On BG fix to Jan 2022 - what's my best option?

iamparakeet

What should I think and what should my strategy be?
Happy to have been fixed for half of the winter?

Cheap Energy Club had notified me of a change wherein I could save £75+. But that's because I hadn't updated my account details there in ages, it was on Standard Tariff. I've now updated to reflect HomeEnergy Fix Jan 2022. Also, my usage increased considerably last year with a second person working from home. Now reckoning on circa 4,300 elec and 15,000 gas /pa.

With my updated details, Cheap Energy Club surfaces several cheaper deals, inc E.on Next, reckoned at £89/mph, saving £90/pa. However, when I plug the same usage into E.on Next's own quote calculator, this comes out at £1,600, £133/pm. Why the discrepancy?

QrizB

robertandrews said:

With my updated details, Cheap Energy Club surfaces several cheaper deals, inc E.on Next, reckoned at £89/mph, saving £90/pa. However, when I plug the same usage into E.on Next's own quote calculator, this comes out at £1,600, £133/pm. Why the discrepancy?

If everything else is the same for the two quotes, I would guess CEC is using different tariff rates to E.ON Next. It's possible that CEC has access to a tariff that E.ON Next isn't offering to the general public but it's more likely that E.ON Next have changed their tariff but that change hasn't made it through to CEC's database yet.

There is very little chance that, in the current market, you can geniunely get a deal of £89/mo, £1068/yr based for 4300kWh elec and 15000kWh gas pa. You're looking at closer to £1600, which is what E.ON Next has quoted direct.

(Variable tariffs are all close to the price cap which is around 4p/kWh for gas, 21p/kWh for electricity and £90pa SC. Fixed tariffs are pretty much all higher than that.)

spot1034

Just do the calculations yourself. It isn't difficult - number of units multiplied by unit cost and daily standing charge multiplied by 365 for each fuel. Add the totals and that's your annual cost.

bristolleedsfan

robertandrews said:

With my updated details, Cheap Energy Club surfaces several cheaper deals, inc E.on Next, reckoned at £89/mph, saving £90/pa. However, when I plug the same usage into E.on Next's own quote calculator, this comes out at £1,600, £133/pm. Why the discrepancy?

Worth checking if result via Cheap Energy Club is E.on Next Exclusive as that wont show when you go direct

iamparakeet

What should I be thinking about macro cost fluctuations, though?
Basically, they've already gone up and they're likely to go up again? Or what?

QrizB

robertandrews said:

What should I be thinking about macro cost fluctuations, though?
Basically, they've already gone up and they're likely to go up again? Or what?

The cap has just gone up, effective from October. It next gets reviewed in the spring, effective from April, and we're expecting it to go up again then.

I don't think anyone has a good feel yet for what might happen in October 2022.

iamparakeet

QrizB said:

robertandrews said:

What should I be thinking about macro cost fluctuations, though?
Basically, they've already gone up and they're likely to go up again? Or what?

The cap has just gone up, effective from October. It next gets reviewed in the spring, effective from April, and we're expecting it to go up again then.

I don't think anyone has a good feel yet for what might happen in October 2022.

Thanks for the answer.