E.ON to cut average gas price by 5.1%

molerat

chiny wrote: »

Interesting... is this generally known - do you have a source URL ? Thanks.

Have you read the weekly e-mail ?

2010

EoN`s 5.1% cut in standard gas prices is the most pathetic reduction ever.
Wholesale gas and electricity costs tumbled by 23 per cent to a five-year low in 2015 and this is the best EoN can come up with when the winters nearly over.

EVERYONE should just switch away from them because basically they`re ripping you off and insulting your intelligence at the same time.

Switch, switch, switch to anyone away from these money grubbers.

molerat

E.ON said the new tariff – a one year fixed dual fuel deal with an average annual price of £783 – would be “Britain’s cheapest energy tariff available today”.

It clearly isn't but no doubt they can prove in some manufactured circumstances it is.

NittyGritty

chiny wrote: »

Interesting... is this generally known - do you have a source URL ? Thanks.

if you signed up with MSE cheap energy club, you should have had an email saying its coming in feb


I got mine the other day, so I,m just hanging on to see whats on offer

chiny

molerat wrote: »

Have you read the weekly e-mail ?

I had not as the email has not arrived yet but have now checked the web version. Thanks.

HardSpend

molerat wrote: »

EDF is currently showing as cheapest now over my Zog no exit fee but, as you say, let's wait and see.
EDF 2.099p / 26.25p - no exit fee TCR 2.87p £474
Zog 2.520 / 14.70p - no exit fee TCR 2.95p £507
E.ON 2.714p / 21.9 p £30 exit fee TCR 3.23p £553

V18 electric still dearer than MSE fix.

The rates on Uswitch for E.ON V18 gas were:
Unit rate 2.852p per kWh
Standing charge 21.90p per day
hardly any difference but where did you get yours from?

NittyGritty

those figures might be excluding vat? or maybe the unit price is just different in their area?

Bark01

NittyGritty wrote: »

so how do you explain this then?


""Wholesale electricity costs fell 23% last year, so why have we not seen a single reduction to Big Six standard electricity tariffs? This is yet further evidence that the energy market simply is not working for most UK households." "

Its simple, the non-energy costs have risen by more than the wholesale costs have fallen. Non energy costs have more of an impact on electricity prices than gas and also have an immediate impact (they are not hedged). Don't expect the media to report on this though.

Looked at the fixed price market, gas prices are falling and electricity prices are increasing. If I swap from my current tariffs to one of the later tariffs I save £50 on gas but lose £50 on Electricity.

Former_E.ON_Company_Representative:_Malc

macman wrote: »

Malc, just to be 100% sure, please could you confirm that this also applies to customers on a Collective deal? I'm currently on the E.On EHL Collective 1 year fix June 2015, but the 1 year v18 fix offers me a saving of around £80pa. Thanks.

Hi macman

Yes, can confirm, there's no exit fees for changing from one E.ON product to another and this includes the Collectives. You'll be fine switching from the EHL Collective to version 18. No charge.

If you move to version 18, you can sign up for our online 'Price Alerts' service if you wish. Here, we'll email you if any future versions of the tariff become available. This service isn't available with Collective Tariffs as they're standalone products and no future versions are released.

Hope this helps macman.

Malc

Former_E.ON_Company_Representative:_Malc

NittyGritty wrote: »

let me put it another way, why as it taken EON so long to cut prices, when wholesale prices have continued to fall for a long while now
yet when prices rise suddenly eon is straight there with a price hike? why arnt you so quick to cut prices the way you hike them?
maybe you can comment on that?

Hi NittyGritty

We buy energy in advance, sometimes up to 2 years ahead. This is to try to keep prices as stable as possible and protect customers from sudden fluctuations in wholesale prices. We're constantly monitoring the market and looking to buy at the best times. We try to pass on as many of the price decreases as possible but this can be quite a time afterwards. For instance, we also reduced gas prices last January. This had an immediate effect even though it was during the winter when demand is greatest.

With price increases, we try to keep them as low as possible and will wait as long as possible. The last time we increased our standard prices (Energy Plan) was in January 14.

Wholesale prices only make up part of the bill. As I mentioned earlier (post 28), there's other factors involved and these have an impact on our prices too.

Hope this gives a bit of an insight into today's announcement.

Malc