EDF Energy has launched its cheapest fixed price energy plan – but it’s still possible to get a cheaper tariff, though fixed for shorter periods of time.
The new EDF Energy plan – the Blue + Price Promise February 2015 – offers a good deal for consumers who want long-term protection from future price rises.
But it’s possible to get a cheaper deal elsewhere – though not fixed for that long.
Consumers can find the best plan by comparing deals from energy companies on Which? Switch.
EDF Energy Blue + Price Promise Plan
The new deal offers customers the chance to fix their energy costs until February 2015, safeguarding against energy price hikes for the next 22 months.
It’s the cheapest deal that allows customers to fix until 2015.
Customers are free to leave the plan without incurring a cancellation charge – good news if they find a better deal in the future.
Cheaper fixed energy tariffs
However, Which? Switch has compared all of the fixed and variable energy plans on the market and found tariffs that are likely to offer a cheaper deal for the average customer, though not fixed for that long.
For example, the EDF deal would cost the average household £1,192 each year, but the Thames Fixed Online plan from new company Flow Energy is around £58 less, with a yearly bill of £1,134. The Flow Energy Plan is fixed until 31 August 2014 – though it does have a £30 cancellation fee if you wanted to leave before this date.
Best fixed and variable energy deals
The best deal from an energy company with a high Which? customer score is the New Energy Fixed tariff from Ovo Energy. This plan would cost the average customer £1,172 a year and is fixed for 12 months. It has a £30-per-fuel exit fee.
Ovo Energy earned a high 74% in the latest Which? customer satisfaction survey, whereas EDF Energy scored just 46%. 10,000 members of the general public who were asked to rate their energy company.
You can read the full results of our energy customer satisfaction survey here.