EDF New tariif

purplestar133

I have been doing some comparisons as my current deal with Scottish Power is coming to an end (online energy saver 13). I have compared prices against the new deal Scottish Power are offering (online energy saver 18) and the new EDF Blue price promise comes up top (apart from some smaller named network marketing providers that I won't choose).

EDF only beats Scottish Power by £15-20. Taking as a guide the fact that EDF will only notify you when competitors offer prices that will save you more than £52, do you think it's not worth bothering switching for £15-20?

There's a fixed deal from Scottish Power that comes up just below EDF so I suppose I could choose that seeing as feedback for EDF seems to be quite negative on here?!

Consumerist

purplestar133 wrote: »

IEDF only beats Scottish Power by £15-20. Taking as a guide the fact that EDF will only notify you when competitors offer prices that will save you more than £52, do you think it's not worth bothering switching for £15-20?

The one advantage to this tariff, as I see it, is that prices are fixed but you can switch without penalty. This tariff might be suitable just as a wait-and-see option.

purplestar133

Consumerist wrote: »

The one advantage to this tariff, as I see it, is that prices are fixed but you can switch without penalty. This tariff might be suitable just as a wait-and-see option.

Yes, I wondered about that, as a sort of tide me over until something better comes along...

Consumerist

I don't have a crystal ball but my gut feeling is that next winter will see another bout of energy price increases but the EDF tariff covers you till the following September. I reckon it's worth consideration on that basis too.

purplestar133

Consumerist wrote: »

I don't have a crystal ball but my gut feeling is that next winter will see another bout of energy price increases but the EDF tariff covers you till the following September. I reckon it's worth consideration on that basis too.

Ahh, you must have just altered your post to read September just as I was posting 'er, may?'!

Consumerist

purplestar133 wrote: »

Ahh, you must have just altered your post to read September just as I was posting 'er, may?'!

Sorry about that - too many tariffs buzzing around my head. It's hard to keep up sometimes.

purplestar133

Consumerist wrote: »

Sorry about that - too many tariffs buzzing around my head. It's hard to keep up sometimes.

No problem! I'm the same...that's often why I come on here and ask basic (stupid) questions - helps it get it straight in my head!

jalexa

purplestar133 wrote: »

EDF only beats Scottish Power by £15-20. Taking as a guide the fact that EDF will only notify you when competitors offer prices that will save you more than £52, do you think it's not worth bothering switching for £15-20?

There's a fixed deal from Scottish Power that comes up just below EDF so I suppose I could choose that seeing as feedback for EDF seems to be quite negative on here?!

Indeed. You cannot employ "wait and see" if you are comparing "fixed price". I'll repeat something I mentioned earlier (no not that "savings" less than £52 won't be captured) but specifically that fixed price offers extending beyond Blue maturity won't be captured:( if, (likely for an extended fix), the saving is less than £52.

FWIW my advice is always to seriously consider fixed price extending fully over the next winter period. Blue is not that "bad", it's not "deferred discount":eek: unlike two cheaper tariffs from the usual suspects, but in a couple of regions checked at random a Scottish Power fixed price offer beats Blue on price.

But you wouldn't know that if you rely on the Edf website. Better to make the decision using a Consumer Focus accredited comparison website.

purplestar133

jalexa wrote: »

Indeed. You cannot employ "wait and see" if you are comparing "fixed price". I'll repeat something I mentioned earlier (no not that "savings" less than £52 won't be captured) but specifically that fixed price offers extending beyond Blue maturity won't be captured:( if, (likely for an extended fix), the saving is less than £52.

FWIW my advice is always to seriously consider fixed price extending fully over the next winter period. Blue is not that "bad", it's not "deferred discount":eek: unlike two cheaper tariffs from the usual suspects, but in a couple of regions checked at random a Scottish Power fixed price offer beats Blue on price.

But you wouldn't know that if you rely on the Edf website. Better to make the decision using a Consumer Focus accredited comparison website.

Sorry, what does 'deferred discount' mean? The Scottish Power fix I'm looking at lasts until July, so not as long as EDF but I'm leaning toward it as it wouldn't (hopefully) require too much trouble as they are my current provider (and it does still cover winter). I'm not usually put off by 'hassle' but feedback about EDF seems to suggest there's a high probability I would encounter mistakes and problems during the switch...which does put me off for the sake of a few pounds and 2 extra months price hike free. Not like me at all!

BargainMad_3

I am still satisfied that my internal switch over to EDF Blue is the right thing to do AT THE MOMENT. But if I was a totally new customer to EDF, I don't think it would be as attractive given that other provider tariffs beat it.


Yet as it stands I am still free to move without a penalty, I am getting slightly lower bills than on their variable rates and it is, after all, a fixed product.


But I will be interested to see what happens when, say, go fix 12 is launched by nPower. Either

(1) EDF will notify me that it is over £52 cheaper or

(2) They will use their own criteria for not alerting me i.e. periods of fix are different, direct debit discount precluded etc.


Either way I can soon check how much cheaper it is on a comparison site. It's just a case of how proactive EDF will actually be in sending their alerts.