EDF New Direct Debit Price Confusing me!

AVENUE

I'm kind of confused by EDF's pricing now. I've just received their confirmation that they will switch me from the fixed May 2014 to the Fixed June 2015 Blue+price promise on 1st May.


However despite the 2015 Tariff being higher than the 2014 Tariff they are reducing my initial direct Debit? They had already reduced my 2014 direct debits from £70 pm to £61 pm as I had a little credit on the account of £54. But now they say my first payment on the new tariff will be £59 pm (Gas £29 & Elec £30)!


My annual usage has been fairly consistent and lower than average. Last years figures were.


2,589 kwh Elec x 11.37p = £294.37
365 days Elec Standing charge x 14.00p = £51.10
10,338 kwh Gas x 3.445p = £356.14
365 days Gas standing Charge x 22.00p = £80.30


Direct Debit (CREDIT) - £46.92
VAT £36.75


Total £771.74


So my £61 pm doesn't quite cover that usage but does cover the charges when the Direct Debit Credit I have on the account is factored in.


However the new tariff compared to old is:-


Elec 13.73 per kwh (11.37 OLD)
Standing Charge 18.90 per day (14.00 OLD)


Gas 3.722 per kwh (3.445 OLD)
Standing charge 26.25 per day (22.00 OLD)


Based on those figures my working out of the costs would be in Total just over £900 per year or £75 per month not the £59 they indicate!


Could EDF be deliberately putting a low figure on my Direct Debit to initially make it look more appealing & to stop a switch?


I'm not sure what to do on this....of course no one wants to pay more than they need....but I just cant see their figure of £59 per month being correct unless I'm missing something.


Many Thanks - Avenue

Bigjenny

No you are not alone in being confused by EDF.

I am also switching to the EDF Fixed Blue+ June 2015 tariff.

I was paying £45 on Fixed Blue April 2014, Was expecting it to go up to about £52, but they have set my DD at £37. I will be changing my DD to £52 after 1st May.

The EDF computer is a law unto itself when setting DD's.

AVENUE

Bigjenny wrote: »

No you are not alone in being confused by EDF.

I am also switching to the EDF Fixed Blue+ June 2015 tariff.

I was paying £45 on Fixed Blue April 2014, Was expecting it to go up to about £52, but they have set my DD at £37. I will be changing my DD to £52 after 1st May.

The EDF computer is a law unto itself when setting DD's.

Thanks for that. I'm seriously thinking of Switching over to First Utility as looking at Uswitch i'll be saving £90 a year if I Switch.


Many Thanks - Avenue

amiehall

The computer just has a mind of its own. However, the existing credit on your account is definitely supposed to be used when calculating your DD so that part isn't wrong.

AVENUE

amiehall wrote: »

The computer just has a mind of its own. However, the existing credit on your account is definitely supposed to be used when calculating your DD so that part isn't wrong.

Thanks, I do think I will probably Switch to First Utility now...some bad reports put me off them, but others have said things went ok & they've been fine. Guess same can be said of all the companies really & need to go with whoever comes in cheapest really!


Many thanks - Avenue

AVENUE

Ive decided to stick with EDF, I had switched from the 2014 May fix, to the June 2015 Blue+Price Promise, but have just got my Statement & they've now come out with a July 2015 Blue+Price Promise which is cheaper and I've switched to that one. Payments £72 per month which isn't much difference from what I was originally paying & less than the June Fix!


Regards - Avenue