Switching from EDF Blue FIX 2018

janian

I have taken out a EDF blued fixed until 2018 tariff. EDF are leaving me messages on their site saying I could save up to £385.00 if I switch to one of their cheaper tariffs. Also I have had emails from Cheap Energy Club saying I could save up to £400.00 a year if I move. All these alerts have got me wondering if the fix I currently have with EDF was set when fuel prices were at a higher level and I'd be better moving as fuel costs have been reduced recently. Can anyone advise on this? I realised when I took the deal that I would pay a bit more but had the security of having my energy fixed until 2018. I'm not sure now costs have come down would I be better off leaving. Or staying put? It just seems strange that EDF themselves are sending me messages advising me to switch. Thanks to anyone for any advice they may have.

NittyGritty

you can be sure if your on a long fix you will be paying top whack for it. my advice to you if you want to find the best price , look on a comparison site enter your details and see whats best for you.


I personally was on the npower 2017 deal but since prices have come down I ditched that and gone back to 1 year fixes.


I highly doubt there will be any price increases with the big 6 anytime soon.so theres even less reason to be on a long fix.

System

I can't find a 2018 fix online for EDF; the current Blue Plus Price Promise for non-prepay supply March 2017 has a higher TCR than BP+ 2016 offers for both gas and electricity (I'm aware the exact amounts vary depending on your postcode, so quoting these would not help) so have to agree with the comments above - go for a shorter fix if you want to stick with EDF ( I have not experienced problems with this supplier, but perhaps I've been lucky? I note the complaints others have had with many apparently cheaper alternatives) but you're well advised to check out the comparison websites. Look out for details appropriate to your area and usage; what may work for some cannot work for all.

System

janian wrote: »

It just seems strange that EDF themselves are sending me messages advising me to switch.

It is part of EDF's Blue Price Promise:


Blue+Price Promise

Guaranteed no price rises until at least ........

If you are not completely happy, no nasty exit feesif you want to leave

We promise to email you if you could save more than £1 a week elsewhere at typical use

footyguy

janian wrote: »

I have taken out a EDF blued fixed until 2018 tariff. EDF are leaving me messages on their site saying I could save up to £385.00 if I switch to one of their cheaper tariffs. Also I have had emails from Cheap Energy Club saying I could save up to £400.00 a year if I move. All these alerts have got me wondering if the fix I currently have with EDF was set when fuel prices were at a higher level and I'd be better moving as fuel costs have been reduced recently. Can anyone advise on this? I realised when I took the deal that I would pay a bit more but had the security of having my energy fixed until 2018. I'm not sure now costs have come down would I be better off leaving. Or staying put? It just seems strange that EDF themselves are sending me messages advising me to switch. Thanks to anyone for any advice they may have.

This tariff would never have been the cheapest option for you, so your choice was presumably driven by something other than price.

Whatever that reason was, if it still applies, then I suggest you stick with your decision, expensive as it is.

System

apologies; found a Telegraph article online which shows the Blue + Freeeeze (their spelling, not mine) as £1209 per annum, based on 'medium usage'. As above, evidently your choice of tariff has little to do with currently available bargain prices.

SoletraderSteve

You have selected a longer term fixed tariff offering you reassurance that your energy prices will not change until 2018. Longer term fixes tend to be more expensive than current available shorter term fixes, however it is the consumers choice. If prices rise before 2018 higher than your current fixed prices, you win. If not, you have taken a gamble and lost. If you are seeking long term price protection at a competitive rate, it might be worth checking out their current Blue+Fixed Price February 2017 tariff. If you are looking for a shorter fix at their cheapest available rate check out the Blue+Price Promise July 2016. You have no exit fees on your current tariff and neither will you if you switch to either of the above. Compare and make a decision.

Pincher

Assuming 13,500/3,200kWh consumption


Three year Fix
=========


EDF Blue+Price Freeze February 2018 £1,143
EDF Blue+Price Freeze May 2018 £1,184


Two year Fix
========


EDF Blue+Fixed Price February 2017 £971


One year Fix
========


EDF Blue+Price Promise July 2016 £919


NPower Fixed Energy June 2016 £880 (market leading currently)






Actually, the EDF two year fix is pretty good value, if you think prices will go up.




I am fixed to March 2016 on £869 with Scottish Power, and you will have to pry it from me over my dead body.

janian

Thanks all you clever people for the information you have provided me with. The reason I took the longer fix was for security against rising prices. I have already done the comparison sites including Cheap Energy club. They are telling me that I would save around £350.00 yearly quoting shorter fixes. I havent had any problems with EDF customer service so far but twice they have tried to increase my direct debit for no good reason. I've noticed a lot of people say this about them but they did agree not to once I had contacted them. I'm thinking I might stay with them on my current deal for now. :T