EDF fixed till April 2014

avocetgirl

Hi I'm on the fixed price promise till April 2014 but with all theses hikes going on I don't know if to fix till march 2015! What's everyone else think? Fixing till march 2015 doesn't look like it's going to cost me a lot more than I pay now! Or are people the whole hog and fix it till 2017?!? Just seems a long way away! :eek:

victor2

You'll get another winter on your current prices if you stay put. If you switch, you'll pay a bit more and will be in the same position this time next year.
EDF are already offering people on their fixed price tariff about to end the option of switching to a new one of their tariffs, by committing now, but staying on the current one until it ends. They've done this before, so there's every chance they'll do it again before the April 2014 tariff ends.
Of course, by then annual increases will have gone through and you probably won't be able to get the fix offered now, you can only guess at what the increases will be next year to establish whether you'll be worse off in comparison to switching now.
I'm on the same tariff and will get another winter at what are currently very favourable rates, before looking at what is available. Might regret it from a money saving point of view, but then again, might not.

brewerdave

I'm in the same boat as victor2...and after doing a bit of spreadsheet work have come to the same decision -stay on April 2014 tariff,keep the costs as low as possible for this Winter.....then bite the bullet in March..here's hoping that SSE'S recently announced increase is representative of the industry as a whole!!

thriftylass

Yes, 2017 is a long way and a lot more expensive. We were on a Sept 2014 fix and had just changed when a March 2015 fix came out with reduced prices to before and that now will cost us the same as the shorter fix so we just changed again (no exit fees and hassle with EDF) to two winters for the price we pay now.

brewerdave

For my usages -
EDF March 2015 vs April 2014 = +£176 pa

EDF March 2017 vs April 2014 = +£420 pa !!

#I'm still going to stick and take the risk that I will be able to fix next March for a couple of years at less than ~25% premium to current costs.