6th February 2016 – A new and exclusive EDF tariff, offering £50 cashback and one-year free boiler and heating insurance, has today launched on comparethemarket.com. The new two-year fixed dual fuel tariff is called EDF Blue+Heating Protect Mar 19 and is open to comparethemarket.com customers from 6th February to 19th February.
The new energy tariff comes as 29 fixed tariffs are coming to an end in February and a further 32 tariffs set to end in March. The customers on these tariffs will move onto standard variable rates, collectively adding almost £125 million more to their annual energy bills if they don’t switch.
As energy prices continue to rise, the two-year fixed tariff will provide comfort for consumers who will likely face significant price hikes if they are on, or are moved onto, a standard variable tariff. Recently Npower increased the cost of its standard variable tariff by 9.8%, adding on average over £100 to bills and, according to recent research, this hike in variable tariffs is expected to happen across the board, with estimates indicating a 5 – 10% rise. The one-year free boiler and heating insurance on the new EDF tariff will also provide additional certainty for consumers, as a broken boiler can often cost more than £150 to repair.