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EDF Electric & Gas question

Would anybody be able to possibly explain how EDF can be telling me that I can save a small amount of money by switching to pay as you go, at the moment I have a direct debit that pays the outstanding Bill due.  Last I knew pay as you go was for people that are fiscally iresponcible sorts such as substance adicts

Comments

  • Because pay as you go is slightly cheaper than direct debit on the new EPG cap for many customers.

    The rates are here if you want to check for yourself:
    https://www.edfenergy.com/sites/default/files/government_energy_price_guarantee_prices._standard_variable_deemed_and_welcome._credit_meters.pdf
  • Would anybody be able to possibly explain how EDF can be telling me that I can save a small amount of money by switching to pay as you go, at the moment I have a direct debit that pays the outstanding Bill due.  Last I knew pay as you go was for people that are fiscally iresponcible sorts such as substance adicts
    If you post your night and day annual usage and the area you live in (or your rates) I'll post a table that should explain.
    Areas
    East Midlands
    Eastern
    London
    Midlands
    North East
    North Scotland
    North Wales and Merseyside
    North West
    South East
    South Scotland
    South Wales
    South West
    Southern
    Yorkshire
  • K2rool
    K2rool Posts: 20 Forumite
    10 Posts First Anniversary
    edited 25 September 2022 at 12:05AM
    I've always thought DD had the cheapest rates, I got the email tonight with new rates saying the same "Over the next year, you could save £11.80 if you choose to pay by Pay As You Go (PAYG).", the email doesn't much to me anyway since my switch to new supplier was completed two days ago.
  • Robin9
    Robin9 Posts: 12,359 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    ........

    Last I knew pay as you go was for people that are fiscally iresponcible sorts such as substance adicts
    That is harsh - for some it is the way they budget best.
    Never pay on an estimated bill. Always read and understand your bill
  • GingerTim
    GingerTim Posts: 2,178 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Combo Breaker
    edited 25 September 2022 at 8:38AM
    Robin9 said:
    ........

    Last I knew pay as you go was for people that are fiscally iresponcible sorts such as substance adicts
    That is harsh - for some it is the way they budget best.
    I'd go further than 'harsh' and say 'grossly prejudiced'.
  • I thought it must be a wind-up.
  • rp1974
    rp1974 Posts: 758 Forumite
    Part of the Furniture 500 Posts Name Dropper Combo Breaker
    GingerTim said:
    Robin9 said:
    ........

    Last I knew pay as you go was for people that are fiscally iresponcible sorts such as substance adicts
    That is harsh - for some it is the way they budget best.
    I'd go further than 'harsh' and say 'prejudiced'.
    LindsayT said:
    I thought it must be a wind-up.
    Possibly,or just simple ignorance,in any case unnecessary.
    Everyone is entitled to their own opinions though,however unpleasant.
  • K2rool said:
    I've always thought DD had the cheapest rates, I got the email tonight with new rates saying the same "Over the next year, you could save £11.80 if you choose to pay by Pay As You Go (PAYG).", the email doesn't much to me anyway since my switch to new supplier was completed two days ago.
    Traditionally that was true, but has started to change somewhat with the caps.

    PAYG or prepayment is cheaper (but not by a lot) in many areas now, and EdF is following the guidance to tell its customers when a cheaper tariff is available.

    The E7 night rates for PAYG from EdF are particularly good.
  • High 5 everyone, Many thanks for all of the replies. It seams that things are changeing with regard prefered payment methods. As someone rightly says the savings for payg are very small. Sorry if I offend, I sometime stereotype and exagerate what I see in a small number of situations my self. Yes I too was sirprised when EDF told me that PAYG is cheaper than Direct Debit, 'Wind up' did come to mind
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