Am I missing something?

mountainofdebt

As mentioned on a previous post, I am currently on EON fixonline V3 which is coming to an end on wednesday

One of the results that offered the most saving was EDF's online v7 plan but I posted that I was tempted by their fixed until 2015 offer.

My current prices are :

Electric : 24.234p/kWh and then 10.259p/kWh
Gas: 6.525 p/kWh and then 3.407p/kWh

Fixed until 2015 prices are:

Electric: 21.20pp/kWH and then 11.70 p/kWH
Gas : 7.666 p/kWH and then 3.346p KhW

This seems a good deal to me and the only clause is that there cancellation fees until 2013 ......

Can anyone see anything wrong with this plan

http://www2.savetodaysavetomorrow.com/Fixed_Price_2015.html

thanks!

brewerdave

Its a gamble - it would cost me ~ £330 pa (~30%) more than my current deal (and about £260 pa if I was still on Fixonline v3)- so do you believe that shorter term tariffs are going to rise sufficiently in the next 4+ years to make paying the premium worthwhile now???