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

Mstty

jonnydub said:

Hi there, bit of a quandary.. i have watched Martins video.. bit of info. 

My current tariff with EON is NEXT ONLIV3 V6 £834.36 a year. 

This runs out on 22/7/22.

They are moving me to Next flex (capped variable)
Annual cost £1,376.15

But they've also offered A fixed tariff with no exit fees at Annual cost £1,773.94

These are all based on my actual usage.

In theory my electric usage will be lower as last year I had a  traditional 4kw pool heater and this year I have an air source 0.63kw pool heater..

In any case I calculate that the fixed tariff they have offered is around 22.5% higher than the variable (price capped) tariff so following Martins advice I should take the fixed!?

Question is how late do I leave it before I sign up, before my existing tariff ends!? 

Thanks 

When EON Next released the 2 year fix we are on in early March this year one quick phone call and they started it 1st April to come in when the new cap started.

Worth a call👍

AlanMcE

Hi, 
I've been trying to work out the logic in my head and don't know if i'm just going round in circles.  I've tried to compare annual usage (BG is estimated but in and around if I add up myself) against what they are offering as a fix.  Does this make sense to anyone.  The Oct variable is just a flat 2441+46%.  The unit rates are comparing the jump from the variable to the Fixed.

MaDMaX**

literally just stumbled across this thread after seeing the MSE email. I was one of the ZOG gas members beamed across onto the EDF standard tarriff,
I'm now seeing the fixed tariff on offer, at around 35% extra which martin has said may be worth the change

However I have handed myself a dilemma, we have literally sold our house and bought another, to move in end of august, 

its 3 miles down the road, if i went onto the EDF fixed tariff, would i be able to take that with me ? or am i buggered basically! 

 I certainly dont want to pay a £100 exit fee just coz im moving!

Mstty

MaDMaX** said:

literally just stumbled across this thread after seeing the MSE email. I was one of the ZOG gas members beamed across onto the EDF standard tarriff,
I'm now seeing the fixed tariff on offer, at around 35% extra which martin has said may be worth the change

However I have handed myself a dilemma, we have literally sold our house and bought another, to move in end of august, 

its 3 miles down the road, if i went onto the EDF fixed tariff, would i be able to take that with me ? or am i buggered basically! 

 I certainly dont want to pay a £100 exit fee just coz im moving!

What do the terms and conditions say on the tariff about moving home?

MaDMaX**

this is all i could find in the t & c's

(c) Moving home – if you move home and we are able to support the meter type at your new home, you may change the premises being supplied to your new premises. If you decide to do this, you must tell us which fuels you want us to supply at your new premises so that we can apply to become the registered supplier for those fuels and you will need to agree a new tariff with us that we have available at that time for your new premises. 4.6 To do any of the above you need to ask us. If you do, the changes will apply once we have processed your request. Your charges may change as a result, and you agree to this. You may also have to pay costs associated with changing your meter. We will explain any changes to your charges and any extra costs to you at the time. 

Mstty

MaDMaX** said:

this is all i could find in the t & c's

(c) Moving home – if you move home and we are able to support the meter type at your new home, you may change the premises being supplied to your new premises. If you decide to do this, you must tell us which fuels you want us to supply at your new premises so that we can apply to become the registered supplier for those fuels and you will need to agree a new tariff with us that we have available at that time for your new premises. 4.6 To do any of the above you need to ask us. If you do, the changes will apply once we have processed your request. Your charges may change as a result, and you agree to this. You may also have to pay costs associated with changing your meter. We will explain any changes to your charges and any extra costs to you at the time. 

Yep pretty clear if you move it's a new tariff. Gone are the days of moving then transferring supply to your previous supplier to continue a fixed deal.

MaDMaX**

Mstty said:

MaDMaX** said:

this is all i could find in the t & c's

(c) Moving home – if you move home and we are able to support the meter type at your new home, you may change the premises being supplied to your new premises. If you decide to do this, you must tell us which fuels you want us to supply at your new premises so that we can apply to become the registered supplier for those fuels and you will need to agree a new tariff with us that we have available at that time for your new premises. 4.6 To do any of the above you need to ask us. If you do, the changes will apply once we have processed your request. Your charges may change as a result, and you agree to this. You may also have to pay costs associated with changing your meter. We will explain any changes to your charges and any extra costs to you at the time. 

Yep pretty clear if you move it's a new tariff. Gone are the days of moving then transferring supply to your previous supplier to continue a fixed deal.

thanks. thought as much lol,, but better to know than commit to a deal now, and regret it later 

khaa2091

Apologies for the duplicate post.
I move off the People's Energy tariff on 30th june.  I have been offered 4 tariffs or go onto the variable rate.

My current estimated usage is annual - gas 7255.58 kwh and electric 5442 kwh

Gas                  June v.1           v.2

Gas UR            10.361             10.549
Gas SC            29.959p           31.329p
Elec UR           35.723             38.136
Elec SC           43.398             45.435

Any suggestions gratefully received....

The_Groat_Counter

EDF's two year fix with a £300 early exit fee

This is shown in the table in the latest MSE email dated 8 June 2022.

As an existing customer, I am eligible for this tariff which is an average of 24% more than the current (summer 2022) price cap.

Given the predicted price rise of 42 - 46% for this coming winter, I'd jump at it if it was a one-year fix. But of course it's a two-year fix (until May 2024), and comes with a hefty £300 early exit fee - so basically this is crystal-ball gazing into what the energy market might look like in the winter of 2023-24.

I'm still tempted, but I'm in a quandary as to whether it's a smart move or not. I'm sure there are many others with the same dilemma. Otherwise I'll be considering the Ovo Energy one-year fix - average of 38% more than current cap, with a £60 exit fee.

Mstty

khaa2091 said:

Apologies for the duplicate post.
I move off the People's Energy tariff on 30th june.  I have been offered 4 tariffs or go onto the variable rate.

My current estimated usage is annual - gas 7255.58 kwh and electric 5442 kwh

Gas                  June v.1           v.2

Gas UR            10.361             10.549
Gas SC            29.959p           31.329p
Elec UR           35.723             38.136
Elec SC           43.398             45.435

Any suggestions gratefully received....

Both those fixes are under the predicted October rise. About three of us on here can to our own conclusions the Ofgem £2800 cap in the news will mean approx 40p kWh for Elec and 11p kWh for gas. 

June v1 is obviously the cheapest.

The choice as they say.....is yours