E.On - which of their deals is best?

Frogling

I've finally decided to switch suppliers and (hopefully) pre-empt the forecast rise in energy costs.

I've narrowed it down to two different E.On deals. The prices per unit are exactly the same on both, it just appears to be the wording that is different. Energy Saver 4 reads as the price being capped, but could also drop if (by a miracle) prices go down again. It also has a cancellation charge. The Price Protection 17 simply seems to be a fixed rate for the whole term, no reduction if prices should fall, but no cancellation charge. Could anybody please advise me as to which of these deals is the best? Are prices really likely to drop, or am I better locking myself into the Price Protection one of the basis it has no cancellation fee? I'm useless with stuff like this - thank goodness for MSE is all I can say!

Energy Saver 4

Energy Saver 4 prices will not rise above the contracted price within the term of your deal. If, during the price protection period, our standard prices fall below those that apply when you sign up, yours will go down too. Prices ends 1 October 2009. Terms and conditions apply. Energy Saver is available for standard rate and Economy 7 customers only, excluding pre-payment customers. You must pay by Fixed monthly Direct Debit to get your monthly Direct Debit discount. You may be charged a cancellation fee if you terminate your Energy Saver product before the end date.

and

Price Protection 17

Price Protection 17 ends 1 October 2009. Price Protection Electricity and Gas is not available with any other product. Terms and conditions apply. Price Protection Electricity and Gas is available for standard rate and Economy 7 customers only, excluding pre-payment customers. You must pay your bill on time to ensure you qualify for your prompt payment discount, or pay by fixed monthly Direct Debit to get your monthly Direct Debit discount.

billsavings

Heres a recent observation about if prices are likely to drop.

"Joe Malonowski, at TheEnergyShop.com, said the EDF increase was not enough to correct the imbalance between wholesale and retail prices and a second increase could be on the way this winter. However, the oil price has retreated from the records set earlier this year and a second increase "might not have to be that big"."

http://www.guardian.co.uk/money/2008/jul/26/householdbills.consumeraffairs

bristolleedsfan

O/P, if u do decide to switch to E.O.N just in case u arent aware quidco are offering 55.00 dual fuel switch cashback. :beer:

Frogling

Thanks for the replies guys, still can't decide between the two though! Maybe I'll just flip a coin and decide that way - so scared of making the wrong decision and costing myself a small fortune.

corsagirl_2

E-on don't tie you in and think they allow I think 2 or 3 changes of price plan in a year.

Simon_Wallace

I'm about to make the same decision Frogling.

To me the choice appeared to be Free Leccy Meter versus no cancellation charge

http://forums.moneysavingexpert.com/showthread.html?p=12724021#post12724021

In the end I plumped for PP17. If prices do go down then I can cancel it (for no charge) and move to a better fixed rate deal.

Let us know which one you go for, and as Bristol Leeds Fan pointed out, don't forget Quidco.

Cheers
Simon

Frogling

Simon_Wallace wrote: »

I'm about to make the same decision Frogling.

To me the choice appeared to be Free Leccy Meter versus no cancellation charge

http://forums.moneysavingexpert.com/showthread.html?p=12724021#post12724021

In the end I plumped for PP17. If prices do go down then I can cancel it (for no charge) and move to a better fixed rate deal.

Let us know which one you go for, and as Bristol Leeds Fan pointed out, don't forget Quidco.

Cheers
Simon

Thanks for this Simon, I think I'm going to choose the PP17 too - as you said, can always cancel and move should prices drop. Really appreciate the advice

maria340

I've just gone for Eons PP17 option after trying to decide all yesterday. The no cancellation charge swayed it for me.

SiuLoong

I went for ES4 as I wanted the free electricity monitor :rolleyes:

Don't have any plans to change in next 12 months or so again, last switched October last year, don't have time to be doing it more than once a year really so cancellation charge not really a concern.

Frogling

Wish these things were just way simpler than they are now. With the new deal I'll be paying 19p per unit for electric, my old one was 10.27 + a standing charge of 10p per day. Trying to figure out the difference is mind-bogglingly difficult, it's like trying to learn a new language!

greyhoundcrazy

Hi

We have been looking at this today and opted for the PP17 too. I am just about to change now and noticed that there is a premium payable. We are wondering what this is and how much it will be. Have phoned customer services but noone there til 8am tomorrow.

E.ON Price Protection 17

With our Price Protection 17*, if electricity and gas prices go up, your prices won't go beyond your capped rate. If our standard prices come down, your prices could too. And, there are no tie-ins or cancellation fees.

*A premium applies, which varies by consumption, payment method, meter type and location.

Any ideas?

cheers