Blue +Price Promise April 2014

MEMBER02

anyone got any advice,im currently on edf Blue +Price Promise April 2014 im wondering if i should ditch that tariff and switch now to the edf march 2017 tariff?its around £350 per year more expensive than the tariff im on now,but this tariff will end in april.

Quentin

You paid a premium so that you could hold your prices.

You will see the value of that premium throughout this winter.

You won't if you switch now!

MillicentBystander

This is the problem with fixed deals I guess because you DO pay a premium at first and if you DO transfer away early (even in the absence of exit fees) you are negating the 'savings' that the fixed deal potentially delivers, which is obviously later on in the deal. But on the flip side wait until the Winter is over and I strongly suspect any fixed deal will be considerably more expensive than those being offered now. It's a bit of dilemma I guess.

MEMBER02

MillicentBystander wrote: »

This is the problem with fixed deals I guess because you DO pay a premium at first and if you DO transfer away early (even in the absence of exit fees) you are negating the 'savings' that the fixed deal potentially delivers, which is obviously later on in the deal. But on the flip side wait until the Winter is over and I strongly suspect any fixed deal will be considerably more expensive than those being offered now. It's a bit of dilemma I guess.

thanks,thats the dilema im in,do i switch now and lose around 6 months cheaper energy,or switch now and be about £175 worse off until april(tariff is £350 more per year under 2017 tariff)but at least ill have no more increases til 2017.decisions decisions lol

Quentin

Check sp 2015 March fix. Not v2.

It looks similar and maybe better to your current tsriff.

Lasts for 2 winters and cashback for switching.

macman

MEMBER02 wrote: »

thanks,thats the dilema im in,do i switch now and lose around 6 months cheaper energy,or switch now and be about £175 worse off until april(tariff is £350 more per year under 2017 tariff)but at least ill have no more increases til 2017.decisions decisions lol

No one knows. If we did, we'd all jump the same way. If you can afford the extra £175 and want the insurance, then switch. If not, then don't. All you are doing is paying a premium to lock in at a certain rate.

MEMBER02

macman wrote: »

No one knows. If we did, we'd all jump the same way. If you can afford the extra £175 and want the insurance, then switch. If not, then don't. All you are doing is paying a premium to lock in at a certain rate.

yea tnx for advice,i think best way is to compare against the best priced standard tariff now bearing in mind this tariff is going to rise by around 10%and more in following months/years and the £!75 im guaranteed to lose by switching now.

Nada666

You wouldn't be £175 to April - you'd be £250 or £275 worse off this winter (unless you have your heating on for months on end or your electricity mix is unduly high.)

Chances of fixes remaining in April being £525 per year more expensive is pretty low - though your £350 does seem to be rather high - have you double-checked that figure?

Nada666

If you are using that amount then make sure you also check prices of single fuels from separate suppliers.

macman

MEMBER02 wrote: »

yea tnx for advice,i think best way is to compare against the best priced standard tariff now bearing in mind this tariff is going to rise by around 10%and more in following months/years and the £!75 im guaranteed to lose by switching now.

No, compare against the best price variable tariff. Standard is always going to be the most expensive.

MEMBER02

Nada666 wrote: »

You wouldn't be £175 to April - you'd be £250 or £275 worse off this winter (unless you have your heating on for months on end or your electricity mix is unduly high.)

Chances of fixes remaining in April being £525 per year more expensive is pretty low - though your £350 does seem to be rather high - have you double-checked that figure?

The £350 is the increase in my tariff per year if i switch to the edf fix 2017 ,at the moment im using around £1200 gas&elecy each year if i switch cost will be £1550 per year