Energy giant EDF has launched a dedicated Small & Medium Enterprises (SME) electricity contract as part of its Customer Commitments, in which it pledged in April 2012 to improve services to SMEs.
The New Start tariff is aimed at entrepreneurs, start-ups and businesses that have moved into new premises, and features short term contracts of six-to-nine months, freedom to leave the contract without penalty if their circumstances change unexpectedly, and a fixed, daily charge of just 5p.
EDF will also not automatically roll over New Start customers at the end of their contract, a key measure campaigned for by energy lobbying groups.
Richard Hughes, director of SME at EDF Energy, said he hoped the combination of flexibility, simplicity and low standing charges New Start offers will help remove one of the barriers which could affect a businesses’ success.
Customer Sandra McGarrigle said in a press release that she chose EDF's New Start tariff for her new Betty La La’s restaurant in Brighton because not only was it cheaper, but also she isn't tied in long-term.
"I am so busy at the moment that the last thing I want to be worried about is gas and electricity and just don’t have the time to be shopping around. I can say now, 'that’s sorted', and in nine months when I have more time I can review it,” she said.
The deal got the thumbs up from energy comparison sites too.