EDF Energy Launches Blue +Price Promise
EDF Energy Launches Blue +Price Promise
EDF Energy Launches Blue +Price Promise
You also want an ePaper? Increase the reach of your titles
YUMPU automatically turns print PDFs into web optimized ePapers that Google loves.
<strong>EDF</strong> ENERGY LAUNCHES BLUE +PRICE PROMISE:<br />
BRITAIN’S FIRST NUCLEAR-BACKED LOW CARBON<br />
TARIFF FOR RESIDENTIAL CUSTOMERS WITH A UNIQUE<br />
INDUSTRY PRICE PROMISE<br />
~ Company will tell <strong>Blue</strong> <strong>+Price</strong> <strong>Promise</strong> customers if another supplier launches a tariff which<br />
is £1 or more cheaper a week at typical consumption ~<br />
~ No termination fees mean customers can switch supplier for free ~<br />
~ <strong>EDF</strong> <strong>Energy</strong>’s website will allow customers to compare <strong>Blue</strong> <strong>+Price</strong> <strong>Promise</strong> against all<br />
suppliers ~<br />
<strong>EDF</strong> <strong>Energy</strong> will next week launch Britain’s first 100% nuclear-backed tariff for residential<br />
customers – which comes with a ground-breaking promise to let customers know if a rival<br />
supplier brings out a tariff which is £1 or more a week cheaper at typical consumption.<br />
<strong>Blue</strong> <strong>+Price</strong> <strong>Promise</strong> tariffs will offer customers a guarantee that their electricity will be<br />
backed from low carbon generation, an industry first price promise and the total flexibility to<br />
move to another supplier whenever they like without paying an exit fee. The first in the<br />
series, which goes on sale on Monday, April 2, will offer a fixed price up until September<br />
2013 and will be called <strong>Blue</strong> <strong>+Price</strong> <strong>Promise</strong> September 2013.<br />
Based on a national average of regional prices, the annual dual fuel bill for a customer on<br />
<strong>Blue</strong> <strong>+Price</strong> <strong>Promise</strong>, paying by monthly direct debit, will be £1,054.20 at typical<br />
consumption – making it one of the cheapest deals in the market.<br />
But unlike any tariff on the market, <strong>EDF</strong> <strong>Energy</strong> pledges to notify customers if another energy<br />
provider is offering a tariff which could save them £1 or more a week at typical<br />
consumption1. There is no termination fee so customers can choose to switch to a cheaper<br />
tariff for free if they wish to.<br />
The new tariff will also come with a guarantee that the electricity a customer uses will be<br />
matched by low carbon electricity generated by nuclear power stations2. It is the first time<br />
domestic customers will be able to buy a nuclear product, offering a low carbon, safe and<br />
secure energy source.
Unlike some other low carbon tariffs, no premium will be charged for the low carbon<br />
guarantee, which will be audited by a third party.<br />
Martin Lawrence, Managing Director of <strong>Energy</strong> Sourcing and Customer Supply at <strong>EDF</strong><br />
<strong>Energy</strong>, said: “Consumers want greater clarity and flexibility from energy tariffs and we know<br />
that fair and simple pricing helps to build consumer trust.<br />
“<strong>Blue</strong> <strong>+Price</strong> <strong>Promise</strong> sets a new gold standard in transparency with its ground-breaking<br />
price promise. It puts customers in the driving seat. Those signing up to the first <strong>Blue</strong> <strong>+Price</strong><br />
<strong>Promise</strong>, which goes on sale on Monday, will know they are on one of the most competitive<br />
fixed price tariffs and that we will tell them if any supplier launches a deal which could save<br />
them £1 a week or more. There are no deals on the market today which would save <strong>Blue</strong><br />
<strong>+Price</strong> <strong>Promise</strong> customers more than £1 a week.<br />
“We’re also proud to be launching Britain’s first 100% nuclear tariff which will allow domestic<br />
customers to benefit from low carbon energy, low prices and a no fee switching promise.<br />
“Recent polling has found strong public support for nuclear energy in Britain as people<br />
recognise the value of investing in a clean, safe, secure energy source.”3<br />
<strong>EDF</strong> <strong>Energy</strong> will monitor all prices, across the full spectrum of energy suppliers and will make<br />
customers aware of cheaper tariffs meeting the price promise by email, online or by post.4<br />
Customers will also be able to check which supplier and tariff offers them the best price by<br />
visiting <strong>EDF</strong> <strong>Energy</strong>’s own website, which will search every deal across the market and<br />
display the cheapest based on the customer’s energy usage and location.<br />
<strong>Blue</strong> <strong>+Price</strong> <strong>Promise</strong> reflects <strong>EDF</strong> <strong>Energy</strong>’s determination to rebuild trust in the industry by<br />
offering a fair and transparent range of tariffs and services.<br />
It forms a key part of <strong>EDF</strong> <strong>Energy</strong>’s customer commitments, which were unveiled earlier this<br />
