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Exit Fees
Just received notice of our EDF fixed tariff ending along with renewal costs (estimated).
currently paying £113 per month for dual fuel, not surprised to see the estimated variable rate of £224 per month with a fixed offer at £312 but the exit fee is also moving from £30 per fuel to £150 per fuel !!
currently paying £113 per month for dual fuel, not surprised to see the estimated variable rate of £224 per month with a fixed offer at £312 but the exit fee is also moving from £30 per fuel to £150 per fuel !!
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Comments
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Someone mentioned this on here earlier - I suggested flagging it to Martin Lewis onTwitter as he might well be interested to take issue with such a sharp increase.🎉 MORTGAGE FREE (First time!) 30/09/2016 🎉 And now we go again…New mortgage taken 01/09/23 🏡
Balance as at 01/09/23 = £115,000.00 Balance as at 31/12/23 = £112,000.00
Balance as at 31/08/24 = £105,400.00 Balance as at 31/12/24 = £102,500.00
£100k barrier broken 1/4/25
Balance as at 31/08/25 = £ 95,450.00. Balance as at 31/12/25 = £ 91,100.00
SOA CALCULATOR (for DFW newbies): SOA Calculatorshe/her0 -
Already in the last thread you gave this advice @BUFF told you that Martin is aware of this.EssexHebridean said:Someone mentioned this on here earlier - I suggested flagging it to Martin Lewis onTwitter as he might well be interested to take issue with such a sharp increase.
https://forums.moneysavingexpert.com/discussion/comment/79198136/#Comment_79198136
I also have no idea what anybody can do against it, the supplier and the customer are taking both a gamble on the price, and the supplier wants to avoid the customer just cutting his losses when he loses and the price goes down. I don't know of any law that says they cannot charge high exit fees, nobody is forcing anybody to take a deal if they don't like it.
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It is just the price for certainty in an uncertain future...
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MWT said:It is just the price for certainty in an uncertain future...... and, at least for ther OP, it's roughly equal to one month's payment.If you later find a deal that's more than 8% cheaper, the saving will cover the exit fee.N. Hampshire, he/him. Octopus Intelligent Go elec / Fuse gas / Vodafone BB / iD mobile. Kirk Hill Co-op member.Economy 7 cap explainer. Gas vs E7 vs peak elec heating costs, Ecoflow Stream, Best kettle :-)
2.72kWp PV facing SSW installed Jan 2012. 11 x 247w panels, 3.6kw inverter. 37 MWh generated, long-term average 2.6 Os.0
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