EDF Energy offers fifth best fixed deal on the market with no cancellation charges

25th April 2014

EDF Energy has responded to better deals from smaller rivals by finally offering what Gocompare.com calls a competitive fixed tariff.

OVO Energy and First Utility continue to top the tables for duel fuel deals under £1000 a year, but EDF’s Blue+ Price Promise August 2015, now allows customers to fix their energy prices until the end of August next year and is currently the fifth cheapest tariff available, on average, with an annual dual fuel bill of £1,049.

Gocompare also notes that it is the cheapest tariff being offered by a ‘big six’ energy supplier at the moment. The comparison site says that before rushing in to sign up for table-topping tariffs, people should bear in mind that finding the best tariff for their particular circumstances requires shopping around in order to find the best deal based on how much energy they use, where they live, and other factors.

Top 10 current cheapest tariffs*

Provider

Tariff

Average annual cost

Cancellation fees

First Utility iSave Fixed v20 July 2015

£994

£30 per fuel if you switch away before end of fix
OVO Energy Cheaper Energy Fixed

£998

£30 per fuel if switching before fix end
Extra Energy Fixed Price September 2015

£1,014

£25 per fuel if you switch away before end of fix
Green Star Energy No Worries 12 Months Fixed v1404 Paperless

£1,041

£30 per fuel if you switch away before end of fix
EDF Energy Blue+ Price Promise August 2015

£1,049

None
OVO Energy Greener Energy Fixed (online)

£1,054

£30 per fuel if switching before fix end
OVO Energy Better Energy Fixed

£1,058

£30 per fuel if switching before fix end
EDF Energy Blue+ Price Promise July 2015

£1,070

None
Green Star Energy No Worries 24 Months Fixed v1404 Paperless

£1,072

£30 per fuel if you switch away before end of fix
Scottish Power Online Fixed Price Energy July 2015

£1,076

None

*Dual fuel, payment by monthly direct debit, averaged across all UK regions and based on an annual energy usage of 13,500kWh gas and 3,200kWh electricity (medium user).

 Caroline Lloyd, energy spokesperson at Gocompare.com says: “This move by EDF Energy shows how important effective competition is in ensuring that customers are able to benefit from lower gas and electricity bills as energy companies vie for their business.

“While smaller providers are still topping the tables and offering the cheapest annual dual fuel bills, on average, it’s crucial that all suppliers – large and small – compete with one another so that the maximum number of people can access more affordable tariffs.

“And it just goes to show that there’s no single tariff from any supplier, be they a small, independent company, or a huge organisation serving millions of customers, that is best for everyone. So the only way people can be sure that they’re getting the right tariff for them is to compare all the deals being offered from as many providers as possible.”

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