MSE News: E.on cuts gas prices (slightly) but you still need to switch to save

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Former_MSE_Paloma
Former_MSE_Paloma Posts: 531 Forumite
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edited 13 January 2015 at 4:16PM in Energy
"Eon has shaved the price of its standard gas tariff by 3.5%, which could save customers an average of £24/yr..."
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E.on cuts gas prices (slightly) but you still need to switch to save

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  • jobdone1
    jobdone1 Posts: 841 Forumite
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    First i must stress i am not supplied by EON. This has got to be the biggest insult to the start of 2015 a drop in the ocean. The whole sell cost has dropped by over 30% we should be on the streets marching Eon should not have bothered cutting prices unless they was going to make it much more significant. I do welcome cuts but this is an absolute insult.
  • canterswest
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    http://www.moneysavingexpert.com/news/utilities/2015/01/energy-predictions


    'The price of gas and electricity is unlikely to fall in the next few months for millions of households on their provider's standard tariff even though suppliers now pay less for the energy they sell to us, according to industry insiders. '

    Today, E.on said (on the 'Today' programme!) it had been planning cutting its standard tariff since before Xmas, which it has announced today. Can we please ask the 'industry insiders' why they were all talking rubbish?


    'Industry insiders' were mainly switching websites, so not independent - Martin Lewis, founder and editor of MoneySavingExpert.com, Mark Todd, energy expert at Energyhelpline.com, Peter Nisbet, risk management director at energy consultancy firm Utilyx, Jason Wakeford, energy expert at uSwitch.com, Stephen Murray, energy commercial manager at MoneySupermarket.com


    The lowest prices that switching websites tout are loss leaders. The general public sees through this and that tariffs at the top of comparison tables are not sustainable if everyone switched to them. The public wants a more longterm approach, not one driven by the short term focus of ultra capitalist switching websites that do not care about the future because they can be selling something else tomorrow. Most importantly, the public does not want lower gas and electricity prices if the most in need have not been taken care of first. Switching websites are well out of step with the public.
  • Pincher
    Pincher Posts: 6,552 Forumite
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    We are the insiders, aren't we?


    The smug ones have already switched to a one year fix much cheaper than this standard tariff non-sense.
  • socks_uk
    socks_uk Posts: 2,813 Forumite
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    My '1 year fixed rate' with EON ends on January 17th.

    I now need to do some sums to see what is the best thing to do regards fixing again or taking a chance to see if the electricity will fall too. Oh well, I have a few days to suss it out (if indeed I can! )
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  • canterswest
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    Yes but in the longterm it does not work like selling houses to people who could not afford them, ever, did not work except, for the middlemen that came up with the idea.
  • Nada666
    Nada666 Posts: 5,004 Forumite
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    socks_uk wrote: »
    My '1 year fixed rate' with EON ends on January 17th.

    I now need to do some sums to see what is the best thing to do regards fixing again or taking a chance to see if the electricity will fall too. Oh well, I have a few days to suss it out (if indeed I can! )
    Why are you doing this now rather than five weeks ago?
  • Pincher
    Pincher Posts: 6,552 Forumite
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    "E.on cuts gas prices (slightly), but you still need to switch to save"


    Check out E.On's own Fixed 1 Year v14, which should have been the headline in the first place.


    It is over £200 cheaper than the standard tariff, naturally, but it is also £70 cheaper than the MSE collective switch!


    This is funny. It would appear that E.On bought its own customers for £30 cash back, plus whatever commission to MSE, and now these customers will swamp the call centre to switch to Fixed 1 Year v14. If E.On says you can't switch because you were bought and paid for, there will be an uproar.
  • Spooky_uk
    Spooky_uk Posts: 100 Forumite
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    Just had a look at this, we took out a one year plan on October (eon energy fixed v8) and looks likes we need to switch to save on this announcement and there is a £10 exit fee as well.

    :mad:

    If they are cutting prices they should cut all current tariffs by that amount .
  • Bluebirdman_of_Alcathays
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    Spooky_uk wrote: »
    Just had a look at this, we took out a one year plan on October (eon energy fixed v8) and looks likes we need to switch to save on this announcement and there is a £10 exit fee as well.

    :mad:

    If they are cutting prices they should cut all current tariffs by that amount .


    You misunderstand.

    Nearly all fixed tariffs (or at least those announced fairly recently) are cheaper than standard tariff.

    You're already ahead of the game by switching to a fixed tariff in October. The only people this announcement benefits are those paying extortionately more anyway, and it only benefits them by twenty odd quid!
  • lstar337
    lstar337 Posts: 3,442 Forumite
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    Spooky_uk wrote: »
    Just had a look at this, we took out a one year plan on October (eon energy fixed v8) and looks likes we need to switch to save on this announcement and there is a £10 exit fee as well.

    :mad:

    If they are cutting prices they should cut all current tariffs by that amount .
    That is the risk YOU took when you signed up to a fix with an exit fee.

    You were free to choose another tariff that was safer.
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