Eon plan ending, was a 1st time buyer so new to switching

Dave_6

Hi all

New to this so any help would be amazing....

Currently with Eon on the SaveOnline 10 plan but it ends on the 15th October. Dual fuel.

I’m guessing I can start looking at switching right now, with the normal cooling off period and then the time to actually switch we should be ok right? Penalty would be £30


Have never done any of this before, we were 1st time buyers last year and moved in and rang Eon (previous occupant was with them) and just asked for the cheapest plan to get us going.
Currently waiting on M&S to come back to us on free cavity wall insulation.

It’s worked out ok so far, we just read the meters once a month and pay online there and then.
Much prefer that to having a direct debit and then either being in credit or having a large balance to pay off.
Meter is economy 7 but we I don’t think we hardly ever use it to be honest,
Summer we have the water on from 6-8pm.
Mid winter we have heating & water on in mornings from 5:30-7am & evenings 4-9pm


Rang Eon to get our years worth of energy readings, we’ve used 1947 kilowatt hours of Electricity and 8421 of Gas.


Just ran some quotes on Moneysupermarket.com and these 4 came out top -
Any thoughts

Was going to look at Scottishpower a bit more

Blue +Price Promise April 2014
Edf

Energycare
Npower

Blue +Price Promise April 2014 Offset
Edf

Online Fixed Price Energy January 2014
scottishpower

macman

Why are you on E7 with gas CH? You're paying a premium for all your usage outside the E7 cheap rate hours.
You need to check your day/night rate electricity kWh split, and if it's much less than about 30% on night rate then switch to a single rate tariff. This may or may not require a meter change.
You can do the maths on E7 versus single rate on any comp site once you have your percentage split.
Blue + was pulled a few days ago, so you've missed the boat for a cheap fix.

Dave_6

Good question

I’ll try and find an accurate split on Eons site otherwise I’ll ring them again later.

Think this is the only thing we didn’t look through in detail when moving in so now the plan is ending I want to get things right.
We’ve never had a monthly bill over £90 even in Winter so I didn’t think we were faring too badly, 2 adults in a 3 bed semi.

Thanks

macman

Yes, but then your consumption is extremely low-about half what would be expected with gas CH & DHW.
Average consumption would be 16,500kWh of gas and 3,300kWh of electricity.

jalexa

Dave_6 wrote: »

Good question

I’ll try and find an accurate split on Eons site

Doing a comparison using your actual figures (and a worst case of 0% night rate) you could save approximately 8% on your current costs with Scottish Power January 2014 but you would need to get your skates on as I doubt it will last much longer.

Alternatively, if you are happy with E.ON, their Age UK April 2014 fix is very close to your current energy costs and a fix expiring in the spring is far better that a fix expiring in the middle of a winter period which leaves you really exposed to future energy prices and high seasonal consumption.

Do your own comparison for your region.