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

spot1034

There's potential for confusion with Eon Next's tariffs as there is the Next Online series offering reasonable deals (given the present circumstances) for existing customers - currently as I write this at v17, and the Next 1 Year currently at v15. As has been said, the latter is an expensive tariff, presumably the one they'll quote for non-customers who they don't really want. It was less than two weeks ago that the Next Online series was on v15 which was seen as a good deal, and in fact I signed up to that one myself and I'm glad I did. Don't get the two different series confused!

Mstty

SteveCooper said:

I have been offered 2 electricity fixed tariffs from my existing supplier who is EDF and from Octopus who are my current Gas supplier and are wanting me to go duel fuel

EDF - 2 year fixed price - £150 exit fee

40.79 p KWh
48.53 p Daily Standing charge 

Octopus - 1 year fixed price - £ nil exit fee

40.79 p KWh
48.26 p Daily stsnding charge 

Not much in the price structure just 1 year or 2 is the longer term price going to rocket further or the opposite its going to start falling ?  

Hi Steve, welcome to the forum.

Both of those come under the predicted price of electricity come October then the subsequent rise again in Jan 2023.

However no one has come to the forum with a fixed deal for electricity at that price for a long time from Octopus. Are you sure it's not more like 60p.

bristolleedsfan

Mstty said:

SteveCooper said:

I have been offered 2 electricity fixed tariffs from my existing supplier who is EDF and from Octopus who are my current Gas supplier and are wanting me to go duel fuel

EDF - 2 year fixed price - £150 exit fee

40.79 p KWh
48.53 p Daily Standing charge 

Octopus - 1 year fixed price - £ nil exit fee

40.79 p KWh
48.26 p Daily stsnding charge 

Not much in the price structure just 1 year or 2 is the longer term price going to rocket further or the opposite its going to start falling ?  

However no one has come to the forum with a fixed deal for electricity at that price for a long time from Octopus. Are you sure it's not more like 60p.

Steve is an existing Octopus customer thus would qualify for 12 month fixed Loyal Octopus, typically around 50p kWh, this is lowest kWh I have spotted. - North East Region

Mstty

bristolleedsfan said:

Mstty said:

SteveCooper said:

I have been offered 2 electricity fixed tariffs from my existing supplier who is EDF and from Octopus who are my current Gas supplier and are wanting me to go duel fuel

EDF - 2 year fixed price - £150 exit fee

40.79 p KWh
48.53 p Daily Standing charge 

Octopus - 1 year fixed price - £ nil exit fee

40.79 p KWh
48.26 p Daily stsnding charge 

Not much in the price structure just 1 year or 2 is the longer term price going to rocket further or the opposite its going to start falling ?  

However no one has come to the forum with a fixed deal for electricity at that price for a long time from Octopus. Are you sure it's not more like 60p.

Steve is an existing Octopus customer thus would qualify for 12 month fixed Loyal Octopus, typically around 50p kWh, this is lowest kWh I have spotted. - North East Region

Can you get it down to 40p? With some editting lol

👍

bristolleedsfan

Mstty said:

Can you get it down to 40p? With some editting lol

👍

Yes by editing the name of the energy company    https://www.greenenergyuk.com/

Wellsbells

I am SO confused on all this.  I am an EON Next customer - electricity only. SW Wales.

My current fix comes to an end 31 August.

EON Next are offering me:

a. NextFlex - their SVT where the current kWh unit price is 28.29p

b. Next Online V17 fixed to Sept 2023 where the kWh unit price will be 51.16p

c. Next 1 Year V15 fixed to Sept 2023 where the kWh unit price will be a whopping 65.00p (why would anyone choose that?)

I know the SVT will rise in October and again in January and I understand (I think) that the prediction is a total rise of c.70%

So at 70% increase, 28.29p now, becomes 48.09p per kWh by January 2023

Therefore the V17 fix at 51.16p per kWh seems too expensive to be worth it

Am I understanding and calculating correctly please?  Or am I missing something fundamental?

Thank you.

si_74

Wellsbells said:

I am SO confused on all this.  I am an EON Next customer - electricity only. SW Wales.

My current fix comes to an end 31 August.

EON Next are offering me:

a. NextFlex - their SVT where the current kWh unit price is 28.29p

b. Next Online V17 fixed to Sept 2023 where the kWh unit price will be 51.16p

c. Next 1 Year V15 fixed to Sept 2023 where the kWh unit price will be a whopping 65.00p (why would anyone choose that?)

I know the SVT will rise in October and again in January and I understand (I think) that the prediction is a total rise of c.70%

So at 70% increase, 28.29p now, becomes 48.09p per kWh by January 2023

Therefore the V17 fix at 51.16p per kWh seems too expensive to be worth it

Am I understanding and calculating correctly please?  Or am I missing something fundamental?

Thank you.

By just adding the percentage of the expected increase to the kwh rate is a guide, but over simplifies it a bit as the percentage increase (of the new cap) is not necessarily the same for gas and electric. The common feeling is that gas will increase by a greater percentage than electricity therefore the 51.16p looks even more expensive....

However.......a month or two ago 35p/kwh looked like an expensive fix but has turned out not to be. 

It's really difficult at the moment as fixes don't seem to be available for long before they are pulled and it seems they are only being replaced by more expensive versions.

medalto

My EDF fixed deal (Economy 7 electricity only, £270/month  - yes its a lot. 70s electric Underfloor heating  and the northern  Scotland.) comes to an end in August and they are suggesting the variable rate  @ £334 /month  or a fixed rate @ £439/month.

ive been told the  components of the tariff ( standing charge/day , Night rate, Daytime rate)  vary from provider to provider . but the alternative providers ive questioned

1. don't disclose their rates

and

2. Don't take on new customers.

I've got detailed usage information  and would like to shop around to see what combination of rates gives me the best variable-rate deal .

But is seems that i cant.

is this just me or common for everyone coming to the end of a fixed rate  and moving to variable ?

Mstty

medalto said:

My EDF fixed deal (Economy 7 electricity only, £270/month  - yes its a lot. 70s electric Underfloor heating  and the northern  Scotland.) comes to an end in August and they are suggesting the variable rate  @ £334 /month  or a fixed rate @ £439/month.

ive been told the  components of the tariff ( standing charge/day , Night rate, Daytime rate)  vary from provider to provider . but the alternative providers ive questioned

1. don't disclose their rates

and

2. Don't take on new customers.

I've got detailed usage information  and would like to shop around to see what combination of rates gives me the best variable-rate deal .

But is seems that i cant.

is this just me or common for everyone coming to the end of a fixed rate  and moving to variable ?

Not many options have a look at 

https://www.greenenergyuk.com/

Best switch and fix rates on the market currently with no exit fees.

Read the terms and conditions make.sure it's right for you. This is a fixed rate not bound by price caps but does come under the expected rise in October. 

To rejoin a price capped product in the future you wil have to switch to another provider at the end of your fixed rate as Green Energy are not bound by price caps and do not have to offer a product of this nature.

If you are happy with a switch and fix then a switch at the end should they not offer you a competitive one at the end of your fixed rate this could be for you.

QrizB

medalto said:

the alternative providers ive questioned

1. don't disclose their rates

and

2. Don't take on new customers.

Pretty much all providers disclose their rates, and several providers are taking on new customers. Who have you tried?