehicles but also electricity rates. Notably, at the beginning of 2024, many households experienced a shocking increase of up to 22% in their electricity bills!
However, relief is on the horizon. Starting February 1st, there will be an approximate 14% reduction in the price of kWh. This reduction will specifically impact regulated tariffs (TRV) and is made possible by a controlled increase in taxes, which exceeds prior expectations set by the government before its dissolution. This is encouraging news for the majority of French households, as 76% currently opt for this tariff.
Exploring the Zen Fixe Offer from EDF
Additonally, EDF has introduced a new offer that promises to help consumers save substantially on their electricity costs. This offer, available on their website, allows customers to lock in a fixed price for the kWh excluding tax for a two-year period. Known as Zen Fixe, this plan reportedly offers savings of around 20% compared to the regulated tariff effective from February 1, 2024.
Under this offer, customers will be charged 17.53 cents per kWh at a base rate with a power capacity of 3 kVA. This offer has been available since January 1st. If you opt for the off-peak pricing, charges drop to 14.56 cents per kWh during those hours, while peak hours will cost 18.76 cents for a 6 kVA contract.
For comparison, EDF’s previous offer had a base rate of 20.64 cents per kWh including tax, making the new option appear more attractive. However, it’s crucial to carefully consider all aspects before making a decision. Although the discount looks appealing, it may not be as beneficial as it seems.
Currently, the base option at EDF is priced at 25.16 cents per kWh for those not subscribed to the Zen Fixe plan, making the latter seem particularly enticing. Nevertheless, the fixed pricing nature of the Zen Fixe offer means that you will miss out on the upcoming reduction on February 1st. While this option provides security against potential price hikes, the current trend indicates a downward trajectory.
Additionally, since the Zen Fixe rate is below the regulated tariff, it cannot be adjusted to reflect this upcoming decrease. This may lead to costs that are higher than if you had not subscribed at all. The offer is valid for two years but can be canceled at any time without penalties, giving you flexibility if your needs change.
It’s also essential to note that the subscription fee has increased in 2024, now set at 9.69 euros per month for the most basic plan. Before committing, take the time to compare the various options available, especially since other suppliers, such as Mint Energy and Octopus Energy, have recently launched competitive offers. Both of these companies provide 100% French and renewable electricity, which can be an important consideration for environmentally conscious consumers.
To make an informed choice, consider using our electricity offer comparator, designed to help you find the best deal and lower your energy expenses.