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

madmoggies

NittyGritty wrote: »

what electricity reduction would that be? Eon haven't made one as far as I,m aware, its Gas only at the mo.

If you look at their one year fixed rate v.14 you'll see it has a lower electricity rate than the standard tariff. Went down approx 0.5p per KWh from v.12, which itself was lower than v.13. The standard rate hasn't changed though whereas for gas it has.

If you don't believe me then check on one of the comparison sites or check on the E.on site, which is down at the moment (otherwise I would have given you the link!)

socks_uk

madmoggies wrote: »

E.on's latest version of their one year fixed rate v.14 (available for dual fuel or electricity only) also includes a reduction in the cost of electricity as well as the much publicised cut to the gas price.

You don't have to wait for the end of your tariff to switch as the exit charge for finishing early doesn't apply when you stay with E.on, only if you switch to a new supplier.

Easy to find out by using their online 'best deal for you' calculator and easy to switch online to a cheaper tariff. With the latest electricity reduction I'll be saving around £50 a year on my electricity (I don't have gas to the house).

Thanks madmoggies!

I followed EON Malc's advice yesterday after being informed that the 'exit fee' was only if I left EON and not if I left the 'product'. I am now on the new tariff. I also noticed the tick box to receive emails when a new tariff is launched.

I wrongly thought I had 'fixed' to the product but the kind people on here have helped me sort it out. :beer:

madmoggies

NittyGritty wrote: »

I,m also on electric only, currently with scotish powers, dec 2015 online deal, just did a comparison and it shows E on v.14 £85 cheaper,
think I will wait a week or so to see what the cuts by the other big 6 are first before making a decision. SP as no Exit fees which is nice to know


SP dec 15

12.740p per kWh
5.601p per kWh
27.39p per day (£99.99 per year)

E.on V.14
Day rate 12.989p per kWh
Night rate 5.093p per kWh
16.42p per day (£59.94 per year)

For non-Economy 7 flat rate, E.on v.14 is 10.93p per kWh

lstar337

madmoggies wrote: »

For non-Economy 7 flat rate, E.on v.14 is 10.93p per kWh

Depends where you are. Each region is different.

Chance89

I heard recently (within the last week) that Eon are the first of the big energy firms to pass savings, from the cost of fuel, onto the consumer. I am currently in credit on my Eon account and they wrote to me approx 2 weeks ago saying they would be lowering my monthly direct debit. The letter didn't make it very clear whether this was because I was in credit with them or this was because they have lowered their rates due to their savings. Does anybody know whether or not they have passed these savings onto the consumer already? Or is it something that will be happening in the future?

Hopefully I'm in for more savings soon

NittyGritty

Chance89 wrote: »

I heard recently (within the last week) that Eon are the first of the big energy firms to pass savings, from the cost of fuel, onto the consumer. I am currently in credit on my Eon account and they wrote to me approx 2 weeks ago saying they would be lowering my monthly direct debit. The letter didn't make it very clear whether this was because I was in credit with them or this was because they have lowered their rates due to their savings. Does anybody know whether or not they have passed these savings onto the consumer already? Or is it something that will be happening in the future?

Hopefully I'm in for more savings soon

if your on a fixed deal you wont see any reduction in your bill, (unless you move to a different tariff with Eon) which may be cheaper than your current tariff maybe,


do a comparion, or better still wait a week or so to see what the other big 5 do with their cuts (if any)

lstar337

Chance89 wrote: »

I heard recently (within the last week) that Eon are the first of the big energy firms to pass savings, from the cost of fuel, onto the consumer. I am currently in credit on my Eon account and they wrote to me approx 2 weeks ago saying they would be lowering my monthly direct debit. The letter didn't make it very clear whether this was because I was in credit with them or this was because they have lowered their rates due to their savings. Does anybody know whether or not they have passed these savings onto the consumer already? Or is it something that will be happening in the future?

Hopefully I'm in for more savings soon

This likely just because you are in credit. To take advantage of significant price drops you would need to change tariff, which you would know if you had.

madmoggies

lstar337 wrote: »

Depends where you are. Each region is different.

True! It does differ.

socks_uk

NittyGritty wrote: »

I,m also on electric only, currently with scotish powers, dec 2015 online deal, just did a comparison and it shows E on v.14 £85 cheaper,
think I will wait a week or so to see what the cuts by the other big 6 are first before making a decision. SP as no Exit fees which is nice to know


SP dec 15

12.740p per kWh
5.601p per kWh
27.39p per day (£99.99 per year)

E.on V.14
Day rate 12.989p per kWh
Night rate 5.093p per kWh
16.42p per day (£59.94 per year)

We have an 'economy 7' meter but we don't have storage heaters so we don't use the 'day/night' rates. No need to stick to those rates if you have normal central heating.

Former_E.ON_Company_Representative:_Malc

Meadows wrote: »

I have been switching with Eon on a regular basis now for ages , sometimes I have swapped to swap again less than a week later as I have found a cheaper tariff.

They are very good at sending an alert for new tariff but after hearing about the Gas price drop yesterday I switch again and will save about £2 a month (surprised that I have not had an email to alert me of a new tariff so glad I caught the news early yesterday as one more day at a cheaper rate is money in my pocket, I also found the electricity had gone down a fraction on the new tariff.

Hi Meadows

Sounds like you've signed up for Price Alerts. This an online only service where we send an email letting customers on fixed term agreements know that there's a newer version available.

Alerts go out no later than 10 days after the new version launches.

Although restricted to fixed term tariffs taken out after 6 December 13, this service isn't available to customers signed up to the MSE Collective tariff. This is because, as a standalone tariff, there won't be any new versions.

Hope this explains Meadows.

Malc