Eon V7 HELP!

Easilyconfused

Hi

I am currently on Incapacity Benefit for long term illness, so every penny really counts, in addition I get very easily confused with monet matters, so any advice would be a great help.

I am currently with Eon - dual fuel standard tariff. I pay £100 pcm by phone (going up to £124 nxt month).
When I paid last month (20 June), the tariff protection was promoted to me at £5.44 pcm. Being unsure, I have taken some time to try to understand this, and switching, but gave up. After the recent MSE email to cap ASAP I decided I would go with the offer from Eon.

When I phoned this morning I was informed that capping now will cost me more than double what I was told, about £12.75 pcm. Reason being cost of capping went up at the beginning of July. Basically £70 a year more than I was quoted and £153 a year more on top of my current bill.

So I give up, do I go for this? or just continue to bury my head in the sand as I usually do?

Capping stikes me as very immoral, basically gambling, and as always the poor and not so bright just continue to be penalised.

spiro

You say you are paying £100 now which is due to increase to £124 but I presume this is not due to any EON price increase. EDF have already announced a large increase which works out at roughly 20% increase acroos the 2 fuels. If EON do the same your £124 will increase by about £24. On that basis paying £12.75 is going to save you about £11. What you need to check is how long the price is capped for and what if any increase you may incur. Hope that helps you.