EDF E7 Tariff - Stick or Twist?

inspectorperez
inspectorperez Posts: 813
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Currently on a 12 month Economy 7 tariff (£75 exit fee) which terminates end of April 2024.

There is currently a 3 year tariff offered by EDF which goes by the name of EDF Essentials Jan 27 v2. The daytime and night time tariffs are lower than what I am currently paying, whereas the daily standing charge is about 10p per day more expensive. In terms of my normal annual usage, there is not much difference in the annual cost projection, subject to what tariffs may be available by April 2024.

I'm tempted to take a hit on the £75 exit fee with a view to fixing my unit costs for 3 years.

I'm not looking for the answer to "how long is a piece of string", but would welcome the thoughts of the industry specialists on this forum as to which way the wind may be blowing on energy prices generally as a steer to making my decision.

Comments

  • Cazella
    Cazella Posts: 38
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    Thankyou.looked online last night 3 year too near what it is now but 1 year fixed for midlands is 13.40 night and 33.89 day so for me almost 3 per unit cheaper on night and 1 p a day compared to sv so signed up at 11 last night lol and already changed this morning😃👍.even if prices dropped in April don’t think it will be as low 
  • inspectorperez
    inspectorperez Posts: 813
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    Cazella said:
    Thankyou.looked online last night 3 year too near what it is now but 1 year fixed for midlands is 13.40 night and 33.89 day so for me almost 3 per unit cheaper on night and 1 p a day compared to sv so signed up at 11 last night lol and already changed this morning😃👍.even if prices dropped in April don’t think it will be as low 

    That's the general drift of my own thinking.

    Even though prices might fall in April, I suspect that there will not be any 3 year fixed deals on offer. Personally I much prefer a stable cost for a longer period of time even though there is that risk of cheaper prices being available, albeit for shorter periods.
  • Cazella
    Cazella Posts: 38
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    should read east.midlands not midlands lol.just reread my post.before Xmas I was on 13.78 for night so I thought 5% increase in jan  so 68p increase that’s fine but when rates were published for Jan it was 16.29🤔?.so new fix is perfect.sc still 50.67.on my present useage will save about £160 on the year 👍
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