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20 December 2012

EDF Energy has begun sending rebates out to more than 100,000 elderly customers who will also automatically benefit from its cheapest available tariff – as part a ground-breaking pledge to support those most in need.

The voluntary move will mean the company’s most vulnerable customers will on average save around £140 on their energy bills in 2013* and also receive a rebate worth an average of £47 this winter.**

Eligible customers who pay via cash, cheque or prepayment meter will also receive the same 6% discount on their bills this year as customers paying by monthly direct debit.

EDF Energy is the first and only energy supplier in Britain to ensure its most vulnerable customers are able to benefit from its cheapest prices.

Under scheme, the beneficiaries – all of whom have been identified by the Department of Work and Pensions as being pensioners already in receipt of the £130 a year Warm Home Discount  – will see their prices matched to the company’s Blue +Price Promise September 2013 fixed tariff.

Blue +Price Promise September 2013 was the cheapest tariff offered by the company following the launch of its pledge as part of its Customer Commitments on fair value, simplicity and better service.  

In addition, this winter all EDF Energy’s customers will receive a new annual statement providing details of the cheapest tariff on offer. The statement will also confirm details of the customer’s current tariff, other tariff options and savings which could be made, for example by paying via direct debit.  

Martin Lawrence, managing director of energy sourcing and customer supply, said: “We are proud to be the first and only energy supplier to ensure its most vulnerable customers benefit from its cheapest prices.

“Over the coming weeks over 100,000 pensioners on low incomes will receive rebates and will also benefit from lower energy prices next year than they would have otherwise paid.

“We believe this is the right thing to do and follows through on the commitments we made earlier this year to our customers on providing fair prices.”

During this scheme, EDF Energy will continue to ensure that these customers benefit from its cheapest available prices. This means that when Blue +Price Promise September 2013 comes to an end, customers on the scheme will automatically move to the next best tariff at that time.

The scheme builds on EDF Energy’s strong track record for helping its most vulnerable customers. The company was the first to launch a social tariff – offering discounts to people on low incomes – and the first to launch a trust fund offering grants to people in need.

Footnotes

* Saving will vary by fuel, consumption, payment method, region, meter and current tariff. The £140 average is based on the customer group identified to date calculated at Ofgem typical consumption.  A table of estimated customer savings is shown below:

 2013 Saving vs. Standard Variable

Standard Electricity

Economy 7 Electricity

Dual Fuel

Customer paying by:

Credit / Prepayment

Direct Debit

Credit / Prepayment

Direct Debit

Credit / Prepayment

Direct Debit

DD matching

£33

n/a

£38

n/a

£80

n/a

Price match to cheapest

£89

£89

£95

£95

£196

£196

Total expected saving in 2013

£122

£89

£133

£95

£276

£196

NB: Savings calculated at Ofgem typical consumption, defined as 3,300kWh Standard electricity, 5,000kWh Economy 7 electricity with 55% consumed at night, 16,500kWh Standard gas.

** Value of rebate will vary by fuel, payment method, region, meter and current tariff and has been calculated based on average consumption for this customer group. The maximum rebate will be £125 for a customer on Price Protection 2014 tariff, paying by cash cheque, in South Scotland.

For further information, please contact:

Phillippa Burgess, 0207 752 2266 or phillippa.burgess@edfenergy.com

Or

Nick Foley, 0207 752 2106 nick.foley@edfenergy.com

For all the latest news follow @EDFEnergyComms on Twitter

 

Notes to Editors

EDF Energy

EDF Energy is one of the UK’s largest energy companies and the largest producer of low-carbon electricity, producing around one-sixth of the nation's electricity from its nuclear power stations, wind farms, coal and gas power stations and combined heat and power plants. The company supplies gas and electricity to more than 5.5 million business and residential customer accounts and is the biggest supplier of electricity by volume in Great Britain.

EDF Energy’s safe and secure operation of its eight existing nuclear power stations at sites across the country makes it the UK’s largest generator of low carbon electricity. EDF Energy is also leading the UK's nuclear renaissance and has published plans to build four new nuclear plants, subject to the right investment framework. These new plants could generate enough low carbon electricity for about 40% of Britain’s homes. They would make an important contribution to the UK’s future needs for clean, secure and affordable energy. The project is already creating business and job opportunities for British companies and workers.

Through Our Sustainability Commitments, EDF Energy has launched one of the biggest environmental and social programmes of any British energy company. In the 2012 Business in the Community Awards for Excellence EDF Energy won the awards for Environmental Leadership and Building Stronger Communities. In addition the company received eight BITC “Big Tick” awards in recognition of responsible business practice and was shortlisted for Responsible Business of the Year.

EDF was the official electricity supplier and an official partner of the London 2012 Olympic and Paralympic Games. The company is also helping its customers and others use energy more sustainably through products and initiatives such as Team Green Britain, real time energy monitoring and electric vehicle research.

EDF Energy is part of EDF Group, one of Europe’s largest power companies. The company employs around 15,000 people at locations across the UK.

For more news from EDF Energy please see www.edfenergy.com/media-centre/ . To find out more about the UK's energy challenges look at www.edfenergy.com/energyfuture/