e.on Fixonline 8 - question for e.on Company Representative on alternatives?

Ferr96

emeraldbugle wrote: »

Isn't the April 2013 a capped tariff? A fix would have been good.

A capped tariff does exactly the same thing as a fixed tariff.

The only difference is, IF prices fall, yours will fall too...whereas in a fixed tariff they remain the same and you end up paying above the odds.

Capped tariffs are better than fixed tariffs.;)

Cardew

Ferr96 wrote: »

A capped tariff does exactly the same thing as a fixed tariff.

The only difference is, IF prices fall, yours will fall too...whereas in a fixed tariff they remain the same and you end up paying above the odds.

Capped tariffs are better than fixed tariffs.;)

However lots of firms introduce tariffs at an attractive rate, say 12%, below Standard tariff rate and guarantee that they will always be at least, say 2% below Standard rate.

So they can increase prices by 10% without Standard rate moving and still be within their T & Cs

Ferr96

Cardew wrote: »

However lots of firms introduce tariffs at an attractive rate, say 12%, below Standard tariff rate and guarantee that they will always be at least, say 2% below Standard rate.

So they can increase prices by 10% without Standard rate moving and still be within their T & Cs

Thats a variable rate, capped tariffs dont track standard rates. Infact, rather the opposite... Theres normally a premium to pay on top of the standard rates like £2-£4 per month. So what you are quoted at the day of sign up, is the most you will ever pay until the contract ends.

The type of tariff you are thinking of is a tracker or an online tariff, those are very cheap, but the price isnt guarenteed.

colacubes

Im another with contract ending 1/7 and not wishing to leave eon due to good customer services, but having to look around. Are we likely to save in the long run switching to the new eon 2013 fixed rate?

grizzly1911

colacubes wrote: »

Im another with contract ending 1/7 and not wishing to leave eon due to good customer services, but having to look around. Are we likely to save in the long run switching to the new eon 2013 fixed rate?

Who knows apart from commodity brokers.

Haven't read the terms but would be expect it to be at a premium to the current online flex, based on previous tariffs and the fact that prices are being talked up.

It just depends whether the variable price( at what ever discount you can find) climbs past your fix and by how far and how long.

Going into a fix or cap only puts off the next increases. A bit like an escalator going up, you get off at the second floor, then have to run up 3 flights of stairs next time you want to get back on. At the moment all talk seems to suggest that the escalator doesn't have any down buttons.

If it isn't going up why fix, at a premium, to save money alone.

You just have price certainty for the duration of the scheme.

Cardew

Ferr96 wrote: »

Thats a variable rate, capped tariffs dont track standard rates. Infact, rather the opposite... Theres normally a premium to pay on top of the standard rates like £2-£4 per month. So what you are quoted at the day of sign up, is the most you will ever pay until the contract ends.

The type of tariff you are thinking of is a tracker or an online tariff, those are very cheap, but the price isnt guarenteed.

I am fully aware of the conditions of tariffs - I didn't imply it was a capped/fixed tariff.

I merely pointed out that companies were introducing that sort of tariff and the wording "we guarantee it will not rise above x% below Standard rate etc until July 2012" leading the uninformed to think it was a far better bet.

Doc_N

This might be a longer term option for some (still available at the moment through uSwitch) but depends on your views on future energy price movements. I'm pessimistic, so for me it's a good deal:

Platinum Fixed Energy January 2014 Online V2
Fixed energy prices until January 2014

Geoffo_M

I've just moved from the FOL8 to the price protected April 2013 tariff. For me it was only 7% higher than the EnergyOnline tariff that we will be moved to on the 1st July, & I thought as big increases are predicted in most tariffs, this represented good value. I agree as well about what everyone says about Eon's good service, so I'm happy to stay.

Geoffo_M

Doc_N wrote: »

(still available at the moment through uSwitch)

Can't stand Uswitch, why you can't compare without entering all your personal details seems wrong to me

moneykev

Doc N - have you decided to move to ScotsPower ?

I looked at that too. I can change today and am mystified.

Was with OVO but their gas prices have rocketed - had a good year of cheap prices and now back to reality!

However, fixing with SP will cost way more than standard price:
£1478 for Online energy saver 14 Dual
£1668 for the platinum fix jan2014 online v2

So do I stump up loads now or loads later???

Only paid £1200 for OVO - they were obviously trying to woo new customers with really low prices in the hope that 50% or so will stay even when prices rise.

Is it worth staying off a long-term fix in the hope that another company will do the same next year??

Comments on last point especially welcomed