EDF has launched a new tracker tariff £50 below Ofgem's price cap, providing peace of mind that what customers pay for their energy is guaranteed to beat the cap.

EDF Ensure is a unique one-year, fixed-term tracker tariff with a £25 per fuel discount applied through standing charges, the fixed daily charges levied on customers’ bills, which covers the fixed cost of supplying electricity and gas to homes.

By discounting standing charges as opposed to the unit rates, all EDF customers who sign-up to Ensure will see the same financial benefit, even if they are low energy consumers or on a Pay As You Go meter.

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The tariff will launch discounted against the 1st July price cap level, offering an annual average cost of £1,518 until the next Ofgem price cap change on 1st October.

Rich Hughes Director of Retail at EDF, said: "While the price cap will come down from July, it is expected to increase once again this Winter. Our new tariff will guarantee that customers who have already cut back or made changes to improve energy efficiency will pay proportionately less.

"Standing charges have increased significantly over the previous couple of years and this new tariff is another way we are helping customers save cash and carbon."