New EDF Energy plan focuses on flexibility

The new plan doesn’t carry any cancellation fees, but is £55 more expensive than the current cheapest deal

EDF Energy's new plan is the cheapest fixed plan without exit fees

EDF Energy’s new plan is the cheapest fixed plan without exit fees

EDF Energy has today launched the Blue+Price Promise August 2015 tariff, which is priced at £1,049 per year, for the average household*.

The new plan allows consumers to lock their energy rates until 31 August 2015 and does not have any cancellation fees. The plan is currently the cheapest on the market, without any hidden fees, but still costs £55 more, per year, than First Utility’s market leading offer.

The Blue+Price Promise August 2015 deal will appeal to any consumers looking for flexibility and who actively monitor the energy market, in case a cheaper deal is announced.

Cheap plans and cancellation fees

The new tariff has earned EDF Energy a spot in the top five of the energy best buy table, although the big six supplier is still some way behind current leaders First Utility and Ovo Energy. Each of the latter is currently offering customers a sub-£1,000 annual deal – the cheapest average, dual fuel tariffs seen in the past two years.

However, it is worth noting that both First Utility’s iSave Fixed July 2015 tariff and Ovo Energy’s Cheaper Energy Fixed deal carry £30 per fuel cancellation fees. This means that should you decide to leave your plan before it ends, you will have to pay a £60 fee (if you are on a dual fuel contract).

Consumers looking for a longer fix which doesn’t carry cancellation fees should consider ScottishPower’s Fixed Price Energy June 2016 Online. This tariff allows households to fix energy rates until the 30 June 2016, at an average cost of £1,152 per year.

*Based on a medium usage customer using 3,200 kWh of electricity and 13,500 kWh of gas paying by direct debit with bill sizes averaged across all regions.

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