Today ScottishPower introduced the newest plan in its fixed price family, Help Beat Cancer Fixed Price Energy January 2017.
This plan allows the big six supplier to claim the crown for longest fixed price plan on the market, beating out EDF’s Blue + Price Freeeze November 2016 by one month.
Help Beat Cancer Fixed Price Energy stacks up well against the competition: at £1,350 per year, it is the same price as its closest competitor while fixing rates for 31 days longer. The plan has a £25 cancellation fee per fuel.
In addition, ScottishPower will make a £10 donation to Cancer Research UK for each customer on the plan, and another £10 for each year of the plan’s duration.
‘Safeguarding from price rises’
Tom Lyon energy expert at uSwitch.com says of the new plan:
“It’s great to see that ScottishPower is not only offering customers peace of mind by safeguarding them from price rises for a hefty three years, but it is also helping to beat cancer along the way. However, with a cancellation fee kicking in if a ScottishPower customer wishes to leave the supplier, it’s important for customers to consider their options fully before they sign up.”
Fixed price competition heats up
This isn’t the first time this year ScottishPower has leapfrogged one of its plans into the position of longest fixed price on the market: back in April, the supplier ousted the prevailing plan just one day after npower introduced it to market.
At that time, the Scotland-based energy supplier again beat out the longest fixed plan on the market by one month.
More recently, M&S Energy introduced the market’s cheapest plan, which also happened to be a fixed price plan. Fix & Save averages £1,139 a year, locks in rates until September 2014 and comes with a £50 cancellation fee.