The company’s Price Freeeeze March 2017 will freeze consumer’s bills until March 2017 and will cost the average household £1,340 per year.
This is £1 cheaper than the fixed deal offered by Npower, which fixes the price for the same time period. Both of these tariffs will not charge an early exit fee.
EDF Energy has also launched a new mid-length fixed price tariff – its Blue + Price Promise March 2015 plan.
This will fix consumer’s energy bills until spring 2015, with the average household expected to pay £1,183 a year. This deal also does not carry an exit fee.
Ann Robinson, director of consumer policy at Uswitch.com, said: “While rumours of price hikes are never welcome, consumers can take some small comfort from the fact that suppliers are battling it out to offer the most competitive fixed price deals.
She added: “The fact that suppliers are doing battle royal in this part of the market is good news for competition too. It is forcing suppliers to compete hard on the price of these tariffs and to offer increasingly attractive terms, such as no early exit fees.
“This is good news for consumers and serves to demonstrate what competition could deliver if the barriers were raised.”