EDF now using a new form of mathematics, unique to them, where 'less' is 'more'

Qyburn

MP1995 said:

JimboMarimbo said:

Thanks to all. 

As you advised, I have checked the kWh rate on my present tariff and compared it to the shiny new EDF Ensure Jul25, which they said would 'save' me (see headline) £50.80 per year. Well, like you said, ignore estimates and check the actuality...Guess what - the kWh rate on the new proposed tariff is IDENTICAL, down to two decimals of a penny!

However, I have found some of the missing £50.80, in that the new tariff has a reduced daily standing charge of 43.58 pence per day, compared to my present tariff's 50.43 pence per day. By my reckoning an annual saving in actual money of £25 - conveniently half of what they had tempted me with 'saving' !

Worth going for - hmm, I wonder: the new tariff has a £25 exit fee (there goes that £25 saving), but a tempting "Beat The Price Cap" selling point.

I won't extend this post any further, because I am sure there will be much discussion on beating the price cap on the main site.

With the next two price cap periods expected to be rises it's a case of fix and be assured rather than play energy roulettes

EDF "Ensure" isn't a fixed price.

MP1995

Qyburn said:

MP1995 said:

JimboMarimbo said:

Thanks to all. 

As you advised, I have checked the kWh rate on my present tariff and compared it to the shiny new EDF Ensure Jul25, which they said would 'save' me (see headline) £50.80 per year. Well, like you said, ignore estimates and check the actuality...Guess what - the kWh rate on the new proposed tariff is IDENTICAL, down to two decimals of a penny!

However, I have found some of the missing £50.80, in that the new tariff has a reduced daily standing charge of 43.58 pence per day, compared to my present tariff's 50.43 pence per day. By my reckoning an annual saving in actual money of £25 - conveniently half of what they had tempted me with 'saving' !

Worth going for - hmm, I wonder: the new tariff has a £25 exit fee (there goes that £25 saving), but a tempting "Beat The Price Cap" selling point.

I won't extend this post any further, because I am sure there will be much discussion on beating the price cap on the main site.

With the next two price cap periods expected to be rises it's a case of fix and be assured rather than play energy roulettes

EDF "Ensure" isn't a fixed price.

Didn't say it was I was just saying if someone wants assurity of price fix

bob2302

JimboMarimbo said:

However, I have found some of the missing £50.80, in that the new tariff has a reduced daily standing charge of 43.58 pence per day, compared to my present tariff's 50.43 pence per day. By my reckoning an annual saving in actual money of £25 - conveniently half of what they had tempted me with 'saving' !

The £50 saving is for a dual fuel switch, and you don't mention gas.