Eon fixed or variable

emillydee

Would appreciate some advice on whether to take fixed or variable. We are low users.

Had a £73.26 variable rate offered. It would be £104 in October till April with the expected 42% cap rise. 

Or

£91.75 for fixed 12 months. No future fees to cancel or leave tariff.

TIA.

Brewer21

I took, well stayed on Eon.Nexts variable tariff. At the time the choice was a 12 month fix @£109 pm or £99 on the variable Net Flex. Also a low user here, I could actually lower my monthly DD to £70, just holding off that to see how my bills pan out this month, about £118 in credit so not a large amount.

Mstty

I suspect this one will be down to the individual and whether you fancy a fix for the next 12 months to help budget or fancy just riding it out?

emillydee

Thank you both 

victor2

emillydee said:

Would appreciate some advice on whether to take fixed or variable. We are low users.

Had a £73.26 variable rate offered. It would be £104 in October till April with the expected 42% cap rise. 

Or

£91.75 for fixed 12 months. No future fees to cancel or leave tariff.

TIA.

Think in annual kWh used per fuel, rather than £, as that is what you are billed for. Takes a bit more effort, but gives more realistic costs when you convert that to money on different tariffs.

At a glance, the fix doesn't look too bad, as it will see you through next winter at a known rate, and there's zero exit fees, should cheaper offers come along. You'd be paying more between now and October, but then save money after the expected price hike in October, when you use much more energy for heating than you will through the summer.