How do we get out of a fix?

Kimb_t

Hi,

We fixed our tariff with edf 
last summer when there were very high deals thinking we were doing the right thing. When everyone else’s electricity went town on July 1, ours jumped up by an extra £28 per month. My question is whether there is any way out of this without paying the £150 exit tariff? I know UW will pay exit fees if we move 3 services to them but I’m not sure I want to do that. Are there any other options?

Thanks!

Robin9

There are other threads re EDF who seem to accept transfers within EDF without charging the Exit Fee.

Stick with EDF fix or move to standard rate for energy? - Page 2 — MoneySavingExpert Forum

Ask to go onto the Monthly Variable DD if that sort of arrangement suits you -  lower bills in summer, balanced by very high in winter.

The £28 probably follows their 6 monthly review - were you in debt at the time of review. Take care if taking your figures from tha App balance.

[Deleted User]

Kimb_t said:

Hi,

We fixed our tariff with edf 
last summer when there were very high deals thinking we were doing the right thing. When everyone else’s electricity went town on July 1, ours jumped up by an extra £28 per month. My question is whether there is any way out of this without paying the £150 exit tariff? I know UW will pay exit fees if we move 3 services to them but I’m not sure I want to do that. Are there any other options?

Thanks!

Surely, that is the risk that you take when you enter into a fixed rate contract.

Scot_39

You entered a contract knowing the terms.

Accept them now as you did then.

Would you be happy if EDF ignored the fix rate part of that contract and put your prices up mid term ?

LindsayT

I agree with posters about the terms but where did EDF come into it?

bristolleedsfan

LindsayT said:

I agree with posters about the terms but where did EDF come into it?

EDF is mentioned in O/P.

"We fixed our tariff with edf"

Kimb_t

Robin9 said:

There are other threads re EDF who seem to accept transfers within EDF without charging the Exit Fee.

Stick with EDF fix or move to standard rate for energy? - Page 2 — MoneySavingExpert Forum

Ask to go onto the Monthly Variable DD if that sort of arrangement suits you -  lower bills in summer, balanced by very high in winter.

The £28 probably follows their 6 monthly review - were you in debt at the time of review. Take care if taking your figures from tha App balance.

We were in debit but less than 6 months previously. It is because of no price cap so our original rate has kicked in.