Martins Recommendation for EDF new i year fix not 18% cheaper

otb666

Hey I was caught out as the prices change 1/4 so its actually 7% cheaper than my current SP variable tariff.  It is most probably me but very confusing.  As prices due to do down in July by 13% and then up 4% in october could potentially be paying 2% more overall.  So not such a good deal as I thought.  Although i have decided to continue with switch as easier to budget But thought it was very confusing personally

PeterGr

In latest weekly email it says "It's the first for a time that hits our 'it's worth fixing' level, as it matches how much it's predicted you'd pay if you stuck on the Price Cap over the next year, but has the benefit of price certainty."

Which is the same conclusion as you have come to.

bristolleedsfan

otb666 said:

Hey I was caught out as the prices change 1/4 so its actually 7% cheaper than my current SP variable tariff.  It is most probably me but very confusing.  As prices due to do down in July by 13% and then up 4% in october could potentially be paying 2% more overall.  So not such a good deal as I thought.  Although i have decided to continue with switch as easier to budget But thought it was very confusing personally

% figures quoted relate to so called typical average consumption, can subsequently change to another EDF fixed tariff without exit fees should cheaper fix be launched.

dunstonh

PeterGr said:

In latest weekly email it says "It's the first for a time that hits our 'it's worth fixing' level, as it matches how much it's predicted you'd pay if you stuck on the Price Cap over the next year, but has the benefit of price certainty."

Which is the same conclusion as you have come to.

But worth remembering that MSE has missed other good deals and you don't get a consistent commentary out of them.  They also don't include regional differences when a certain region may have a standout rate.

otb666

Yes I like to work it out myself as remember 2 years ago MSE saying dont fix and then they went up Luckily i had decided to fix Ignoring Martins advice and did not have to worry about the following increases.