EDF is trying to persuade me to switch to a cheaper tariff - my contract is up
in two months. They even promise to refund the early exit fee if I do so.

But I'm minded to wonder whether in fact they don't expect electricty prices
to drop rather more than the cheaper one they're offering and so are trying to
get people onto a slightly higher cost two-year contract than I'd get if I
waited another month.

Anyone else seeing this?

--
Tim

Tim Streater wrote:

> EDF is trying to persuade me to switch to a cheaper tariff - my contract is up
> in two months. They even promise to refund the early exit fee if I do so.
>
> But I'm minded to wonder whether in fact they don't expect electricty prices
> to drop rather more than the cheaper one they're offering and so are trying to
> get people onto a slightly higher cost two-year contract than I'd get if I
> waited another month.

Obviously prices are due to fall from tomorrow (about 12%) and
predictions for July seem to be a further fall about 8%

After that the forecasts are for two quarters of rising prices, followed
by fairly static prices for the next quarter. All subject to whatever
Vlad gets up to ...

<https://www.cornwall-insight.com/predictions-and-insights-into-the-default-tariff-cap>

On 31/03/2024 11:39, Andy Burns wrote:
> Tim Streater wrote:
>
>> EDF is trying to persuade me to switch to a cheaper tariff - my contract is up
>> in two months. They even promise to refund the early exit fee if I do so.
>>
>> But I'm minded to wonder whether in fact they don't expect electricty prices
>> to drop rather more than the cheaper one they're offering and so are trying to
>> get people onto a slightly higher cost two-year contract than I'd get if I
>> waited another month.
>
> Obviously prices are due to fall from tomorrow (about 12%) and
> predictions for July seem to be a further fall about 8%
>
> After that the forecasts are for two quarters of rising prices, followed
> by fairly static prices for the next quarter. All subject to whatever
> Vlad gets up to ...

So energy prices go up for the coldest months of the year, and down for
the warmer months. "Quelle surprise", as our neighbours across La Manche
might say...

> <https://www.cornwall-insight.com/predictions-and-insights-into-the-default-tariff-cap>

--
Jeff

On 30/03/2024 14:56, Tim Streater wrote:
> But I'm minded to wonder whether in fact they don't expect electricty prices
> to drop rather more than the cheaper one they're offering and so are trying to
> get people onto a slightly higher cost two-year contract than I'd get if I
> waited another month.
>
> Anyone else seeing this?

Yes, they are all at it, because they can make good profits from tieing
you into a fix.

Best thing I have found out there, for a regular tarrif, useable at
anytime of day, is Octopus's Tracker...

I've saved a lot, versus a variable, and even more compared to a fix...

https://share.octopus.energy/jade-light-417

On 30/03/2024 14:56, Tim Streater wrote:
> EDF is trying to persuade me to switch to a cheaper tariff - my contract is up
> in two months. They even promise to refund the early exit fee if I do so.
>
> But I'm minded to wonder whether in fact they don't expect electricty prices
> to drop rather more than the cheaper one they're offering and so are trying to
> get people onto a slightly higher cost two-year contract than I'd get if I
> waited another month.
>
> Anyone else seeing this?
>

Maybe see

https://www.moneysavingexpert.com/utilities/are-there-any-cheap-fixed-energy-deals-currently-worth-it/

--
mailto : news {at} admac {dot} myzen {dot} co {dot} uk

On 30 Mar 2024 14:56:47 GMT, Tim Streater <tim@streater.me.uk> wrote:

>EDF is trying to persuade me to switch to a cheaper tariff - my contract is up
>in two months. They even promise to refund the early exit fee if I do so.
>
>But I'm minded to wonder whether in fact they don't expect electricty prices
>to drop rather more than the cheaper one they're offering and so are trying to
>get people onto a slightly higher cost two-year contract than I'd get if I
>waited another month.
>
>Anyone else seeing this?

Moneybox on BBC Radio 4 this weekend says switch but don't fix. If you
see a better rate from another supplier, switch to it but don't fix
your rate for any length of time.

Nick