Cutting your costs, fighting your corner
For immediate release 12 April 2017
On the news that EDF has announced a second standard variable tariff price hike in June 2017, Archna Luthra, head of energy at MoneySavingExpert.com, said:
“EDF has hit millions with a second shock price hike. If you haven’t compared and switched already see this as a final red alarm bell to take action – what are you waiting for?
“After this price rise, an EDF customer will typically be paying £1,160 a year – our cheapenergyclub.com shows the cheapest tariff on the market would cost £842 for exactly the same, and all the cheap deals are one-year fixes, so you’re guaranteed no price hikes.
“The best thing for everyone to do is a five-minute whole-of-market comparison, but if you really don’t want to do that, ring your provider and ask to be put on its cheapest deal. One phone call could save hundreds.”
Notes to editors
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· Full news story available at MoneySavingExpert.com.
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About MoneySavingExpert.com: MoneySavingExpert.com is dedicated to cutting consumers’ bills and fighting their corner. The free-to-use consumer finance help resource aims to show people how to save money on anything and everything, and campaigns for financial justice. It was set up in 2003 for just £100, and its free-to-use, ethical stance quickly made it the UK’s biggest independent money website, according to internet ranking site Alexa.com, and the number one ‘Business and Finance – Business Information’ site, according to Hitwise. It has more than 12 million people opted-in to receive the weekly MSE’s Money Tips email, and more than 16 million unique monthly site users who visit more than 28 million times a month. In September 2012, it joined the MoneySupermarket.com Group PLC.