EDF Energy has launched Blue +Price Promise February 2015 which allows customers to freeze their prices at a highly competitive rate for the best part of two years, but with the freedom to leave at any time without paying an exit fee.

Based on a national average of regional prices, the annual dual fuel bill for a customer on Blue +Price Promise February 2015 paying by direct debit will be £1,192 a year at typical consumption.

According to uSwitch, the average annual energy bill is £1,265 a year for a customer on a standard tariff paying by direct debit, and £1,353 for a customer on a standard tariff paying by cash or cheque.

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Blue +Price Promise February 2015 is the cheapest 'catch free' fixed priced deal on the market and allows customers to leave at any point without incurring a penalty fee if they find a better deal with another supplier. Some other suppliers charge an exit penalty of up to £100 to dual fuel customers who want to leave their contract early.

Martin Lawrence, Managing Director of Energy Sourcing and Customer Supply, said: "Our Blue +Price Promise February 2015 tariff gives customers the peace of mind of knowing their prices are fixed at a highly competitive rate for the best part of two years – but with the flexibility to leave for free at any point if they find a cheaper deal.

"We'll even promise to tell customers if a rival brings out a tariff which saves them the equivalent of £1 a week or more at typical consumption. Blue +Price Promise puts the customer in the driving seat and delivers the simple, fair and transparent prices they have told us they want. There are no gimmicks or catches. We're delighted that it's proved such a hit with consumers."

(CD)