Sneaky move by EDF.

Staffordian11

I'm with EDF, not by choice, but moved after Uility Point went bust.

Currently on the default capped rate, but I monior their fixed rate offers to see if it might be worth swapping.

Their 2 year fixed was £197 for me, and last week it fell to £190.  

Yesterday, it fell to £184. But when I plugged their rates into my spreadsheet, which I always do rather than take their word for any deal, they were identical to the rates the week before when they quoted £190.

So I assume they have reduced my estimated usage and based a lower fix on that.  Not sure how they've done that when they have not had a reading from me since asking for one at the end of March, but still...

Just something to be aware of if a deal looks better than it did.

Mstty

If you have a smart meter then they are probably getting readings and being a low energy use time of year that may account for the recalculation.

I presume the fix plan name.has.stayed the same and more importantly the kWh price which is really all that matters.

Robin9

How do EDF's estimates of your actual consumption compare with your figures?

Staffordian11

Mstty said:

If you have a smart meter then they are probably getting readings and being a low energy use time of year that may account for the recalculation.

I presume the fix plan name.has.stayed the same and more importantly the kWh price which is really all that matters.

No, just dumb meters, and agreed, all that matters is the rates. But as far as I can see, they have not changed the tariff name as rates have changed.

The one on offer to me is simply called Fix Total Service Long-Term and as far as I recall the previous one was the same, no version number etc. Just the end date in the description to indicate it might be different.

Staffordian11

Robin9 said:

How do EDF's estimates of your actual consumption compare with your figures?

They are ballpark.

My last 12 month usage is electricity 2071kWh, gas 10345kWh

EDF estimate my electicity as 1874kWh, gas as 10364kWh

I think they have revised their estimate for my electricity down from the figure they used to use, but I'm not certain.

Edited to add: I dont know how they have arrived at their pretty good estimates, as they have had very few readings from me. Possibly Utility Point gave them reading data?

Mstty

See what it says here is this accurate as well

https://www.moneysupermarket.com/store/gas-and-electricity/enquiry/

Staffordian11

Mstty said:

See what it says here is this accurate as well

https://www.moneysupermarket.com/store/gas-and-electricity/enquiry/

Pretty close, but I may have plugged figures into their site in the last year or two. I have tried several comparison sites. Or do they have some access to industry readings data?

Mstty

Staffordian11 said:

Mstty said:

See what it says here is this accurate as well

https://www.moneysupermarket.com/store/gas-and-electricity/enquiry/

Pretty close, but I may have plugged figures into their site in the last year or two. I have tried several comparison sites. Or do they have some access to industry readings data?

It appears they have insights into industrial readings, it has been discussed on another thread where some think it's a bit dodgy on GDPR as you can also check your neighbours out as well. Which is fun

bristolleedsfan

Staffordian11 said:

Mstty said:

If you have a smart meter then they are probably getting readings and being a low energy use time of year that may account for the recalculation.

I presume the fix plan name.has.stayed the same and more importantly the kWh price which is really all that matters.

The one on offer to me is simply called Fix Total Service Long-Term and as far as I recall the previous one was the same, no version number etc. Just the end date in the description to indicate it might be different.

Others have posted on here about June 2024 with £200 dual fuel exit fee being more expensive than May 2024 fixed rate with £300 dual fuel exit fee which was highlighted in most recent MSE newsletter as being cheapest fixed rate available to existing customers. 

Alnat1

Don't start it off again Mstty lol, was hoping it all disappeared. I was a super villain when I suggested spying on my neighbours and relatives.

Mstty

Lol I've been up the whole road, next stop the whole village then when walking the dog I can guess who has the hot tub 😜🤣