EDF Price Decrease...

OlyL

Im with EDF on one of their fixed tariffs, fix 2012 or something along those lines. Obviously with the proce decreases i want a better deal but this tariff has an early exit fee per fuel.

I might have my wires crossed but i saw an item on watchdog about price rises with energy companies, and i think i remember seeing something about if you were on a fixed term tariff and there was a price rise you had 28 days to cancel your account without any charges.

Now i also remember seeing on watchdog that alot of people had alot of trouble with this, so if i am correct, is it worth doing?

Like i say, i might have my wires corssed and have seen something completey different, but any info would be a big help.

OlyL

anybody????

TIMMY85

Customers on variable tariffs are able to change supplier without penalty after a price increase as the terms have been changed.
Customers on a fixed price tariff are unaffected by price changes and would face an early cancellation fee. Fixing your price is like fixing mortgage rates etc...gives protection if rates increase but no drop if they fall.

jalexa

OlyL wrote: »

I might have my wires crossed but i saw an item on watchdog about price rises with energy companies, and i think i remember seeing something about if you were on a fixed term tariff and there was a price rise you had 28 days to cancel your account without any charges.

Well yes but I think you are on a fixed price fixed term tariff. That type of tariff is not affected by the decrease. Nor would it have been affected by an increase.

Some people are on a fixed term "guaranteed (minimum) discount" tariff and in the case of an increase can use the "get-out" you mention. These tariffs *may* be subject to a decrease subject to the tariff "initial" discount having been less than the decrease.

OlyL

jalexa wrote: »

Well yes but I think you are on a fixed price fixed term tariff. That type of tariff is not affected by the decrease. Nor would it have been affected by an increase.

Some people are on a fixed term "guaranteed (minimum) discount" tariff and in the case of an increase can use the "get-out" you mention. These tariffs *may* be subject to a decrease subject to the tariff "initial" discount having been less than the decrease.

yeah im on a fixed price fixed term tariff, fixed until this xmas. i see what your saying.

i dont think ive explained myself properly reading back. im suire i saw something on watchdog which meant if energy companies increased or decreased the price there was something in your statutory rights maybe? or something along lines which meant if t&cs or prices changed you could change or cancel without penalty.

i remember something similar happening with orange when they changed their prices some years back you could cancel your contract without penalty

Gerrard_8_lfc

OlyL wrote: »

i dont think ive explained myself properly reading back. im suire i saw something on watchdog which meant if energy companies increased or decreased the price there was something in your statutory rights maybe? or something along lines which meant if t&cs or prices changed you could change or cancel without penalty.

Your prices are fixed will not go up & will not come down, You took a gamble maybe not the best choice however your locked in if you want up you will have to pay thats the bottom line.

Question answered close thread. :cool:

OlyL

Gerrard_8_lfc wrote: »

Your prices are fixed will not go up & will not come down, You took a gamble maybe not the best choice however your locked in if you want up you will have to pay thats the bottom line.

Question answered close thread. :cool:

not really though is it. last thing im going to do is take advice from a liverpool fan from edinburgh. no thanks :cool:

HalloweenJack

he is correct , you are paying a fixed rate prer kwh of your energy , is fixed against price increases , but also against the minor decreases we have recently , remember energy went UP by 18%+ last year , so a 5% drop is not alot..

im also on a fixed contract and even with the small decrease , im still paying less