What rates are you being offered by your provider at the moment?

JohnTheSkier

Hi, just accepted the following tariff from EON Next - seems they are now offering it to at least some customers on the price cap, not just those coming to the end of a previous fix:

EON Next

Next Loyalty Fixed v4

Electricity: 29.98p/kWh, 43.57p/day

Gas: 7.48p/kWh, 23.08p/day

12month fix

Exit fee: £75

Should work out significantly cheaper at least during current price cap (and probably for whole fix) due to my low usage, and therefore the reduced standing charges have a decent impact.

MrCrusher

Hi all.

Sainsbury's standard variable tariff post Govt EPG and drop in cap:

Electricity

Sainsbury's Standard Variable

Prices follow wholesale costs

29.29p/kWh and 57.03p/day

Gas

Sainsbury's Standard Variable

Prices follow wholesale costs

7.43p/kWh and 29.11p/day

(All rates inc. VAT)

Telegraph_Sam

[Deleted User] said:

Telegraph_Sam said:

I'd be genuinely interested to know if there is evidence for this stance IF Octopus' ToU "innovative" tariffs are included in the analysis.

Given that an annual cost cannot be calculated for time-of-use tariffs, a standard comparison will never work. Even though Octopus Tracker is technically not a ToU tariff without knowing future daily prices then any comparison will also be useless.

BEIS has produced a software tool that pulls 12 months’ worth of 30 minute usage data from a smart meter and then overlays it over all tariffs. This tool is yet to be taken up by price comparison websites. There is the not insubstantial problem of getting DCC approval to connect to the smart meter network.

It would certainly be interesting if you become aware of the tool being released and could make the source know to us forumites

[Deleted User]

Telegraph_Sam said:

Dolor said:

Telegraph_Sam said:

I'd be genuinely interested to know if there is evidence for this stance IF Octopus' ToU "innovative" tariffs are included in the analysis.

Given that an annual cost cannot be calculated for time-of-use tariffs, a standard comparison will never work. Even though Octopus Tracker is technically not a ToU tariff without knowing future daily prices then any comparison will also be useless.

BEIS has produced a software tool that pulls 12 months’ worth of 30 minute usage data from a smart meter and then overlays it over all tariffs. This tool is yet to be taken up by price comparison websites. There is the not insubstantial problem of getting DCC approval to connect to the smart meter network.

It would certainly be interesting if you become aware of the tool being released and could make the source know to us forumites

The Final Report on smart meter tariff comparisons was signed off in January. The ‘tool’ is open source so it is available to everybody.

https://assets.publishing.service.gov.uk/government/uploads/system/uploads/attachment_data/file/1130644/smarter_tariffs_smarter_comparisons_final_report.pdf#page107

That said, before a price comparison website can make use of the ‘tool’ it will require the consumer’s permission to access smart meter data AND - more importantly - the organisation accessing the data would have to become a DCC Registered Other User or partner with an organisation that holds this accreditation and has access to DCC-certified Adapter software. 

It is self evident that a ‘tool’ of this nature is unlikely to be of much help to those on Agile or Tracker tariffs as any future cost comparison has to be based on a tariff with known components such as time periods and unit prices: eg, a smart tariff with 3 periods Peak; Mid-Peak and Off Peak. 

brookie1

Offered a fix by Shell energy but no information. You have to click on get deal before it becomes clear. I like to know upfront what I am submitting to.

_Jem_

brookie1 said:

Offered a fix by Shell energy but no information. You have to click on get deal before it becomes clear. I like to know upfront what I am submitting to.

You should be able to click on get deal without agreeing to the deal. 

_Jem_

JohnTheSkier said:

Hi, just accepted the following tariff from EON Next - seems they are now offering it to at least some customers on the price cap, not just those coming to the end of a previous fix:

EON Next

Next Loyalty Fixed v4

Electricity: 29.98p/kWh, 43.57p/day

Gas: 7.48p/kWh, 23.08p/day

12month fix

Exit fee: £75

Should work out significantly cheaper at least during current price cap (and probably for whole fix) due to my low usage, and therefore the reduced standing charges have a decent impact.

WoW the standing charge being offered to you is low my offer from eon is 52.25

_Jem_

Eon Next Loyalty Fixed V4
Standing Charge                       52.25p
Unit Rate                                    29.64 KWh

Eon NextFlex Variable 
Standing Charge                        58.28p
Unit rate                                       29.95p KWh

Spoonie_Turtle

_Jem_ said:

JohnTheSkier said:

Hi, just accepted the following tariff from EON Next - seems they are now offering it to at least some customers on the price cap, not just those coming to the end of a previous fix:

EON Next

Next Loyalty Fixed v4

Electricity: 29.98p/kWh, 43.57p/day

Gas: 7.48p/kWh, 23.08p/day

12month fix

Exit fee: £75

Should work out significantly cheaper at least during current price cap (and probably for whole fix) due to my low usage, and therefore the reduced standing charges have a decent impact.

WoW the standing charge being offered to you is low my offer from eon is 52.25

Standing charges for electricity vary wildly by region.

JohnTheSkier

_Jem_ said:

JohnTheSkier said:

Hi, just accepted the following tariff from EON Next - seems they are now offering it to at least some customers on the price cap, not just those coming to the end of a previous fix:

EON Next

Next Loyalty Fixed v4

Electricity: 29.98p/kWh, 43.57p/day

Gas: 7.48p/kWh, 23.08p/day

12month fix

Exit fee: £75

Should work out significantly cheaper at least during current price cap (and probably for whole fix) due to my low usage, and therefore the reduced standing charges have a decent impact.

WoW the standing charge being offered to you is low my offer from eon is 52.25

I know, that's why I jumped on it straight away.