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!
The Forum now has a brand new text editor, adding a bunch of handy features to use when creating posts. Read more in our how-to guide

Is this a good deal?

DM7
DM7 Posts: 19 Forumite
Part of the Furniture 10 Posts Combo Breaker
EDF, variable, economy 7 (electricity only).

Current prices:  Day 37.2p
                          Night 14.14p
                          Standing charge: 41.75p

Before the price hike in April we were paying £197 per month by DD
With the price hike, EDF recommended we upped the monthly amount but didn't give any estimates that I saw; we upped it to £257 (based on whatever % was being talked about at the time).

When looking for the fixed price tariff, EDF estimated our current monthly costs as £211.

Fixed tariff until May 2024
Day 41.33p
Night 19.28p
Standing charge: 41.75p
Estimated monthly DD £244.

Is this the no brainer I think it is?!

Many thanks for looking

DM7

Comments

  • Mstty
    Mstty Posts: 4,209 Forumite
    1,000 Posts First Anniversary Photogenic Name Dropper
    Depends if you really take full advantage of the cheaper economy 7 rate or not.
  • DM7
    DM7 Posts: 19 Forumite
    Part of the Furniture 10 Posts Combo Breaker
    We don't really make use of the economy 7 as it's for the night storage heaters and we only run one at the mo and two when it is cold.
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
  • 353.6K Banking & Borrowing
  • 254.2K Reduce Debt & Boost Income
  • 455.1K Spending & Discounts
  • 246.7K Work, Benefits & Business
  • 603K Mortgages, Homes & Bills
  • 178.1K Life & Family
  • 260.7K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 16K 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.