Eon Next Online v11, Fixed 1 Year at Apr 22 Rates

gingerben

I can see the v11 & v18 tariffs, but the big question for me is one year or two?

The v18 tariff will cost me £50 more a year than v11 (the only difference is the standing charge, the unit rate is the same) and there's no early exit fee so it feels like a cost worth taking to cover any increase in April 2023 (and October).  I can always change to a lower tariff if the April 2023 cap is a reduction...

W1zz

sheffieldeagle said:

W1zz said:

I'm not being offered the Online V11 tariff as yet. Even if I log into the new eonnext.com website. All I see are two options:

Cheapest tariff: NextFlex at £197.06 a month (£2,364.66 a year).

and

Next 1 Year v8 at £305.01 a month (£3,660 a year).

I'm currently already on the 'NextFlex' variable rate (dual fuel) but only pay £95 per month and I'm £140+ in credit. I was expecting my bills to increase to 56% or to around £150 a month in April, as the cap increases.

What are peoples increases from current variable NextFlex to the Next Online v11 tariff?

Sorry may be a stupid question but did you press the 'renew' button to get your available quotes. I was slghtly put off at first myself because of the wording.

Yes, selected 'Renew' to be presented with the two tariff options. Under each option there was a 'Select Tariff' button. 

I'm going to give them a call as I can see the tariff online if I go to https://www.eonnext.com/tariff-search and enter my postcode.


Update: Just given them a call (36 mins in queue ) and got signed up no problem. Kicks in 06 March. They said if I wanted to start on 01 April, I'd have to call closer to the date.

This is the tariff for my area (South Yorkshire).

bristolleedsfan

gingerben said:

I can see the v11 & v18 tariffs, but the big question for me is one year or two?

The v18 tariff will cost me £50 more a year than v11 (the only difference is the standing charge, the unit rate is the same) and there's no early exit fee so it feels like a cost worth taking to cover any increase in April 2023 (and October).  I can always change to a lower tariff if the April 2023 cap is a reduction...

You must be single fuel as difference in standing charges dual fuel is £100+

gingerben

bristolleedsfan said:

gingerben said:

I can see the v11 & v18 tariffs, but the big question for me is one year or two?

The v18 tariff will cost me £50 more a year than v11 (the only difference is the standing charge, the unit rate is the same) and there's no early exit fee so it feels like a cost worth taking to cover any increase in April 2023 (and October).  I can always change to a lower tariff if the April 2023 cap is a reduction...

You must be single fuel as difference in standing charges dual fuel is £100+

Yes electric only (good old expensive heating oil for the boiler!)

jimexbox

SMcGill said:

To clarify, is it definitely 5% off the total bill per fuel? Just thinking that '5% per fuel' could mean 5% off the bill of each fuel individually, which would only be 5% off the total bill. 

Quite right, I stand corrected! The net cost was still about the same as the 1yr fix though, which is what I based my decision on.

The next 2 year v18 is a no-brainer for me. The cost estimate is £100 per year more than the 1 year v11, but that is without the DD 5% discount. So it works out slightly cheaper. Why the hell do eon show one tariff with the discount and one without. Mmm

Winchmore_Hill_Shot

Is anyone else not being offered v11.  I got the e-mail yesterday about the tariff but by the time I logged on late last night, I was being offered v12 which is about £50 per month more expensive.

bristolleedsfan

Winchmore_Hill_Shot said:

Is anyone else not being offered v11.  I got the e-mail yesterday about the tariff but by the time I logged on late last night, I was being offered v12 which is about £50 per month more expensive.

Got plugged by Martin Lewis, now been pulled as has 2 year fix

Ultrasonic

I struggle to see how any energy firm can offer a true 'fix' right now - as in one without an option to end the agreement early like recent Scottish Power 'fixes' have. 

wwally

Ultrasonic said:

I struggle to see how any energy firm can offer a true 'fix' right now - as in one without an option to end the agreement early like recent Scottish Power 'fixes' have. 

I assume that EON Next have secured energy futures at a good rate, and so are able to pass that on at no risk to themselves. They must have long term contracts to get supplies at less than the market price as I'm sure they would not be relying on the spot rate to offer these prices. (Unlike Symbio who went bust by doing this) The fact that the best deals appear to have been withdrawn suggests that they are nearing the limit of their futures commitment.

Ultrasonic

wwally said:

Ultrasonic said:

I struggle to see how any energy firm can offer a true 'fix' right now - as in one without an option to end the agreement early like recent Scottish Power 'fixes' have. 

I assume that EON Next have secured energy futures at a good rate, and so are able to pass that on at no risk to themselves. They must have long term contracts to get supplies at less than the market price as I'm sure they would not be relying on the spot rate to offer these prices. (Unlike Symbio who went bust by doing this) The fact that the best deals appear to have been withdrawn suggests that they are nearing the limit of their futures commitment.

How far in advance can future costs to energy suppliers be truly guaranteed currently?