EDF’s new Blue +Price Promise not the cheapestHow does it compare to cheaper energy tariffs?
27 September 2012
EDF Energy has re-launched its Blue +Price promise fixed tariff, offering fixed prices until May 2014. It has no exit fees, but it's not the cheapest fixed energy deal on the market.
EDF Energy’s Blue +Price promise has returned. Now £89 a year more expensive than the last time we saw it, the new tariff will cost the average household £1,143 a year.
If you want to leave, there are no exit fees. Plus, if any energy company launches a cheaper tariff (that is at least £52 a year cheaper) EDF Energy says it will notify you about it within 10 days. However, cheaper fixed gas and electricity deals already exist.
To find the cheapest gas and electricity deals for your home, you can compare energy prices at Which? Switch. It takes just three easy steps to switch and people using our service save an average of £217 on their annual bills*.
EDF Energy vs First Utility
Earlier today we reported that energy supplier First Utility has launched the cheapest energy deals for winter, the iSave v12 and the iSave Fixed v4 March 2014. Here's how these tariffs compare to EDF Energy's latest deal (annual costs for average household):
- First Utility’s iSave v12: £1,054 (variable, rates can change)
- First Utility’s iSave v4 March 2014: £1,087 (fixed until March 2014)
- EDF Energy Blue +Price Promise: £1,143 (fixed until May 2014)
While the EDF Energy tariff is more than £50 more expensive than the other two deals, you will not be charged for leaving this tariff. Meanwhile, the First Utility iSave Fixed v4 March 2014 has a £60 cancellation fee if you leave before March 2014 and the iSave v12 has a £60 cancellation fee if you leave within the first three months.
Will EDF Energy tell you about these cheaper tariffs?
EDF Energy says that it will tell customers on its new Blue +Price promise tariff about any deals from other energy companies that are launched that are at least £52 a year cheaper.
When we asked EDF Energy it said that this includes tariffs that already exist and said it would tell people about cheaper deals at the point of sale.
As First Utility’s tariffs are £89 and £56 a year cheaper for the average household, EDF Energy should tell you about these and other cheaper deals at the point of sale.
If you’ve joined the new EDF Blue +Price Promise – were you notified that cheaper deals are available? Please tell us by emailing email@example.com.
*Based on 53,459 households who switched suppliers using Which? Switch and The Big Switch between 1 September 2011 and 31 August 2012