How do I find standard variable rate / price cap for my current supplier

james_williamson_6544

I am with Eon Next and my fixed tariff is ending in less than 3 weeks.

Is it correct that I have to do nothing when fixed tariff ends and I will be automatically put on cheapest unit price tariff available from Eon Next?

For my own peace of mind, I tried searching their website and in general for finding unit price of current price cap. Everywhere I see this is quoted as an average usage, but I am more interested in unit price so that I can get estimate of my own bill and not average bill of all consumers. Is it possible to get information on unit price & standing charge of price cap for my region? Looking for a website where I enter my post code and I get what will be unit price and standing charge if I do nothing.

JGB1955

This  Energy Calc V4 (oraclecloudapps.com) will tell you the price cap for your region.  You can expect your suppliers standard rate to be the same.

booshya

james_williamson_6544 said:

I am with Eon Next and my fixed tariff is ending in less than 3 weeks.

Is it correct that I have to do nothing when fixed tariff ends and I will be automatically put on cheapest unit price tariff available from Eon Next?

For my own peace of mind, I tried searching their website and in general for finding unit price of current price cap. Everywhere I see this is quoted as an average usage, but I am more interested in unit price so that I can get estimate of my own bill and not average bill of all consumers. Is it possible to get information on unit price & standing charge of price cap for my region? Looking for a website where I enter my post code and I get what will be unit price and standing charge if I do nothing.

You should have been provided the information on what it would cost you if you do nothing in your notice you should have received between 49 and 42 days before your current tariff is due to expire.

Otherwise, you should be able to find the figures from almost any comparison site. Just put your current tariff as the SVT of your current supplier, and then pick a result - it should show you the current tariff details (i.e the SVT) and compare it to what tariff you picked.

Some. like MSE's own Cheap Energy Club allows you to view the details of your current tariff on a separate page instead (rather than having to pick something to compare against)

I would not use the link above as it is a website produced by a MSEer and is simply a generalisation; prices vary by supplier.

booshya

Alternatively, go straight to the horses mouth

https://www.eonnext.com/tariff-search

The Eon Next SVT is known as NextFlex. You can find it under current tariffs

james_williamson_6544

You should have been provided the information on what it would cost you if you do nothing in your notice you should have received between 49 and 42 days before your current tariff is due to expire.

This is what the email said:

This tariff has no end date and may be more expensive for you. This is a variable tariff and your prices can go up or down.Do nothing and at the end of your contract, you'll switch on to our 

I guess that is what I will do: NOTHING.

james_williamson_6544

My direct debit is going up massively due to change in prices now... 

Electricity 
Unit rate: 16.32 -> 19.61 p/kWh  (20% rise)
Standing charge: 7.00 -> 23.898p (241% rise)

Gas 
Unit rate: 3.002 -> 3.854 p/kWh (28.3% rise)
Standing charge: 7.00 -> 24.879p (255% rise)

frederick1950

Anything you do now is a gamble .
If the SVR does rise by the suggested 50% in April  then the unit rates you have just posted look almost appealing.
The gamble is about how much the SVR will rise.
If you fix now and they only rise by 40% you will probably lose out in the following six months.
If you fix now and they rise by 50% you win in the following six months.
But then you have to take into account the other consideration of how much the next SVR rise in October will be ?

booshya

frederick1950 said:

Anything you do now is a gamble .
If the SVR does rise by the suggested 50% in April  then the unit rates you have just posted look almost appealing.
The gamble is about how much the SVR will rise.
If you fix now and they only rise by 40% you will probably lose out in the following six months.
If you fix now and they rise by 50% you win in the following six months.
But then you have to take into account the other consideration of how much the next SVR rise in October will be ?

The above rates are presumably the default rates (excluding VAT) applicable to the OP.

If the cap raises in April, as it surely will, then the rates should be expected to increase accordingly.

frederick1950

He had already stated that his fixed tariff was coming to an end in 3 weeks so the prices he quoted would be assumed to be the current SVR applicable to him .
So it's obvious really that if the cap rises in April ( which it will do ) prices will rises again accordingly.