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Spend & Save

Money alert: Energy price freezes

EDF Energy launched two new tariffs this week promising customers the chance to freeze their energy prices with no exit fees.

Blue+Price Freeeeze March 2017 offers the chance to freeze prices for the next four years, while a similar deal offers a two-year fix.

Based on a national average of regional prices, the annual dual-fuel bill for a typical customer on Blue+Price Freeeeze March 2017 paying by direct debit would be £1,340 a year.

Meanwhile, First Utility has promised to freeze prices until the end of winter, ie March. This is ahead of reports that the Big Six firms are set to increase prices by 10 per cent next month.

First Utility currently offers the cheapest fixed-rate tariffs through to 2015 and 2016.

Labour leader Ed Miliband put the energy-bill freeze idea on the national agenda, but we could all save by fixing.