e-on offering us R1 deal - any good?

Thursdays_child_3

We got a letter from e-on this morning to say our Price Protection Deal comes to an end 1 October 2009 but they will put us on their Price Protection R1 deal which will protect us from price rises till 1 March 2011.

Is this a good deal? We have dual fuel but as we have solid fuel central heating the only gas we use is a gas hob but our electricity usage will be the same as any other couple in their 60's.

If anymore information is required please ask.

Thank you.

jd87

Most people think prices are going to be falling for the foreseeable future, and as today's British Gas news shows, a price war might be brewing. This suggests there is no need to sign up to a capped tariff. Capped tariff's like this one are normally more expensive than basic variable tariffs to start with. Go to a comparison site and find out for yourself what is best for you. Don't just take your current suppliers word.

ronald208

Hi Thursdays child, does it give you the actual kwh prices for the Price Protection R1 deal as my fixed rate finishes 1st Oct as well?

Ron

Thursdays_child_3

Yes, it does.

Electricity Primary rate 24.051p Secondary rate 10.42 including VAT

Gas Primary rate 6.903p Secondary 3.605p including VAT

Thursdays_child_3

Can you tell me how I find a comparison site please?

fullstop

Thursdays_child wrote: »

Can you tell me how I find a comparison site please?

Google

Thursdays Child

Here's one to start you with

http://www.energyhelpline.com







If you do intend to switch sign up from a cashback site,and save even more.

Former_E.ON_Company_Representative:_Malc

Hi Thursdays child

Sounds like you are on Price Protection version 17. The R1 is a replacement for this once your existing tariff expires on 1 October 2009.

Whilst on Price Protection 17 your prices will not have changed for 12 - 18 months depending on when you signed up. Therefore, the new tariff will have higher prices than version 17.

These new prices are guaranteed not to change until 1 March 2011.

If you wish to continue protecting your prices you need do nothing. You will automatically be switched to the R1 tariff on 1 October.

However, you will need to contact us if you prefer one of our other tariffs.

I would also pop your details on one of the comparison sites to see how we do.

Hope this helps. Give me a shout if you need more info.

Malc

ronald208

Well that isn't their cheapest tariff, their saveonline is 0.2373 and 0.103847 for electric and 0.065247 and 0.0340725 for gas with a 18.1% discount.

Former_E.ON_Company_Representative:_Malc

ronald208 wrote: »

Well that isn't their cheapest tariff, their saveonline is 0.2373 and 0.103847 for electric and 0.065247 and 0.0340725 for gas with a 18.1% discount.

That's right ronald208. Price Protection tariffs initially have higher prices than other products. However, these prices are guaranteed not to be increased before the end of the product.

They are not for everyone but generally suit people who want some pricing stability over a set period.

Price Protection tariffs also don't fix prices. Therefore, any price reductions that come about during the life of the product will be passed on to the customer.

Discounts on the Save Online tariff vary depending on the region.

Always best to put your details on one of the comparison sites to see how we do.

Hope this helps.

Malc

fedupandskint

I'm in the same situation apart from I've been offered Price Protection R3 until May 2011.

Costs are incl of VAT

Primary Gas 6.903p
Secondary Gas 3.605p

Primary Elec 23.962p
Secondary Elec 10.565p

I feel a bit confused about this and whether to switch. I have been happy on the current cap of prices so far ending on 1 Oc 09. The letter says there is a 5.8% higher cost more than standard unit prices.

Can anyone give me some advice about this? The comparison sites have only really highlighted Pay in Advance or British Gas proctected until Apr 2010

1618

Hi all i am also on a price protection 17 plan with E ON that finishes on 1st October,can any one advise if i have to give them notice or do they contact me