8 Apr 14

EDF Energy launches Blue+Price Promise July 2015

EDF Energy, the UK’s largest producer of low carbon electricity, has today announced the launch of Blue+Price Promise July 2015 – an energy tariff that provides fixed prices till July 2015.


Blue+Price Promise July 2015 will replace the company’s existing shorter-term fixed-price tariff, Blue+Price Promise June 2015, and is £1,070 a year via Direct Debit* for a typical dual fuel customer**, based on a national average of regional prices - making it the cheapest fixed priced tariff offered by any of the major energy suppliers.***


Like all of EDF Energy’s tariffs, Blue+Price Promise July 2015 comes with no exit fees, so customers have the freedom to switch to another energy product at any point.


Customers signing up to Blue+Price Promise July 2015 will benefit from:


  • Fixed prices for 16 months
  • No termination fees
  • An industry-first ‘Price Promise’ - where they will be informed if EDF Energy or another supplier launches a tariff which saves them £1 a week (£52 a year) or more at typical consumption****
  • A guarantee that the electricity they use will be matched by low carbon electricity generated by nuclear power stations without them paying a premium*****
  • UK-based call centres

Blue+Price Promise July 2015 will be available to dual fuel, and electricity-only customers with credit meters. It will also be open to both new and existing customers. Customers are able to manage their account online through the company’s ‘My Account’ system and are encouraged to sign up to the tariff through www.edfenergy.com.


For those who prefer to fix their energy prices for a longer period, EDF Energy is also extending the length of its longer-term fixed-price product Blue+Price Freeeeze.


Blue+Price Freeeeze July 2017, which launches today (April 8), will replace the company’s existing Blue+Price Freeeeze March 2017 product, and will allow customers to fix their prices for four months longer at only £8 a year extra.******


Based on a national average of regional prices, the annual dual fuel bill for a typical customer* on Blue+Price Freeeeze July 2017 paying by direct debit would be £1,210 a year.


Beatrice Bigois, Managing Director of Customers at EDF Energy, said: “We have experienced unprecedented demand for our range of fixed-priced Blue tariffs, with more than two million customer accounts signing up to Blue since its launch in April 2012.


“Blue+Price Promise July 2015 guarantees peace of mind, allowing customers to fix their prices till July 2015. And unlike some products offered by other energy suppliers, customers have the flexibility to leave for free at any point if they find a better tariff. It’s an example of how we’re listening to our customers and taking action to bear down on rising costs, and we will continue in our efforts to do so.”


In November 2013, EDF Energy was the first energy provider to announce that it would take action and limit price rises for customers, by holding back rising costs from the Government’s ECO social and environmental schemes. And in February 2014 the energy company was the first to state that it would give customers a full annual refund on direct debit credits. EDF Energy has further proposals to simplify bills, and is recommending simple petrol-forecourt style energy pricing so customers can compare prices more easily. Most recently, the company announced it plans to launch a fixed rate tariff for prepayment meter customers this summer to provide real choice for the first time, allowing customers to protect themselves against any potential price rises.


In the 2014 Consumer Moneyfacts Awards, EDF Energy was named as ‘Energy Provider of the Year’, an award scheme that uses feedback from more than 90,000 consumer surveys to select its winners.


ENDS


Footnotes:


Blue+Price Freeeeze July 2017 will replace Blue+Price Freeeeze March 2017. The last day of sale for Blue+Price Freeeeze March 2017 will be April 7 2014.


*Based on a national average of regional prices, the annual dual fuel bill for a typical** customer on Blue+Price Promise July 2015 paying by direct debit would be £1,070 a year. Using the same criteria, the annual dual fuel bill for Blue+Price Promise June 2015 was £1,099.


**Typical use from 1st January 2014 as defined by Ofgem is 3,200kWh electricity, 13,500kWh gas and 4,600kWh of electricity for Economy 7 customers.


***EDF Energy’s Blue+Price Promise July 2015 is the cheapest fixed-priced energy tariff currently (April 8) sold by the major energy suppliers. The major suppliers are: EDF Energy, British Gas, E.ON, npower, SSE and Scottish Power. Based on a national average of regional prices using Ofgem’s typical** use figures, for a customer paying by direct debit.

****Our Price Promise means that we’ll tell our customers when another supplier is more than £1 a week cheaper (that’s £52 a year) at typical use. The £1 cheaper a week promise is based on comparing our electricity only or dual fuel Blue+Price Promise tariff prices against new tariffs (launched since the customer joined or since the customer’s last price alert notification) on equivalent payment methods and at typical** annual consumption. For more details on how our Blue+Price Promise works visit edfenergy.com/blue. Competitor tariffs may be subject to availability; check with the supplier for full information.


*****Both Blue+Price Promise July 2015 and Blue+Price Freeeeze July 2017 come with a guarantee that 100% of the electricity a customer uses will be matched by low carbon electricity generated by EDF Energy’s nuclear power stations. Low-carbon electricity purchased for Blue is supplied into the National Grid. Blue customers receive electricity via the National Grid, not directly from low-carbon generators. For more information visit www.edfenergy.com/blue. EDF Energy has appointed an external company to provide an audit of the company’s energy supply matching process – to ensure it does meet this guarantee.


******Based on a national average of regional prices, the annual dual fuel bill for a typical** customer on Blue+Price Freeeeze July 2017 paying by direct debit would be £1,210 a year. Using the same criteria, the annual dual fuel bill for Blue+Price Freeeeze March 2017 was £1,202.


For more information contact the EDF Energy press office:



Nick Foley: nick.foley@edfenergy.com 0207 752 2196


Pippa Burgess: Phillippa.burgess@edfenergy.com 0207 752 2266


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-fifth 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 5.8 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 developed one of the biggest environmental and social programmes of any British energy company.


In 2013 EDF Energy received seven “Big Ticks” in the Business in the Community (BITC) Responsible Business Awards, including a Platinum Big Tick in BITC’s Corporate Responsibility Index. EDF Energy also received the Environmental Leadership for Behavioural Change Award in the national 2013 Environment and Energy Awards and was highly commended in the first ever pan European Corporate Social Responsibility Awards scheme for its Sustainable Schools programme – the Pod.




EDF was an official partner and the official electricity supplier to the London 2012 Olympic and Paralympic Games. The company supplied electricity to the Olympic Park which was backed by low-carbon sources: 80% from nuclear and 20% from renewable generation.


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.