EDF Price changes - just switched to them :-(

zagfles

MillicentBystander wrote: »

Now if you had made it clear at the start that your theory was backed up by such incontrovertible facts and in-depth scientific research as that perhaps I would have been more reticent to challenge you, lol.

Well it's more scientific than your "there's no competition cos there are sometimes exit fees" :rotfl:

I'll carry on living under the illusion that I can save money by having a choice who I pay for my energy. You can go to the SWP site for the real truth

unwina

unwina wrote: »

I checked out my online s@ver 6 charges today and sure enough EDF have a new one OSv8 that seems to save me £44 using a couple of comparison sites.

I checked osv7 against osv8 and it seemed to save even more I was curious as I had checked osv7 against my osv6 and it was more expensive.

I decided to check direct with EDF so rang them up and it seems that osv6 im my region will be increasing as follows.

Elec 12.9%
Gas 13.7%

I plugged these increases and the osv7 and v8 values and sure enough the osv8 will save me about £44 on my increased osv6. I thought the headline increases were about 6.5 and 7.5% I guess that means that osv6 is increase to just below 2% of the standard perhaps to cream as much from those customers who don't notice.

Also osv8 is competing with the market headliners, in my case only scottish pwr is slightly better than osv8, £4 approx.

So I just changed over to osv8 today. I'm sort of happy with edf as long as they have a competive product that I can switch to if I so wish.

I'm guessing that there are some osv7 and osv6 who would have less of an increase to allow the average to be much lower than mine.

Hope this helps
Alan

edited: it seems that osv7 is not changing with the increases according to energyhelpline site, it was dearer than osv6 but after price changes it will be slightly cheaper than osv8 for my region. unfortunaetly i could not switch to that. my loss unfortunately. The only real way to check is to do the comparison your self.

I performed all the above yesterday afternoon checking osv6/7/8 all side by side after collecting the data from a couple of comparison sites. All were relative to my region (Eastern), which was the cheapest until osv8 where they are now the second cheapest.

All of them have the latest prices, since I could not easily correlate the info against my prices in my last bill (osv6) I rang EDF on their main sales line. The person their quoted the 2nd march increase percentages for both fuels for osv6 and stated that all prices were increasing except osv8 which were already being advertised with latest prices. This is born out by the results in the two comparison sites I used. She also stated that any contract change would not invoke the termination penalties as long as I did not leave EDF.

I have been with EDF since Dual Fuel Version 5 ( not osv5) and have switched to online v5, osv5, and osv6 as they became cheaper since moving to EDF from Scotpwr in mid 2009. I intend to stay with EDF until they are no longer cheaper for me. At present only one is cheaper at £4 better than EDF 0sv8 that I have just switched to.

Over the past 2 years my experience has been that EDF has been consistently at the cheap end of the main players every time I have checked it. I usually check every 2/3 months and especially when increases and decreases are occuring. I never usually switch without making sure that the market has stabilised. I'm guessing they are clued in about switchers and are helping savvy ones to stay with them.

Hope that helps and clarifies some of my earlier comments.


Alan.

jack_spratt_2

zagfles wrote: »

Over the last 20 years UK energy prices have been generally much lower than European countries with a state monopoly.

When companies charge around the same price for a product its called a cartel and this is what we have got within the energy industry apart from the fact of the importance of future planning to meet our energy needs .
Selling off the utilities meant that instead of the profits being reinvested into securing our future energy supplies it goes to the shareholders so a lot less investment is made into that area but I am sure we do not want to turn this into a political thread .

Thanks energy99 for trying to clear up the new price structure within EDF

zagfles

jack_spratt wrote: »

When companies charge around the same price for a product its called a cartel and this is what we have got within the energy industry apart from the fact of the importance of future planning to meet our energy needs .
Selling off the utilities meant that instead of the profits being reinvested into securing our future energy supplies it goes to the shareholders so a lot less investment is made into that area but I am sure we do not want to turn this into a political thread .

Thanks energy99 for trying to clear up the new price structure within EDF

They don't charge "around the same price", even though you'd expect them to as their underlying costs must be around the same. I've made major savings by switching every so often.

If you don't want "to turn this into a political thread" why did you start wittering on about privatisation? It's you and Millie Tant who are turning this into a political thread by trying to stir up some pointless discussion about whether what happened over 20 years ago was a good idea or not. May as well discuss the corn laws...

I'm interested in modern day money saving like any deluded capitalist should be. So I'll ignore any further posts which aren't about that

jack_spratt_2

zagfles wrote: »

The point is that before before all this competition was introduced you would have had no choice but to be with British Gas for your gas. You seemed to object getting given a choice.

Of course the cheapest deal changes, just like the cheapest supermarket changes, so what? That's the whole point of competition.

I believe that you actually brought up the subject with the above post !

In a truly competitive market with companies controlling costs with staffing levels and agreeing purchasing deals the difference would be greater than you get on price comparison sites .

MillicentBystander

zagfles wrote: »

Well it's more scientific than your "there's no competition cos there are sometimes exit fees" :rotfl:

I'll carry on living under the illusion that I can save money by having a choice who I pay for my energy. You can go to the SWP site for the real truth

Is it? How? And :rotfl: doesn't really count as backing up your argument.


PS You seem to want to accuse other posters of bringing a political agenda into this thread when in actual fact the chief 'culprit' here is you.

zagfles

jack_spratt wrote: »

I believe that you actually brought up the subject with the above post !

In a truly competitive market with companies controlling costs with staffing levels and agreeing purchasing deals the difference would be greater than you get on price comparison sites .

You believe wrong. See who started ranting about Maggie and all them nasty forriners coming over here and taking all our energy and letting us have an alternative to British Gas.

Anyway, re your second point I have found that the price differential in energy similar to other competitive markets like supermarkets etc - perhaps a bit less so but then that's hardly surprising as there is far less competition for the underlying raw materials and no competition at all for distribution (national grid or, erm...)

Still well worth shopping around, which I do on a regular basis, and why I'm reading forums such as this. Wonder why you and Millie are here if you don't think there's any real competition?

jack_spratt_2

I have no complaint about foreign companies buying companies that are quoted on the stock exchange but I do have a complaint that an essential services such as utilities, rail networks etc being sold off .

The truth is in Britain customers are charged what the market will pay not what the product costs that is why we are called rip off Britain

Guys_Dad

Beware if EDF move you to Online Energy Saver 8 from v.7 "It's the same, sir!"

Well there is one big difference you need to check. The new v.8 runs till March 2012, whereas v.7 ran till the end of 2011. There is a £30 cancellation fee for each service and you need to be careful you are not tied in for another 3 months.