E.ON EnergyOnline dual fuel Vs EDF Fixed Price 2014 Dual Fue

rosscouk

[FONT=&quot]Hi All,

I think I may have been a bit hasty! Up until yesterday I was on an EON dual fuel deal and have been for a couple of years. My energy costs have gone up quite a bit over the last year. I was paying around £65 (Dual Fuel) a month for my victorian terrace, but that has risen to £100 a month with my wife and new-born baby being at home over the winter period.

I used uswitch yesterday to compare some deals and after a few hours of searching plumped for to switch to the EDF fixed price 2014 dual fuel deal. That comes in at around (estimated) £110 a month but fixed until 2014. i.e £10 more a month than current.

Over the next few years I suspect we won't need to use the heating quite so much over winter as the baby will be in nursery for 3 days a week, so our energy consumption may be lower.

So have I made a mistake? Is there a cheaper option? I found it hard to compare the unit cost of the two deals, can anyone help? Online EON quote this as the price for my current deal.[/FONT]
[FONT=&quot]Electricity[/FONT]
[FONT=&quot]Normal units up to 900 kWhs per year[/FONT]
[FONT=&quot]24.8745 pence[/FONT]
[FONT=&quot]Normal units[/FONT]
[FONT=&quot]11.7915 pence per kWh[/FONT]
[FONT=&quot]Gas[/FONT]
[FONT=&quot]Normal units up to 2680 kWhs per year[/FONT]
[FONT=&quot]7.2597 pence[/FONT]
[FONT=&quot]Normal units[/FONT]
[FONT=&quot]3.1584 pence per kWh

Conceivably I have a 7-14 day cooling off period so i could back out of the EDF deal.

Any thoughts?
Thanks[/FONT]

Premier_2

Looking at unit prices is misleading - what you should be looking at is the total annual cost.
A comparison site will give you this.

Note that any variable deal (except SP who have now announced theirs) is likely to increase soon.

rosscouk

Thanks for the quick reply.

Just went back onto uSwitch using the predicted cost of next years energy consumption (provided by EON). It now estimates that we would spend £1200 on EDF with the fix, which is the same as the current £100 a month spend with EON.

Premier_2

rosscouk wrote: »

Thanks for the quick reply.

Just went back onto uSwitch using the predicted cost of next years energy consumption (provided by EON). It now estimates that we would spend £1200 on EDF with the fix, which is the same as the current £100 a month spend with EON.

:huh:

When using comparison sites, the recommended way to get an accurate output is to input your annual usage in kWh.

Putting in monthly DD payments will give misleading results.

bufferz

Plus dont forget, the heating will be higher as you wont want a cooler house with the baby, and at least you know the costs are pretty much set for the next 3 years, so its one less financial concern with everything else you have to buy, so when they say company x has hiked there prices by 80%, you wont care about it...

dave82_2

I am having the same dilema at the moment. Problem is we don't know how much we use a year as we have been renovating the house and living else where. Here is what I came up with.

HalloweenJack

call eon and get your last years annual useage - then sue those numbers on the comparison sites.