D Day looming EON Fix on line 8

devon_scouse

Hi
As we all know Fix on line 8 finishes 1st July. I was just wondering what people have decided to do. Stay with EON or move.

alanwsg

A lot of people are off to EDF, either fixing to 2012 or 2014.

gordon2

If I fix until 2012 with EDF it will cost me £1200, or £1293 until 2014.

Eon will cost £1325 to fix and if I do nothing, it will cost me £1140 with eon, so a phone call to EDF on Friday to fix until 2014.

Or should I phone tomorrow?

Sad that, eon was the cheapest for me for over 2 years.

bufferz

moving house soon, so staying with eon

M271

gordon2 wrote: »

If I fix until 2012 with EDF it will cost me £1200, or £1293 until 2014.

Eon will cost £1325 to fix and if I do nothing, it will cost me £1140 with eon, so a phone call to EDF on Friday to fix until 2014.

Or should I phone tomorrow?

Sad that, eon was the cheapest for me for over 2 years.

I'm in a similar position to you, I'll be making my mind up this weekend.

Been with EON for a number of years and been very happy with them however unless they bring down their Fixed Price plan by £100 a year I'll be moving my business elsewhere.

Currently pay on Fix Online 8 Gas and Electricity combined £971
Non fixed (with presumably further price increase due of at least 10% overall) .:
EON SaveOnline 7 £1183
EDF Saver v10 £1174

Fixed Prices
EON Fixed Price v5 £1372 (9% higher then EDF Saver v2 fixed)
EDF Saver v2 £1261
Npower Go Fix 6 £1270
EDF Fixed Price 2014 £1363

benny5

devon_scouse wrote: »

Hi
As we all know Fix on line 8 finishes 1st July. I was just wondering what people have decided to do. Stay with EON or move.

I’ve just kicked off my transfer to EDF, Fix 2014. Obviously more expensive at the moment but at least I know what it will cost me for the next 3 years.

brewerdave

I applied for EDF Fix 2014 on 8th June - just been told that my switch will happen for electric on 5th July - no date for gas yet; EON actually phoned me last Friday just to check that I had applied to switch - the guy agreed that EON couldn't match EDF's fixed offers currently and didn't attempt to make me any offers to stay!!
My bill will go up by ~ £390pa - but the best available variable tariff would have increased annual payment by ~£230pa BEFORE any coming pre Winter EON increases. Assuming the same sort of rises as SP I should deffo be better off in years 2 and 3 unless the energy market collapses - a whole flock of pink pigs have just flown past my window!!!!

easilyamused

Decided to start the switch through USwitch on Saturday to EDF Fixed 2012.

Ideally Eon would have come up with a decent, competitive fix, but they haven't so it seems like a reasonable compromise, and if EDF turn out to be awful or prices go down (unlikely I know) then we'll only be tied to EDF for a year.

Pincher

brewerdave wrote: »

Assuming the same sort of rises as SP I should deffo be better off in years 2 and 3 unless the energy market collapses - a whole flock of pink pigs have just flown past my window!!!!

With FixOnline type short horizon fixed tariffs, E.On does not have to put in a safety margin, because E.On's cost for buying in the energy is known, by buying the contracts. Unfortunately, energy futures only go up to 18 months ahead, so the longer term fixes have to have a safety margin premium, but only from the 18th month. There is always a profit margin.


Let us assume the prices are artificillay high because energy speculators, say, Goldman Sachs, have been hording energy contracts to drive it up, there has to come a point they decide it cannot go any higher, and start profit taking, at which point the prices could landslide. Further assume that E.On energy traders are on the ball, and jumps in to pick up lots of cheap contracts, so the marketing people can bundle them up as FixOnline 10.

All we need is one brief window of the energy market re-adjustment, and we could be set up for another year.


This is how pink pigs are born.

george1939

M271 wrote: »

I'm in a similar position to you, I'll be making my mind up this weekend.

Been with EON for a number of years and been very happy with them however unless they bring down their Fixed Price plan by £100 a year I'll be moving my business elsewhere.

Currently pay on Fix Online 8 Gas and Electricity combined £971
Non fixed (with presumably further price increase due of at least 10% overall) .:
EON SaveOnline 7 £1183
EDF Saver v10 £1174


Fixed Prices
EON Fixed Price v5 £1372 (9% higher then EDF Saver v2 fixed)
EDF Saver v2 £1261
Npower Go Fix 6 £1270
EDF Fixed Price 2014 £1363

Npower Go Fix 6 £1270 [plus] after 12 direct debits received they give you £105 back = £1270-£105= £1160 new cost 0r £105 divide by 12= £8.75 per month less cann't be bad

M271

george1939 wrote: »

Npower Go Fix 6 £1270 [plus] after 12 direct debits received they give you £105 back = £1270-£105= £1160 new cost 0r £105 divide by 12= £8.75 per month less cann't be bad

The £1270 already includes the £110 discount for paying by Direct Debit and having paperless bills/online only account.