We’d like to remind Forumites to please avoid political debate on the Forum.

This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.

📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!

Early exit from Fuel deal

camedown
camedown Posts: 7
Third Anniversary First Post
Forumite
EDF have offered us a long term deal until 2024 of £208 per month but has an early exit fee of £300 as apposed to the normal £60 odd that Martin has mentioned in his videocast.
Is this still worth doing please? 

Comments

  • Mstty
    Mstty Posts: 4,209
    1,000 Posts First Anniversary Photogenic Name Dropper
    Forumite
    edited 7 May 2022 at 9:37AM
    Without knowing the deal details and standing charges and kWh prices on the fixed offer and your usage each year in kWh nobody can assess this for you.

    A monthly DD is not a good way to judge any offering from an energy supplier.
  • MWT
    MWT Posts: 11,306
    10,000 Posts Sixth Anniversary Name Dropper
    Forumite
    camedown said:
    EDF have offered us a long term deal until 2024 of £208 per month...
    No, they have offered you a tariff with fixed kWh and standing charge rates which they estimate will cost you £208 per month...
    If their estimate is wrong the monthly DD will change, so check their estimate and see if you think it is reasonable as with a £300 exit fee it could get expensive...
★ ★ ★ Meet your Ambassadors

🚀 Getting Started

Hi new member!

Our Getting Started Guide will help you get the most out of the Forum

Categories

  • All Categories
  • 355.7K Banking & Borrowing
  • 254.9K Reduce Debt & Boost Income
  • 456.1K Spending & Discounts
  • 248.3K Work, Benefits & Business
  • 605.9K Mortgages, Homes & Bills
  • 179K Life & Family
  • 263.7K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 16.2K Discuss & Feedback
  • 37.7K Read-Only Boards

Is this how you want to be seen?

We see you are using a default avatar. It takes only a few seconds to pick a picture.