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Octopus v EDF

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I find this all overwhelming and tricky so please be kind... Currently on a flexible Gas and Electricity tariff with Octopus so thinking of switching to a Fixed one.  Does this sound like a decent enough reason to switch and how does EDF compare with Octopus?  Is my understanding right that I am likely to save more than £73?

EDF Energy 
Simply Fixed Direct Jun26v3
Estimated cost
£156/mth
£1,869/yr
Tariff type
Fixed until 30 Jun 2026
Savings £73/yr (-4%)
Early exit fee
£0

Thanks

Comments

  • bristolleedsfan
    bristolleedsfan Posts: 12,643 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    edited 5 March at 11:13AM
    EDF website now showing Simply Fixed Direct Jun26v4 no exit fees, looks cheaper than previous version.

    I suggest you compare based on your usage  https://www.moneysavingexpert.com/utilities/are-there-any-cheap-fixed-energy-deals-currently-worth-it/ 
    The cheapest energy fixes 

    British Gas 16 month fix already reflects lower electricity standing charges in some regions due to lower transmission costs.

  • bristolleedsfan
    bristolleedsfan Posts: 12,643 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    edited 5 March at 12:06PM
    Comparison with my Region - North West  ( Both no exit fees)-  Easy to get cheaper E unit rates elsewhere.

    Loyal Octopus 14M Fixed March 2025 v1

    Electricity
    • Unit rate:25.36 p/kWh
    • Standing charge:49.98 p/day
    Gas
    • Unit rate:6.26 p/kWh
    • Standing charge:29.71 p/day

    Simply Fixed Direct Jun26v4 - EDF

    Fixed term expires immediately prior to 1 July 2026

    Unit rate G

    5.89p per kWh

    Standing charge

    31.75p per day


    Unit rate E

    24.02p per kWh

    Standing charge

    52.03p per day

  • Thank you, looks like EDF will be cheaper for me and no exit fees.  Are they reliable/easy to work with?  Octopus is so easy to submit readings and switching to them was easy.  Can anything go wrong switching?
  • bristolleedsfan
    bristolleedsfan Posts: 12,643 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    edited 5 March at 12:44PM
    Thank you, looks like EDF will be cheaper for me and no exit fees.  Are they reliable/easy to work with?  Octopus is so easy to submit readings and switching to them was easy.  Can anything go wrong switching?
    EDF uses Octopus billing system, Statutory compensation covers most things that might go wrong when switching,

    https://www.topcashback.co.uk/edf-energy/  Checked link goes to Direct fixed tariff no exit fees.

    After 12 months of not being Octopus customer can return via friend referral as T+C currently are.
  • dancingvicster
    dancingvicster Posts: 6 Forumite
    Fifth Anniversary First Post Combo Breaker
    Thanks so much, really helpful
  • Mashup001
    Mashup001 Posts: 6 Forumite
    Part of the Furniture First Post
    Hi, I'm with with Octopus also, but EDF offered a better tariff for both Gas and Electric. Currently I'm paying £245.83 a month, fixed rate, which goes up to £262.34, from April. EDF offered a fixed rate from April, £219 a month. So a big saving.
  • cisko65
    cisko65 Posts: 338 Forumite
    Part of the Furniture 100 Posts Name Dropper Combo Breaker
    I have the flexible Gas and Electricity tariff with Octopus as dancingvicster and have the same question. I read all the posts but I can't understand how to compare providers. And you dancingvicster, what have you decided to do? The more I read the less I understand.

    In around one year (14th March 2024 - 25th March 2024) I consumed:
    1050 kw/h of electricity
    and 6009 kw/h of gas

    Total electric cost: £488.81
    Total gas cost: £530.45
    Total of the direct debits paid: £895.14

    If somebody has the time to provide simple and clear advice I would be very grateful.
    Thanks.
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