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Sainsburys Energy (run by Eon Next) and Eon Next have pulled their cheap fixes

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If you're using the MSE Energy club it will still show these cheap 1 and 2 year fixes.  I managed to switch last night, the new tariffs seem a fair whack more expensive (no surprise).  Managed to switch last night and was going to switch a relative this morning and was surprised to have missed out!  

Sainsbury's Energy 1 Year Fix and Reward v19
E.ON Next Next Online v7 - 12 month fix

Sainsbury's Energy 2 Year Fix and Reward v18 2year fix
E.ON Next Next 2 Year v5 2 year fix
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Comments

  • brewerdave
    brewerdave Posts: 8,711 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    No surprise here!!
  • Bendo
    Bendo Posts: 554 Forumite
    Sixth Anniversary 500 Posts Name Dropper
    The only surprise is it lasted beyond the weekend.
  • MoJoeGo
    MoJoeGo Posts: 175 Forumite
    100 Posts Name Dropper
    Yup... amazed that they lasted as long as they did, they were serious outliers in the fixed tariff space.

    I think 2 years fixed in the current market is a decent hedge - hopefully I'll be able to switch to something cheaper during that time as I'm still paying 60% more than at the start of the year (when Simplicity folded) - but relatively speaking it's as good as it gets for the moment  :#
  • Crdw
    Crdw Posts: 64 Forumite
    Second Anniversary 10 Posts Name Dropper
    So glad I switched to the 2 year fixed yesterday afternoon, never felt so lucky.
    Was trying to talk my mum into it, but when I did her quote this morning I saw the new prices too.
    Glad I checked out this forum yesterday.

  • FreeBear
    FreeBear Posts: 18,193 Forumite
    Tenth Anniversary 10,000 Posts Name Dropper Photogenic
    edited 21 September 2021 at 10:59AM
    Crdw said: So glad I switched to the 2 year fixed yesterday afternoon, never felt so lucky.
    Gas up 13.5%, electricity, 10%. The real shock is the hike in standing charges which has virtually doubled for the 1y fixed.
    Her courage will change the world.

    Treasure the moments that you have. Savour them for as long as you can for they will never come back again.
  • Just spent 3 months trying to switch a family member from Eon Next...not a good experience to the point where I would avoid Eon Next like the plague.  Hopefully others will have a better experience.  They also insist on a smart meter which we don’t want.
  • Is Sainsburys Energy likely to go bust though, with these tariffs?
  • milgo
    milgo Posts: 298 Forumite
    Part of the Furniture 100 Posts Name Dropper Combo Breaker
    Sassie8 said:
    They also insist on a smart meter which we don’t want.
    Just curious why you don't want a smart meter? 
  • bagand96
    bagand96 Posts: 6,542 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    edited 21 September 2021 at 12:03PM
    adam81 said:
    Is Sainsburys Energy likely to go bust though, with these tariffs?
    Wouldn't have thought it would "go bust" like other small suppliers.  It's a joint venture between Sainsbury's and EON, basically a trading name of Eon Next.

    In theory, if it wasn't working for either party they could withdraw from the joint venture but if that happened I'm sure the accounts would just become Eon Next.
  • We managed to sign up this morning around 9:30 to their 2 year fixed price deal. I’m guessing they will honour the contract now? We are with Bulb and looking to switch to a fixed rate deal, hoping it’s all ok! We got confirmation emails etc.
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