New Eon tariff but where is it?

Former_E.ON_Company_Representative:_Malc

fredandwilma wrote: »

Hmm, it all seems a bit ambiguous, to me and as molerat says, designed to fool the hard of thinking.



Cheaper than the always? average? what? I'm never going to be average and it's almost £100 more expensive than my current tariff.


See highighted - Prices would therefore have to fall for them to go up again, (albeit, not above the quoted tariff price). I honestly don't believe prices are going to be so mobile or fall to a huge extent, in the next year.

Who is expecting prices to fall dramatically in the current climate? There's talk of prices rising with the current political state / Brexit etc. It is only speculation, though. But i would certainly be looking for a longer fix again if i saw a very competitive deal.

With this new tariff still almost £100 more expensive than my current tariff, and £3 more expensive than the Fixed v10 1 year tariff, (including discounts,) the difference is negligible, and I would be tempted to opt for whatever version was around at the time, in preference, (depending on cost).

I'm glad i still have 13 months remaining on my current tariff, but i shall be watching to see what happens. I personally feel it's maybe a slightly cheaper tariff, with uncertain benefits and added administration.

Have a good weekend, Malc

Afternoon fredandwilma.

When we say this new tariff will be a £100 cheaper than the average market price, this is based on a Medium User profile as per the latest Ofgem Typical Daily Consumption Values. Totally appreciate this won't be the case for everyone. If they wish, customers can see the index we use to track the market to help them understand how we've priced their tariff.

As I mentioned to Raxiel, we re-price the tariff each day and then take an average every 3 months. The index tracks the movement of every energy tariff available for sale at any particular time within the UK and includes all payment types. If a new supplier joins the market, though, they may not be included immediately.

If the average price changes, we'll alter the unit prices we charge accordingly but these will never go above the quoted prices. There's no added admin for customers as we do all the work.

Understand this tariff won't be for everyone but hope it's of interest to some. There's more information on our website.

You have a good weekend, too, fredandwilma. I'll be back on Tuesday if you've any further questions although Helena will be here before that if you need her.

Malc