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Renew contract

PSLB
PSLB Posts: 4 Newbie
in Energy
Just received an offer from EDF to extend online tariff from March 2020 to Aug 2021 and they will refund exit fees.Should I accept?

Comments

  • Robin9
    Robin9 Posts: 12,858 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    Do your own sums and use a comparison site using your actual consumption figures to see if EDF are the best deal going forward.
    Never pay on an estimated bill. Always read and understand your bill
  • JJ_Egan
    JJ_Egan Posts: 20,281 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    PSLB wrote: »
    Just received an offer from EDF to extend online tariff from March 2020 to Aug 2021 and they will refund exit fees.Should I accept?




    What unit rates ??
    Then as posted compare.
  • PSLB
    PSLB Posts: 4 Newbie
    I was wondering if anyone had any ideas regarding whether energy prices were expected to increase or fall in 20290.
  • Gerry1
    Gerry1 Posts: 10,849 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    PSLB wrote: »
    I was wondering if anyone had any ideas regarding whether energy prices were expected to increase or fall in 20290.
    I don't think any of us will be using much energy in 20290... :D
  • Mr.Everready
    Mr.Everready Posts: 198 Forumite
    I got the same email, it made me instantly dubious. I checked on Uswitch and prices are lower than this contract.


    So no, I will not be taking them up on the offer.
  • WhoIsThat
    WhoIsThat Posts: 234 Forumite
    Fifth Anniversary 100 Posts Combo Breaker Name Dropper
    PSLB wrote: »
    Just received an offer from EDF to extend online tariff from March 2020 to Aug 2021 and they will refund exit fees.Should I accept?

    What do you mean by "they will refund exit fees"?

    Consult a comparison site to find what is the best option for you.
  • WhoIsThat
    WhoIsThat Posts: 234 Forumite
    Fifth Anniversary 100 Posts Combo Breaker Name Dropper
    PSLB wrote: »
    I was wondering if anyone had any ideas regarding whether energy prices were expected to increase or fall in 20290.

    Choose a fixed tariff if you want to avoid uncertainty of tariff price changes

    More info to familiarise yourself with here:
    https://www.moneysavingexpert.com/utilities/you-switch-gas-electricity/
  • Mr.Everready
    Mr.Everready Posts: 198 Forumite
    WhoIsThat wrote: »
    What do you mean by "they will refund exit fees"?

    Consult a comparison site to find what is the best option for you.


    Because you're changing contract mid term they'll charge you the exit fees, but then refund them.
This discussion has been closed.
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