3 September 2012

EDF Energy pulls Blue + Price Promise April 2014 deal

EDF energy have pulled their best selling Blue + Price Promise April 2014 tariff. This follows SSE's 9% price increase from October 2012.

Following the news of SSE raising prices by 9% from October and speculation that the rest of the big 6 suppliers would be following suit shortly, EDF have now pulled their biggest selling Blue + Price Promise April 2014 tariff, reports Emma Wall, personal finance reporter for the Telegraph.

The unusual feature of the Blue + Price Promise tariff was the combination of a no-increase price deal and no charge for early termination. This leaves Scottish Power as the only big six supplier with a similar deal with their Online Fixed Price Energy January 2014 tariff.

EDF energy say they buy energy for fixed price tariffs in advance based on estimated numbers signing up. With a surge in demand for the tariff in recent weeks, they now expect to meet their cap on the number of customers they can support based on the energy they have purchased. They have therefore removed the tariff from comparison sites though it remains available directly from EDF for a short time. EDF say they will be launching a new fixed price tariff shortly though no details are available yet.

With most pundits expecting further price increases, consumers are being urged to move quickly to secure the best energy deals before winter. Don't forget that a number of suppliers reduced their prices in February this year (after raising them by more in Autumn 2011) and don't ignore early termination charges or lost discounts if you cancel early. For example some nPower tariffs only credit you with your discounts on the last bill of the year and First:Utility's Smart as Standard dual fuel discount is applied after 12 months.