EDF Blue Plus Price Freeeeze – Freeze your price, or freeze your bollocks off

First, this isn’t a witch hunt.  Just an example of what tosh we’re all being subjected to by our energy providers.

Through the post the other day, we received an offer from EDF. “No price rises guaranteed until March 2017”. “Wonderful”, thinks I, “I’ll have a look, for I am a tight Yorkshireman”.

At first glance, and having had a chat with an EDF bod on Twitter, all seemed accurate; it will indeed be a fixed price until 2017, an increase of 2 years on their existing Price Freeeeze deal until 2015.

“Smack my ass and call me Susan”, I say, “sign me up with big bells on”.

So, I pop online to confirm my particulars. “Sign up” says the magic button. But wait, there is another option to have a look at the figures. Being a nosey bastard, I had a look at the figures. Here they are:

edf

So. I could sign up for their existing deal, to fix to March 2015, or for an extra £156.00 a year, sign up to fix it until 2017. “HOLY GAS PIPE FLANGE BATMAN” I say to myself. “That’s a lot of money”.

So I questioned the ethics with EDF, and was assured, this was all in my best interests:

EDF2

Nice basset-hound.

So, after firing up the old grey matter, and with a bit of MS Excel wizardry, this is how it pans out.

Bit of maths, feel free to skip. Assuming I start paying from next month, at the rates they said (£1340pa = £111.67/month) and (£1184pa = £98.67/month), these are the monthly payments and cumulative until March 2017. I have assumed a 12% pay rise per year (EDF have had a 7.5%, 4.5% and 10.8% rise in electricity prices since March 2011, a cumulative total percent of 24.47%, so roughly 12% per year, give or take), and applied that when the March 2015 ran out, and in March 2016 also.

EDF3

So, as you can see at the bottom, if I freeze to March 2017, I pay £4,466.  If I freeze to March 2015 and expect a 12% rise for the next two years, I pay £4,365. £88 LESS.

Cheeky cheeky EDF, “Great value energy over a fixed term period” MY OLD COCK.

Just have a peek at the figures in yellow though. Based on even my fairly low bills, I would have paid £221 MORE by the end of March 2015 being fixed at the 2017 offer. If a quarter of a million get hoodwinked into this without checking the details, that’s £55.25 million in EDF’s bank, making interest.

So EDF, I will NOT be signing up to you. I shall remain getting shafted by one of the other energy companies, but one which, at present, hasn’t paraded out any such bile.

Here’s what I really think though EDF; let’s assume you sign up only one person with this. An old lady, no one to look after her, with a pension, and already wondering if she can afford to pay her utility bills this winter.  You’re “great deal” to freeze her prices until March 2017 will be taking 13% more off her per month until March 2015. You know this. She might be fucking dead by then, and the word “FREEZE” might be more appropriate than you might have wanted.

Go home and think about your elderly relatives. Your “offer” is an unethical disgrace.

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