EDF New tariif

jalexa

purplestar133 wrote: »

Sorry, what does 'deferred discount' mean?

"Deferred discount":eek: is a type of discount commonly found on direct debit tariffs from NPower and First Utility. The discount is included the comparison but is not earned until (typically) 12 months elapses (or 12 direct debits paid). If you switch away before the discount is earned you forfeit the whole discount for an incomplete 12 month period.

Scottish Power (and Edf) tariffs typically do not feature "deferred discount":eek:.

BargainMad_3

That's just it with nPower.

You get a £100 discount for paying by Direct Debit but you have to earn it by making 12 direct debit payments over a 12 month period. Only then is it applied to the account as a credit. So yes, it is certainly a deferred discount for a year.

EDF will probably preclude this £100 in their calculations as it is not on a par with their own direct debit discount. EDF actually discounts the unit prices on your bills as long as you are on Direct Debit.

Equally if the "fix" dates are not comparable, EDF will again probably preclude tariffs as they are not essentially like for like.


Price alerts will therefore depend on how accommodating EDF are in their comparisons. I will see what kind of alerts I get as new tariffs are launched.

wakeupalarm

Its all smoke and mirrors with EDF, upto £52 a year more and they try to market it as some kind of super deal.

Consumerist

wakeupalarm wrote: »

Its all smoke and mirrors with EDF, upto £52 a year more and they try to market it as some kind of super deal.

For what it's worth, I don't think that EDF will ever need to alert its customers to a cheaper tariff.

If, as seems likely to me, energy prices generally increase again for next winter, it is inconceivable that any competitors new tariffs will be cheaper than EDF's current Blue tariff which is fixed at the current rates.

My advice - ignore the prospect of any alerts of cheaper prices - EDF knows they will never be needed.

moneyfiend

BargainMad wrote: »

Yes I have also found my comparison for nPower gofix 11 comes up £138 cheaper than my edf Blue.

From what I understand edf Blue has to notify you when a new tariff is launched that is £52 a year cheaper.


As gofix 11 is not new, they won't compare it yet - lucky for them.


But gofix 12 will be here soon and so that will prove very interesting.

if you go to edfenergy.com/pricepromisealert it will indeed tell you that npower gofix 11 is cheaper based on your consumption. there's no trickery it is completely transparent

jalexa

moneyfiend wrote: »

if you go to edfenergy.com/pricepromisealert it will indeed tell you that npower gofix 11 is cheaper based on your consumption. there's no trickery it is completely transparent

How can you say that? BargainMad hasn't specified a supply region.

For most supply regions GoFix is indeed cheaper but not £52 cheaper at "typical" consumption so isn't captured by the Price Promise. Hardly "completely transparent".

And have you any answer to my post elsewhere about the Edf website "Quick Quote" issue?

BargainMad_3

I think nPower launch a go fix product every few weeks so go fix 12 will be with us shortly.

I will then see what the comparisons are and wait to see if any new tariff "alert" comes from EDF. It should prove interesting.

To me an alert is a proactive way of telling me EDF are not the cheapest - and even then they select £52 as a threshold. But the question is will they also use other criteria to prevent a comparison i.e. preclude the way nPower give the direct debit discount or claim it is not "like for like" because of the fix dates.

A comparison chart, even on the edf website, which highlights a difference is not proactive as it needs the customer to input the details.

MillicentBystander

Is this price promise based on a punter's actual usage or the average consumption figures as provided by OFGEM?

jalexa

MillicentBystander wrote: »

Is this price promise based on a punter's actual usage or the average consumption figures as provided by OFGEM?

The Edf website comparison can be "personalised" to a projected annual consumption in excess of "typical". For consumption significantly in excess of "average" a few tariffs are currently captured.

The tracking "Price Promise" however is clearly predicated on "typical" consumption of 16,500 gas and 3,300 electric and will not capture tariffs (currently several) where the saving is less than £52 at "average" consumption.

Neither will it capture a "better value" tariff offering an extended fixed period.

IMO, not at all "completely transparent" as claimed by Edf moneyfiend.

MillicentBystander

Like has been stated before - smoke and mirrors. And.....

IT'S EDF!! :eek::eek: