EDF Energy announces participation in Which?'s Big Switch
The first 'reverse auction' - in which energy suppliers will bid to provide the 280,000 customers signed up to the scheme with their lowest price tariff - is due to take place on May 9.
Co-Operative Energy has also signed-up for the scheme after Which? altered its definition of the term "market leading" bid. The term now adds that an energy supplier can bid for the customers signed-up to the scheme with their current best deals.
EDF has already confirmed that it will be bidding at the Big Switch auction with its existing Blue +Price Promise tariff, according to This Is Money. The company has forecast that, based on average consumption, the fixed price plan would cost Â£1,054.20 per year.
Meanwhile, Scottish and Southern and British Gas have announced that they will not be partaking in the scheme.
Latest gas and electricity news brought to you by UK Power - the energy price comparison site.
Click here to run an energy price comparison, and see if you could be paying less for your gas and electricity.