week. The commitments focus on fair value, better service and simplicity<br />
(http://www.edfenergy.com/ourcommitments). These commitments include a pledge that<br />
around 150,000 elderly customers identified as most in need would automatically benefit<br />
from the company’s lowest prices.<br />
~ Ends ~
For more information, please contact:<br />
Phillippa Coates<br />
Ph: +44 (0)20 7752 2266<br />
e-mail: phillippa.coates@edfenergy.com<br />
Note to editors:<br />
<strong>EDF</strong> <strong>Energy</strong><br />
Joanne Smalley<br />
Ph: +44 (0)20 775 2181<br />
e-mail: joanne.smalley@edfenergy.com<br />
<strong>EDF</strong> <strong>Energy</strong> is one of the UK’s largest energy companies and the largest producer of low-carbon<br />
electricity, producing around one-sixth of the nation's electricity from its nuclear power stations, wind<br />
farms, coal and gas power stations and combined heat and power plants. The company supplies<br />
gas and electricity to more than 5.5 million business and residential customer accounts and is the<br />
biggest supplier of electricity by volume in Great Britain.<br />
<strong>EDF</strong> <strong>Energy</strong>’s safe and secure operation of its eight existing nuclear power stations at sites across<br />
the country makes it the UK’s largest generator of low carbon electricity. <strong>EDF</strong> <strong>Energy</strong> is also leading<br />
the UK's nuclear renaissance and has published plans to build four new nuclear plants, subject to<br />
the right investment framework. These new plants could generate enough low carbon electricity for<br />
about 40% of Britain’s homes. They would make an important contribution to the UK’s future needs<br />
for clean, secure and affordable energy. The project is already creating business and job<br />
opportunities for British companies and workers.<br />
Through Our Sustainability Commitments, <strong>EDF</strong> <strong>Energy</strong> has launched one of the biggest<br />
environmental and social programmes of any British energy company and the company has since<br />
been awarded the highest ranking of Platinum Plus in Business in the Community’s 2011 Corporate<br />
Responsibility Index, the UK’s leading voluntary benchmark of corporate responsibility.<br />
<strong>EDF</strong> is the official energy utilities partner and sustainability partner of the London 2012 Olympic and<br />
Paralympic Games. The company is also helping its customers and others use energy more<br />
sustainably through products and initiatives such as Team Green Britain, smart meters and electric<br />
vehicle research.<br />
<strong>EDF</strong> <strong>Energy</strong> is part of <strong>EDF</strong> Group, one of Europe’s largest power companies. The company employs<br />
around 15,000 people at locations across the UK.<br />
For more news from <strong>EDF</strong> <strong>Energy</strong> please see www.edfenergy.com/media-centre/ . To find out<br />
more about the UK's energy challenges look at http://www.edfenergy.com/energyfuture/<br />
Footnotes<br />
1. Customers will be informed via email within 10 working days of a supplier informing the company<br />
of a deal which is £1 or more a week cheaper at typical consumption (3,300 kWh of electricity and<br />
16,500 kWh of gas per year for Standard meters; and 5,000 kWh of electricity for Economy 7<br />
meters, as defined by Ofgem). The same information will also be published on the <strong>EDF</strong> <strong>Energy</strong><br />
website and updated within two working days of a supplier informing the company of a deal which is<br />
£1 or more a week cheaper. Customers who are not online will get a letter within 10 working days.<br />
Customers will also be able to check at their own consumption levels on the <strong>EDF</strong> <strong>Energy</strong> website.<br />
2. <strong>Blue</strong> <strong>+Price</strong> <strong>Promise</strong> September 2013 comes with a guarantee that 100% of the electricity a<br />
customer uses will be matched by low carbon electricity generated by <strong>EDF</strong> <strong>Energy</strong>’s nuclear power<br />
stations. <strong>EDF</strong> <strong>Energy</strong> is appointing an external company to provide an audit of the company’s<br />
energy supply matching process – to ensure it does meet this guarantee. Their report will be<br />
published on the <strong>EDF</strong> <strong>Energy</strong> website.
3. An ICM online omnibus poll found that 65% of people agreed that nuclear energy was needed as<br />
part of country’s energy balance along with gas, coal and wind power. The survey was carried out<br />
between March 9-11, 2012, and based on the responses of 2,013 people.<br />
4. The price promise means <strong>EDF</strong> <strong>Energy</strong> will tell customers if there is a product which is £1 or more<br />
a week cheaper than <strong>Blue</strong> <strong>+Price</strong> <strong>Promise</strong> September 2013 at typical consumption. The company<br />
will monitor competitors’ prices by using their official rate cards. This promise relates to both fixed,<br />
standard variable and capped prices, and includes all suppliers.