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Economy 7 July price drop?

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  • Rosie1001
    Rosie1001 Posts: 593 Forumite
    Seventh Anniversary 500 Posts Photogenic Name Dropper
    My price drop for my economy 7 is ONE PENCE. !!!!!!

    thanks EDF 

    I had to read it again to make sure it was right ..what a Joke ! 
  • Rosie1001 said:
    My price drop for my economy 7 is ONE PENCE. !!!!!!

    thanks EDF 

    I had to read it again to make sure it was right ..what a Joke ! 
    Should how angry you are by ‘ditching and switching’. EDF may offer you money to stay as some other suppliers appear to be doing.
  • Swipe
    Swipe Posts: 5,621 Forumite
    Part of the Furniture 1,000 Posts Photogenic Name Dropper
    Rosie1001 said:
    My price drop for my economy 7 is ONE PENCE. !!!!!!

    thanks EDF 

    I had to read it again to make sure it was right ..what a Joke ! 
    I can beat that. Mine on EDF drops from 15.79p to 15.78p :D 
  • QrizB
    QrizB Posts: 18,262 Forumite
    10,000 Posts Fourth Anniversary Photogenic Name Dropper
    Rosie1001 said:
    My price drop for my economy 7 is ONE PENCE. !!!!!!
    E7 has two unit rates, peak and off-peak, plus a standing charge.
    Which one has dropped by a penny, and what change has there been with the others?
    Rosie1001 said:
    thanks EDF
    Depending on region, EDF had some of the widest split if peak and off-peak unit rates.
    Which region are you?
    N. Hampshire, he/him. Octopus Intelligent Go elec & Tracker gas / Vodafone BB / iD mobile. Ripple Kirk Hill member.
    2.72kWp PV facing SSW installed Jan 2012. 11 x 247w panels, 3.6kw inverter. 34 MWh generated, long-term average 2.6 Os.
    Not exactly back from my break, but dipping in and out of the forum.
    Ofgem cap table, Ofgem cap explainer. Economy 7 cap explainer. Gas vs E7 vs peak elec heating costs, Best kettle!
  • dunstonh
    dunstonh Posts: 119,697 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Combo Breaker
    Rosie1001 said:
    My price drop for my economy 7 is ONE PENCE. !!!!!!

    thanks EDF 

    I had to read it again to make sure it was right ..what a Joke ! 
    In some regions, EDF has, by far, the lowest off peak rate.  I suspect the above posters are being a bit convenient with the truth by not posting their peak rate drop.  

    I can beat that. Mine on EDF drops from 15.79p to 15.78p D 
    I can beat that.   My EDF off peak  drops 0.0001p  from 0.08181p to 0.08171p
    However,  My EDF peak rate dropped 6p


    I am an Independent Financial Adviser (IFA). The comments I make are just my opinion and are for discussion purposes only. They are not financial advice and you should not treat them as such. If you feel an area discussed may be relevant to you, then please seek advice from an Independent Financial Adviser local to you.
  • Scot_39
    Scot_39 Posts: 3,516 Forumite
    Ninth Anniversary 1,000 Posts Name Dropper
    edited 23 June 2023 at 10:56AM
    Edf whether by design or accident - seem to have not only cheaper off peak deals than many.

    But arguably seem to have been targetting the peak vs peak bias to help typical consumers - lowering night rates for heating in winter and day rates for living in summer.

    It is of course nonsense to only look at one rate - when it is the total cross the two is capped. And only the average price across total usage for both that matters when deciding e7 vs Sr etc.

    When EDF dropped their night rates in many areas heavily in Jan - firms like EOn were putting them up peak and off peak over 2p.

    Representing iirc upton c17% on heating costs over winter months in posts here.

    MSE posters were flocking to their c10p rates in Jan - and not just Eastern ? where it remains below 10p now iirc.  Some speculate due to their nuclear plants in region - perhaps EDF have even said so.
  • Swipe
    Swipe Posts: 5,621 Forumite
    Part of the Furniture 1,000 Posts Photogenic Name Dropper
    edited 23 June 2023 at 12:00PM
    I'd put money on them leaving the ratio as is now all through winter as hardly anyone noticed, and those that did were immediately shot down with the "well you are now much better off over summer" argument.
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