EDF Blue 2014->2017 (A different question!)

alanwsg

Yes, I know there's already been twenty threads about this so far, but in the latest MSE Email I spotted the following quite ...

Q. My fix is ending soon (eg, Jan or March 2014) should I ditch & refix?
A. Without a crystal ball, it's impossible to know. So here's my best guess.

No exit penalties (eg, EDF Blue): As it takes 2 mths to actually switch over, you'll hardly have any time left on your cheap fix, so there's little problem.

Is this still true if you switch within the same company, i,e, from EDF Blue+2014 to 2017?

If so, this would start to look quite attractive to me, sort of like "Reserving" the new tariff for use in 2 months time.
However, I suspect that EDF would immediately put you on the more expensive tariff.

moggy12

hi have gone from edf april 2014 to edf nov 2016 fixed tariff did it online new tariff started seven days later so no if you stay with edf

mjmal51

alanwsg wrote: »

Yes, I know there's already been twenty threads about this so far, but in the latest MSE Email I spotted the following quite ...

Is this still true if you switch within the same company, i,e, from EDF Blue+2014 to 2017?

If so, this would start to look quite attractive to me, sort of like "Reserving" the new tariff for use in 2 months time.
However, I suspect that EDF would immediately put you on the more expensive tariff.

I too had the same query about the MSE email so just phoned EDF and the answer is that the switch would be immediate.

slipthru

Am i missing something? it was £251 a year more for 2017 fix.

mjmal51

slipthru wrote: »

Am i missing something? it was £251 a year more for 2017 fix.

From other posts people are now weighing up the option of the 4 winters freeze despite being more expensive now, there are many variables to be considered. One thing for sure is that when the March or April 2014 finishes there will be a rise in the region of £120 to be taken into account.
No easy answer to the problem, majority view is keep the low price for this winter and worry next year.

Bark01

One thing to take into account is although prices are due to keep increasing for at least the next 5 years, if green taxes are removed there would be an almost instant drop of ~£150.

alanwsg

Bark01 wrote: »

One thing to take into account is although prices are due to keep increasing for at least the next 5 years, if green taxes are removed there would be an almost instant drop of ~£150.

I'm not sure that's worth taking into account, I think the chances of green taxes being removed are somewhere between slim & zero. Quite a lot closer to zero than slim.

Or maybe you have some inside knowledge?

Buzby

slipthru wrote: »

Am i missing something? it was £251 a year more for 2017 fix.

Nope - I saw that too and wondered, deciding not to go further then a year. .

slipthru

Glad i'm not a lone ranger on this one.

According to the comparison site EDF standard variable rate was £172 more a year than i'm currently paying, I may have been more inclined to fix had I been paying that much as its not to much of a hike.

But i'm of the mind that i'd rather enjoy one last winter with heating. << being a tad dramatic maybe

NittyGritty

slipthru wrote: »

Am i missing something? it was £251 a year more for 2017 fix.

assuming your on a fix deal or a variable deal which ends sometime this year or early next year, the new tariff will cost you more than likely well over £100+ extra due to pending price hikes this winter. its a gamble, if prices continue to rise as predicted then long term fixes will prob work out cheaper over the 4 years, considering short term fixes will add £100+ each year as each and every new tariff is yet another price hike.

NittyGritty

Bark01 wrote: »

One thing to take into account is although prices are due to keep increasing for at least the next 5 years, if green taxes are removed there would be an almost instant drop of ~£150.

I think theres more chance of vat being cut/removed than them removing green tax, no doubt they will have to come up with something to counter labours promise of freezing energy