Here at the Big Deal we’re on a mission to scope out corruption in the energy industry in all it’s forms. Some scandalous new information has come to our attention which we believe you need to know about…
It turns out EDF is up to some sneaky tricks to maximise their profits, leaving loyal customers massively out of pocket.
We’re talking a double whammy in exploitative tactics.
To understand how they’re doing this you need to know a little about how big energy monopolies work.
Regional monopoly suppliers
In 1990, when the UK’s regional electricity boards were privatised, the UK’s energy supply was divvied up amongst the Big Six companies (British Gas, E.ON, EDF Energy, nPower, Scottish Energy and SSE).
(The numbers start at 10 to work with meter readings)
We can now reveal that EDF are exploiting their monopoly over their own regions. The very regions where millions of customers were handed to them on a plate!
The EDF rip-off
EDF has a fixed deal out which in some regions is quite good, others not so good. Surprise, surprise, in the regions where EDF has the monopoly the deal is the worst.
There’s a massive £261 a year difference for an average household between the price in Yorkshire and the price offered to those in the South West for the same EDF deal!
Here are their ludicrous prices for their ‘Online Saver’ deal:
|EDF – Online Saver Nov18|
|North East England||Npower||£878|
|Merseyside & North Wales||Scottish Power||£895|
|South Scotland||Scottish Power||£1,035|
|North West England||Eon||£1,061|
|South East England||EDF||£1,095|
|South West England||EDF||£1,127|
But it doesn’t stop there. EDF’s Standard Variable Tariff, the worst rip-off tariff and the one most Brits are on is priced even higher in their regions:
|Monopoly Supplier||EDF (SVT)|
|South Scotland||Scottish Power||£1,102|
|North West England||Eon||£1,128|
|Merseyside & North Wales||Scottish Power||£1,135|
|North East England||Npower||£1,144|
|South East England||EDF||£1,172|
|South West England||EDF||
Essentially, the more customers EDF has, the more EDF takes advantage, by pricing deals worst for them – ultimately making them more money.
We believe this is outrageous and a blatant attempt to squeeze more money out of unwitting EDF customers.
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