Eon - switch or stick- help-please?

toozie_2

Hi

Just after a bit of confirmation really.

I am with Eon Fixed Price June 2013, duel fuel, no penalty fee to switch.

Have done a comparison and it seems that I'd only save about £52 a year for switching (First Utility -I think the company was).

On eon I could switch to Eon Energy Discount V1 which would only save about £33 a year, but the price isn't fixed.

I'm thinking I'd better stay on the June 2013 Fixed Price until next year and see how tariffs are then?
Or am I looking at this in the wrong direction?

I have switched several times over the years and I must say Eon have been outstanding with CS and clear billing and I am almost reluctant to move incase the CS goes down hill.

I also get Tesco points with the plan I am on, which adds up because we usually 4 X the vouchers and use them for UK breaks and presents.

I would be grateful for any advice?

Thank you.
:beer:

Airmike23

as you have seen first utility is not going to make a massive saving, currently fixed until June next year, which is good/bad - good as fixed against an increase by Eon until 1-6-13, bad because while fixed against the increase, will mean you will pay more when deal ends cos prices will have gone up, so not an easy choice, stay where you are, take a saving now and roll with the punch of an increase as and when,. or take a mini increase now on a different fixed tariff for set period of time, that will be less of an increase than the power company hike on an unprotected tariff. I'm of the opinion sites such as this and the comp sites drive people to fix rates as it means they are getting business therefore revenue, remember, irrespective of unit rate deal entered into with the power company (make sure aware of early termination charges tho) contract is only a 28 day rolling one, so can switch power co's or tariffs with (some) existing power co as frequently as you wish. NB early termination fee, at least with eon (if applies) is only charged if you move the bill from Eon to a competitor, not from one Eon product to another. On long term fixes big gamble, could be a winner if prices keep going up, if this is the last increase for next 2 years, fixing now for 18/24m or longer is going to have cost you far more in the long run.

toozie_2

Airmike23 wrote: »

as you have seen first utility is not going to make a massive saving, currently fixed until June next year, which is good/bad - good as fixed against an increase by Eon until 1-6-13, bad because while fixed against the increase, will mean you will pay more when deal ends cos prices will have gone up, so not an easy choice, stay where you are, take a saving now and roll with the punch of an increase as and when,. or take a mini increase now on a different fixed tariff for set period of time, that will be less of an increase than the power company hike on an unprotected tariff. I'm of the opinion sites such as this and the comp sites drive people to fix rates as it means they are getting business therefore revenue, remember, irrespective of unit rate deal entered into with the power company (make sure aware of early termination charges tho) contract is only a 28 day rolling one, so can switch power co's or tariffs with (some) existing power co as frequently as you wish. NB early termination fee, at least with eon (if applies) is only charged if you move the bill from Eon to a competitor, not from one Eon product to another. On long term fixes big gamble, could be a winner if prices keep going up, if this is the last increase for next 2 years, fixing now for 18/24m or longer is going to have cost you far more in the long run.

Thank you Mike.
So basically between the devil and the deep blue sea!!
:beer:

Hyp3rion

I am in the exact same position.
My "Fixed price 5" deal expire on July 2013 and I was considering switching to the E-On 2 year fixed deal now and take the hit on the higher tariff in the short term in the hope that it will even itself out once the price increase is introduced.
But it is a hard decision to make knowing you are fixing onto something that is more expensive than what you are paying right now.

deshepherd

Hyp3rion wrote: »

I am in the exact same position.
My "Fixed price 5" deal expire on July 2013 and I was considering switching to the E-On 2 year fixed deal now and take the hit on the higher tariff in the short term in the hope that it will even itself out once the price increase is introduced.
But it is a hard decision to make knowing you are fixing onto something that is more expensive than what you are paying right now.

Remember that unlike the otther 5 of the "big 6" Eon have not raised prices this winter ... they made a statement of "no rises in 2012" before the others announced their increases. Therefore I'd suspect that they announce a rise in line with the others in January.

I'm in the same boat as you (on Fix June 2013) and am also tempted by the 2 year fix which looks to be ~10% more that what I currently pay - assuming they increase by 7-ish% in early 2013 to move back in line with the others then its not much more.

toozie_2

deshepherd wrote: »

Remember that unlike the otther 5 of the "big 6" Eon have not raised prices this winter ... they made a statement of "no rises in 2012" before the others announced their increases. Therefore I'd suspect that they announce a rise in line with the others in January.

I'm in the same boat as you (on Fix June 2013) and am also tempted by the 2 year fix which looks to be ~10% more that what I currently pay - assuming they increase by 7-ish% in early 2013 to move back in line with the others then its not much more.

Do you think they will pull the 2 year fix before the 2013 rises?

~Chameleon~

I would stick with E.ON after everything I've seen written about First Utility. Sometimes cheapest isn't always best

stagey_2

Indeed - I am advised that I am switched over to First Utility from Eon on 23/10 dual fuel. The electricity is but not the gas and I can't seem to get a sensible answer anywhere. If I am switched why did Eon read the gas meter a few days ago. I was to be saving about £100 a year, frankly it isn't worth the hastle despite what Martin tells us. Don't do it.

Hyp3rion

I saw a headline yesterday that E-On are increasing prices by 11% which will make it the most expensive UK energy supplier. With that in mind pehaps I wont go for the 2 year fixed deal and change supplier after all.

http://www.energylinx.co.uk/news/2012/11/eon-energy-price-increase.html