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Fixed rate 12 months Eon next v19

Just received my estimate  for both gas and electricity for next 12 months.
Cheapest deal electricity £2250, gas £3000
Must be paid by monthly DD to get this deal
Jas84

Comments

  • Mstty
    Mstty Posts: 4,209 Forumite
    1,000 Posts First Anniversary Photogenic Name Dropper
    Maybe you can embark on an energy saving exercise. How many kWh of each is this based upon?
  • Astria
    Astria Posts: 1,448 Forumite
    1,000 Posts Second Anniversary Name Dropper
    Which means nothing by itself. Whats the unit cost of the electric and gas? What's the standing charge?
  • QrizB
    QrizB Posts: 21,895 Forumite
    10,000 Posts Fourth Anniversary Photogenic Name Dropper
    Welcome to the forum.
    E.ON Next usually have an "online" version of their fixed rate tariffs, and this is usually a little cheaper than the not-online one.
    Which one have you been offered?
    N. Hampshire, he/him. Octopus Intelligent Go elec & Tracker gas / Vodafone BB / iD mobile. Kirk Hill Co-op member.
    2.72kWp PV facing SSW installed Jan 2012. 11 x 247w panels, 3.6kw inverter. 35 MWh generated, long-term average 2.6 Os.
    Ofgem cap table, Ofgem cap explainer. Economy 7 cap explainer. Gas vs E7 vs peak elec heating costs, Best kettle!
  • matelodave
    matelodave Posts: 9,274 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Photogenic
    edited 22 August 2022 at 12:32PM
    I've just done my own calculation based on twelve years of monthly historical data and ,taking the average, I reckon my DD based on my consumption should be around £380 a month on EoN-Next's V18 tariff.(electricty only - at 54.1p/kwh and 37.92/day) I cant find out what V19 prices are.

    Actually they've under estimated my consumption by around 2000kwh a year and so their DD estimate of £290 is £90 too low making me around £1000 in debit at the end of the period. I've now put it up to £380 to avoid running into too much debit over the winter.

    By my calculations I will have paid £380 x 8 = £2660 by 1st April but I'll have used £3300 worth of leccy, leaving me the rest of the summer to bring it back into balance)

    My alternative to paying £380every month is to end up with bills around £600-£650 a month in December, January and possibly February depending on the weather - I'm just hoping for a mild winter.

    My calculations for this year were nearly spot on - we used £2102.39 and our DD payments of £190.86 came to £2099.46, just under £3 in debit
    BTW we did go around £350 in debit by the end of March but it's been paid off during the summer.


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