E-ON Next V15

MaterialGirl*

AndyPK said:

Well if Gas is predicted to be more of an increase then it maybe better to lockin for winter.

P.S. What is the exit fee and can you exit to go onto the standard tariff ? (p.s. I never thought I would ask that last question!)

No exit fee.

Frap_Gadz

For me this "deal" appears to be nothing more than locking in the current predictions about the October price increase three months early.... I guess if you want to remove any uncertainty and don't mind paying an extra three months of the October prices to do so then it could be worth it.

Mstty

This is very much like the 2 year deal I took with Eon Next back in March this year. They were offering the price cap figures for my region as a fix for two years, no exit fee so I took it.

Good thing about Eon Next is they delayed it for a month to start 1st April so we have been paying the current April price cap and obviously no exit fee should the prices dip below my regions 29.24p kWh electricity rate.

I am not saying take it by any means but I'm glad we did back in March as we then went on an energy cut back exercise to minimise the damage to the wallet.

pinky1978

pochase said:

42% was the end of May prediction in the Ofgem letter to government with Cornwall insights having the same prediction.
45% was the Cornwall Insights prediction on 1st of June
51% was the Cornwall Insights prediction on 20th of June

As @Astria is saying the 51% is not the increase for the unit price, but unfortunately it is not to scare people. The expected increase for the gas unit rate is a whopping 70%. not just 51%.

How is that possible. Most agree there will be no increase in the standing charges, so you deduct the standing charge from the predicted gas price. If you dive the result by 12000 (Ofgem average gas use) you get the new unit rate of 12.47p. Subtract the old unit rate of 7.3 and you get the increase of 5.17, which is an increase  70.82%.

The above does not take regional difference for standing charges or unit rates into account.

pochase you are so good at working out the figures I was wondering if you would be able to tell me what the possible unit prices for the Gas and Electricity might be since the most recent Cornwall Insights predictions Martin spoke about last week.  Thank You So Much.

1 October 2022 to 31 December 2022 Strong prediction	UP 65% according to the latest prediction (Friday 8 July) from analysts at Cornwall Insight. £3,244/year on typical u
1 January 2023 to 31 March 2023 Prediction	UP 4% based on Cornwall Insight predictions. £3,363/year on typical use.

pochase

Here are the unit prices from the latest prediction as calculated by @QrizB

pinky1978

pochase said:

Here are the unit prices from the latest prediction as calculated by @QrizB

Thank You So Much for that lightening fast reply pochase.

nekr0mantik

Eon are allowing me to take eon next v15 from next week but I'm still confused if I should stay on variable to save until October or will the Oct rise be same as v15 fixed rate? This is just electric.

Ballymoney

nekr0mantik said:

Eon are allowing me to take eon next v15 from next week but I'm still confused if I should stay on variable to save until October or will the Oct rise be same as v15 fixed rate? This is just electric.

Can I ask what the unit rates are for the v15? I can only see v16 on the rates I’m being offered by eon Next.

Mstty

Ballymoney said:

nekr0mantik said:

Eon are allowing me to take eon next v15 from next week but I'm still confused if I should stay on variable to save until October or will the Oct rise be same as v15 fixed rate? This is just electric.

Can I ask what the unit rates are for the v15? I can only see v16 on the rates I’m being offered by eon Next.

Don't forget unit rates even on fixes vary by region so what someone gets might not be reflective on what you might have got/get. Unless you happen to be the same region.

Might be worth a search on this in the forum as this deal has been mentioned a lot in the past. Maybe even scroll through the sticky top posts regarding what rates have you been offered bound to be in there.

pinky1978

nekr0mantik said:

Eon are allowing me to take eon next v15 from next week but I'm still confused if I should stay on variable to save until October or will the Oct rise be same as v15 fixed rate? This is just electric.

I didn't think the V15 was available anymore.  Are you sure it's the V15 and not the V16 they are offering you just now ?