E.On Next is offering me a near risk free 2 year fix. Should I take it?

themastergoose

I received an email from E.On yesterday offering the "Next 2 Year v18" tariff. It's 2 year fix at the following rates with NO early exit fee:

Electricity: 27.63 p/kWh 58.45 p/day standing charge
Gas: 7.28 p/kWh 40.92 p/day standing charge

Based on my usage it's £10 a month more than April's cap prices. Given the events in Ukraine and having no exit fee on this tariff, is the extra tenner a month from April worth the extra in case October's price cap is another large jump?

Verdigris

Nothing to lose, with no exit fee.

They (well, the Next version) just offered me the April cap price as a 12 month fix. Escept when I went to sign up they didn't offer it.

themastergoose

Verdigris said:

Nothing to lose, with no exit fee.

They (well, the Next version) just offered me the April cap price as a 12 month fix. Escept when I went to sign up they didn't offer it.

Some members on here in other threads have had good success if you call E.On and request a specific tariff if it's only 1-2 days after you was offered it.

The more I think about the 2 year fix, it seems appealing because there's no exit fees and worst case I just sit at the April 2022 cap prices for up to 2 years should things go very, very wrong later on down the line.

themastergoose

E.On Next also (in my experience and from readings on here) seem to be one of the better large suppliers for customer service if you give them a call.

EssexHebridean

I have to say I’d be inclined to go for that, assuming the additional £10 a month is affordable. The likelihood of prices going down in October is incredibly slim IMO, and you could feasibly make back the extra you’ve spent next winter, and a fair bit on top. 

themastergoose

Thanks everyone. The extra £10 a month is affordable and in these uncertain times I'll take some stability.

Pushed it all thru before the tariff vanishes as they always seem to: 

Coffeekup

Glad u tool it... I would have