EDF cuts electricity prices by up to 12.5% (8.8% average)

norfolkshops

i say lets get this goverment out and send in the northerners

Wolves

can someone post the link to the part of there site that shows these regional decreases pls ?

Vestra

Wolves wrote: »

can someone post the link to the part of there site that shows these regional decreases pls ?

http://www.edfenergy.com/media-centre/press-news/EDF-Energy-electricity-price-cut.shtml

storminbalder

colinw wrote: »

I think they will be saying bye bye to me soon. How do these energy companies get away with it? How the hell does it not apply to the North? Does our energy come from somewhere else? Energy has dropped a lot since the massive rises last year. All they say is they are competative with other companies who are also overcharging. Government does **** all about it.:mad:

It's not true that the government hasn't acted.

They did in the 1980's and 90's when they privatised them. Very popular as the time. Unsurprisingly less popular now.

Thanks Thatch (and the greedy scum that bought the shares).

It amazes me that it tends to be the exact same people who complain the loudest now, that were more than happy to partcipate in Thatchers privatisation greed programme then.

Premier_2

This has to be one of the biggest marketing spins ever :mad:

A headline grabbing 12.5% reduction :rolleyes:

The truth being:

• The reduction only applies to electricity - gas is not being reduced at all
• The headline grabbing reduction of 12.5% is only available in 1 region (South Wales)
• London & the South East (which has a higher density population any other area of the UK) will only see reductions to their electricty bills of between 4.5% and 5.5%
• 50% of all the regions will see no reduction whatsoever for gas or electricity :eek:

(discounts quoted also only apply to customers on the standard tariff - but thats a common way of quoting such discounts throughout the energy industry)

With actual figures like that, it makes one wonder how the magical figure of an average saving of 8.8% was arrived at
Perhaps it's an average of 8.8% reduction for those customers lucky enough to see any reduction at all :rolleyes:


Marketing Effort: A
Attainment: E+
(well there is a nominal discount for a few, else there wouldn't even be a + on that E)

colinw

Premier wrote: »

This has to be one of the biggest marketing spins ever :mad:

A headline grabbing 12.5% reduction :rolleyes:

The truth being:

• The reduction only applies to electricity - gas is not being reduced at all
• The headline grabbing reduction of 12.5% is only available in 1 region (South Wales)
• London & the South East (which has a higher density population any other area of the UK) will only see reductions to their electricty bills of between 4.5% and 5.5%
• 50% of all the regions will see no reduction whatsoever for gas or electricity :eek:

(discounts quoted also only apply to customers on the standard tariff - but thats a common way of quoting such discounts throughout the energy industry)

With actual figures like that, it makes one wonder how the magical figure of an average saving of 8.8% was arrived at
Perhaps it's an average of 8.8% reduction for those customers lucky enough to see any reduction at all :rolleyes:


Marketing Effort: A
Attainment: E+
(well there is a nominal discount for a few, else there wouldn't even be a + on that E)

It is so cynical that I would now like to move away from the lying ********. Just need to find someone cheaper. I suppose I will need to wait for the market to settle down. By that I mean wait for the whole cartel to make their nominal cuts.

1carminestocky

What did you expect? They are majority owned by the French Government....aren't they?

filmnoir

Premier wrote: »

• London & the South East (which has a higher density population any other area of the UK) will only see reductions to their electricty bills of between 4.5% and 5.5%
• 50% of all the regions will see no reduction whatsoever for gas or electricity :eek:

Part of the reason is that EDF Networks own the distribution arm within London and South East so can reduce prices further. In the other areas of the Country they don't own the distribution Network so therefore magins can't be reduced on electrtcity. Distribution charges are a main part of the regional price differences.

Also don't forget what the OFGEM paper said, in patch suppliers were deemed to be charging more in their old PES regions. So one way you could look at it is they are reducing this before OFGEM adds it to the supplier license. (One thing they are looking at is between region prices to have a max an min and a range between the prices that must be adherred to.)

For example EDF are still the cheapest for me in my region midlands, the most expensive npower (Old MEB) and still is.

norfolkshops

filmnoir wrote: »

Part of the reason is that EDF Networks own the distribution arm within London and South East so can reduce prices further. In the other areas of the Country they don't own the distribution Network so therefore magins can't be reduced on electrtcity. Distribution charges are a main part of the regional price differences.

Also don't forget what the OFGEM paper said, in patch suppliers were deemed to be charging more in their old PES regions. So one way you could look at it is they are reducing this before OFGEM adds it to the supplier license. (One thing they are looking at is between region prices to have a max an min and a range between the prices that must be adherred to.)



For example EDF are still the cheapest for me in my region midlands, the most expensive npower (Old MEB) and still is.

is this an advert 4 them lol

Premier_2

filmnoir wrote: »

Part of the reason is that EDF Networks own the distribution arm within London and South East so can reduce prices further. In the other areas of the Country they don't own the distribution Network so therefore magins can't be reduced on electrtcity. Distribution charges are a main part of the regional price differences.

Also don't forget what the OFGEM paper said, in patch suppliers were deemed to be charging more in their old PES regions. So one way you could look at it is they are reducing this before OFGEM adds it to the supplier license. (One thing they are looking at is between region prices to have a max an min and a range between the prices that must be adherred to.)

For example EDF are still the cheapest for me in my region midlands, the most expensive npower (Old MEB) and still is.

Have the pricing restrictions been removed now for the legacy suppliers in their own regions?

Were there any in the first place? Or am I confusing myself with the gas market?