edf blue price promise - any good?

littlerock

my current fixed price deal with edf for electricity (only) is due to expire at the end of march 2015. I just got a letter from them offering me 2 options when current deal expires. 1. switch to standard variable tariff currently 14.14p per therm or 2. move onto blue price promise valid to may 2016 price, 14.37p per therm.

they claim the blue price promise will save me £51 per year despite the cost per therm being higher. the only way I can see this could be achieved is if I switch to a DD for which they appear to be offering a 6℅ discount.

i currently pay by SO and almost always in credit. (I used to have a DD with them but after they arbitrarily hiked it a few years back again while I was using less electricity than I was paying for - on the dubious grounds that I would need to pay more because they had estimated for reasons unknown that my consumption would increase) - I switched back to the SO.

So I am inclined to stay with the SO. If I go on to the standard variable rate will it disqualify me from get a fixed price rate in future?

matelodave

There are plenty of deals out there with unit rates of less than 11p/kwh so why would you want to switch to one costing 30% more.


It's up to you of course but ????????

System

littlerock wrote: »

my current fixed price deal with edf for electricity (only) is due to expire at the end of march 2015. I just got a letter from them offering me 2 options when current deal expires. 1. switch to standard variable tariff currently 14.14p per therm or 2. move onto blue price promise valid to may 2016 price, 14.37p per therm.

they claim the blue price promise will save me £51 per year despite the cost per therm being higher. the only way I can see this could be achieved is if I switch to a DD for which they appear to be offering a 6℅ discount.

i currently pay by SO and almost always in credit. (I used to have a DD with them but after they arbitrarily hiked it a few years back again while I was using less electricity than I was paying for - on the dubious grounds that I would need to pay more because they had estimated for reasons unknown that my consumption would increase) - I switched back to the SO.

So I am inclined to stay with the SO. If I go on to the standard variable rate will it disqualify me from get a fixed price rate in future?

And the third option is SWITCH suppliers. Check on this site or other comparison sites for the best deal for your kWh usage and switch. Choose a fixed tariff with zero exit fees and you can switch again in 17 days time if the market plummets. No one should pay standard variable rates unless they have to.

littlerock

There are no exit fees on my current deal or on the proposed new edf Blue Price Promise.

In addition the new Blue Price Promise says "we promises to email you if any supplier launches a tarriff that could save you more than £1 a week at typical use" . Typical electricity use in this case means 3,200KWH for standard metered electricity.

GingerBob_3

littlerock wrote: »

There are no exit fees on my current deal or on the proposed new edf Blue Price Promise.

In addition the new Blue Price Promise says "we promises to email you if any supplier launches a tarriff that could save you more than £1 a week at typical use" . Typical electricity use in this case means 3,200KWH for standard metered electricity.

I'm with EDF and have also just had the "tariff expiry notice". I'm sticking with them and will upgrade to the Blue+. They gave me a bit of hassle last year when they tried to hold onto a £300+ credit, but overall they are not too bad. Yes, you could get energy a bit cheaper if you shop around, but do you really want all the hassle of changing supplier - and it IS a hassle. And then the new supplier might be on a par with npower or Scottish Power. Better the devil you know.

redux

littlerock wrote: »

There are no exit fees on my current deal or on the proposed new edf Blue Price Promise.

In addition the new Blue Price Promise says "we promises to email you if any supplier launches a tarriff that could save you more than £1 a week at typical use" . Typical electricity use in this case means 3,200KWH for standard metered electricity.

Yes I saw that in the adverts yesterday.

The rival tariff I've just switched to is £72 cheaper, so I wonder if EdF would carry out their promise by telling me right at the start not to join them.

stator

My EDF deal is ending, I didn't want to switch to a provider with an exit fee so I regularly get e-mails from them telling me I can get cheaper energy elsewhere.
When they do the comparison, you can save X amount they will be comparing your new rate to the standard rate, not your current rate which is expiring.

JJ_Egan

littlerock wrote: »

There are no exit fees on my current deal or on the proposed new edf Blue Price Promise.

In addition the new Blue Price Promise says "we promises to email you if any supplier launches a tarriff that could save you more than £1 a week at typical use" . Typical electricity use in this case means 3,200KWH for standard metered electricity.

You should still compare tariffs and discounts .