Cheapest dual fuel deal axed by EDF today

EDF have pulled the cheapest dual fuel deal for gas and electricity from the market today, in a further blow to UK households.

EDF’s Fixed Saver Version 2, which costs an average of £1,009 per year, and guarantees no more price rises until September 2012 will not be available to new customers from today.

This now means that all of the big six energy suppliers have cut their cheapest tariffs and introduced new pricing that raises the cost of Gas by up to 19 per cent and the cost of electricity by up to 19 per cent.

The Npower price rise takes effect from tomorrow (1st October) and EDF’s price rise applies from the 10th November.

Scottish Power now offers the most competitive dual fuel deal. Their Online Fixed Price Energy December 2012 deal charges an average of £1,015 per year for gas and electricity.

As all of the major utility suppliers have announced their price increases for the winter, now is a good time to compare all energy tariffs to find the best deal as consumers will be comparing like-for-like.

Many people in the UK have switched to fixed price deals in the hope of mitigating the effects of price rises. However, if you want to change tariffs before your contract expires, be aware that you are likely to be charged a termination fee, which is likely to cost between £20 and £80.

Use the Myfinances.co.uk comparison tables to find the best deal on gas and electricity.