EDF Online S@ver 7

shaftingham

Right, I got the shocking (no pun intended) OS7 price hike letter today. My gas up 21% electricity 23.5%. Straight on the blower to them, can confirm NO PENALTY for switching to alternative EDF tariff, they tried flogging me OS10 and 2 which were slightly cheaper than my new hiked prices. When I asked if this offer is cheaper than OS7 only until the new tariff rises, she told me that it was ONLY OS7 that has increased! I cynically asked if this was due to EDF wanting to retrieve the £100 bill credits and £80 Quidco commissions they paid on it last Nov/Dec when the offer was live. She replied she 'didn'k know anything about company strategy' lol....So, July 14 onwards I am stuffed, because I cannot leave without £60 DF penalty being imposed, or £30 on each service.
I did find out though, that the penalty is not necessarily for 12 months minimum contract, but ceases when OS7 ends on 31 December this year. So if your switch to OS7 didn't complete until say Jan/feb this year even if you applied earlier, don't worry you are clear to switch as soon as new year 2012 arrives, penalty free.

I decided to stay as I am, because i have combined credit of £140 on the DF balance at the moment, and they won't review my DD until December when my annual review comes up, and I will be leaving them rest assured in the new year anyway. So, if my DD remains the same, the increases will be absorbed by the credit I've built up thus far.

I knew it was too good a tariff to be true, and so it has proven to be. THE ANNUAL SWITCHING MERRY-GO-ROUND CONTINUES...

HalloweenJack

actually no ; they didnt increase the tarrif in march - when they increased all the rest , so , we all have had an extra 2 1/2 months of being really very low prices - only those truely naive would think it would remain at being 50% cheaper than standard till december.

since march 1st , the edf standard rate has been 12.63p per unit , and until july 14th , were paying 8.96p per unit (seeboard area) on OS7 , so of course they were going to raise it , we`ve just been lucky for the extra 2 1/2 months and to clear the winter bills at a lower rate than everyone else with EDF.

me? i moved to fixed 2014 - after reeaping the benefit of the extra long cheaper OS7 , and the sheeple effect of price increases - have capped now for 3 more winters.

Gerrard_8_lfc

Ive been in talks with an EDF rep who contacted me via this site I am rather annoyed at the service im getting from EDF, nothing to do with the prices oS7 had great prices for me up until now, However Im trying to get them to drop the Cancellation charges and switch to SP's new deal as im assuming its prices will not increase in august.

We shall see.

chevalnoir

Hey guys, can you help me understand this, please, and help me decide whether to stay with Online S@ver v7 or move to Fixed S@ver v2, for example. Shaftingham expects rises of 21% and 23.5% (gas and electric).
How do you manage to work this out so confidently, given the increase in kW/h combined with decrease in daily charge? Plus, as I said, AFTER the increase if I compare my costs on Online s@aver v7 with Fixed S@ver v2 my gas kW/h will be slightly more expensive but the daily charge slightly cheaper; while elec kW/h will be slightly less expensive and daily charge slightly more expensive. There doesn't seem too much difference.
Added to this, when I look at the EDF site online s@aver v10 claims to save me about £20 a year, yet the standard monthly payment amount quoted is more than what I’m paying currently, while Fixed S@aver v2 is more expensive still.
I'd really appreciate a bit of advice on how to proceed from some of you more experienced moneysavingexperts!
Thanks.

macman

There isn't much difference at present-I just switched yesterday and it'll cost me about £20 more pa.
But the point of FSv2 is that it guarantees you no more increases until 30/9/12-by which time all the variable tariffs will (probably) have gone up again.
And remember that come the end of the year you'll have to move off OS7 anyway. What will the fixes cost then?
No one really knows-by fixing you are just buying an insurance policy. But at present FSv2 seems to be one with a very low premium, which is why I'm sure it'll be pulled very shortly.

HalloweenJack

in the first instance i went to energyhelpline , uswitch and simplyswitch and put my details in from my annual energy statements, and looked at the results it churned out ; then its down to choice , do you want the cheapest but potentially cost more or lock now? edf FSv2 is apparantly £40 a year cheaper than the new OS7 prices (for me in seeboard region) , and fixed 2014 is £120 more (bulk of that is electric)

but for me personally the deal maker is that as im council , were getting solar panels this year - so , looking at the numbers , we`ll be paying roughly what were paying now - for the next 3 years on fixed 2014

macman

Then it's a no-brainer (unless you think that prices may fall in the next 16 months).

chevalnoir

macman wrote: »

There isn't much difference at present-I just switched yesterday and it'll cost me about £20 more pa.
But the point of FSv2 is that it guarantees you no more increases until 30/9/12-by which time all the variable tariffs will (probably) have gone up again.
And remember that come the end of the year you'll have to move off OS7 anyway. What will the fixes cost then?
No one really knows-by fixing you are just buying an insurance policy. But at present FSv2 seems to be one with a very low premium, which is why I'm sure it'll be pulled very shortly.

Thanks, macman, for this.
What you say ties very much in with my hunch on the subject. If my calculations are reasonable, I figure the rise in the OS v7 tariff will add about £56 to my bills til the end of the year (and the end of OS v7). Switching to FS v2 will cost me another £12 or so on top of that up until 31 December. I guess by switching to FS v2 I'm hoping that the rate I'll be on up until end Sep '12 will be lower than whatever would follow OS v7. And that will be over the winter months Jan - March, so hopefully very worthwhile to be fixed over that period.
I've just spoken to EDF. They say there are no penalties for switching off OS v7 to another of their tariffs. Their system is currently down but I've been promised confirmation of that by email.
Cheers.

macman

You can just switch via your online account-once it's working again.

bluebaron

What happens if you reject the rise?