EON next new prices

gt94sss2

Has anyone on a Eon/Sainsburys fixed tariff noticed that they seem to have raised the standing charge for their gas supply?

Mine was 27.22p/day but is now showing online as 28.48p (London area)

I thought that the standing charges should not be impacted due to the EPG?

molerat

Still showing wrong prices if you go for a quote though.

stewie_griffin

I’m on a fixed tariff and mine has updated on the app. Only my electricity unit rates have decreased as everything else was already less than the EPG.

stewie_griffin

gt94sss2 said:

Has anyone on a Eon/Sainsburys fixed tariff noticed that they seem to have raised the standing charge for their gas supply?

Mine was 27.22p/day but is now showing online as 28.48p (London area)

I thought that the standing charges should not be impacted due to the EPG?

Mine's still showing as 27.22p. My accounts are separate though so don’t know if that would make a difference.

[Deleted User]

gt94sss2 said:

Has anyone on a Eon/Sainsburys fixed tariff noticed that they seem to have raised the standing charge for their gas supply?

Mine was 27.22p/day but is now showing online as 28.48p (London area)

I thought that the standing charges should not be impacted due to the EPG?

Dual fuel fixed here - gas SC still at 27.22p

Chesney18

Fixed Price energy contracts will still benefit from the EPG just like those on the standard price capped contracts.

Standard price contracts get a discount on the capped energy price, per kWh - 17p off electric and 4.2 p off gas.
For a typical use household the annual bill then drops from £3,500 to £2,500. 

If a typical house is "fixed price", its bill will also fall by up to £1000/year, but not to a cost below £2,500/year.  The discount (p/kWh) depends on your fix price, but it will not more than 17p / 4.2p.  

search .gov.uk  "Energy bills support factsheet"

GreenCustomer

Chesney18 said:

Fixed Price energy contracts will still benefit from the EPG just like those on the standard price capped contracts.

Standard price contracts get a discount on the capped energy price, per kWh - 17p off electric and 4.2 p off gas.
For a typical use household the annual bill then drops from £3,500 to £2,500. 

If a typical house is "fixed price", its bill will also fall by up to £1000/year, but not to a cost below £2,500/year.  The discount (p/kWh) depends on your fix price, but it will not more than 17p / 4.2p.  

search .gov.uk  "Energy bills support factsheet"

EON Next's wording
"For the small number of customers who fixed at a high rate exceeding the October Ofgem price cap of £3,549 (£3,674 paying on receipt of bill), they will receive the full discount of 16.998p for electricity and 4.2p for gas. To make sure that those customers also benefit from the EPG we will bring their fixed price down to be in line with the government's £2,500 average threshold."

My take on this was that those that fixed at much higher rates would have greater than 17p and 4.2p discounts to fully match the EPG.
I still remain hopeful that they will.

Edit: There is still the option to switch back to SVT with No exit fees. But will wait a little longer as would prefer the protection of a fixed tariff in case of changes to the EPG.

[Deleted User]

GreenCustomer said:

Chesney18 said:

Fixed Price energy contracts will still benefit from the EPG just like those on the standard price capped contracts.

Standard price contracts get a discount on the capped energy price, per kWh - 17p off electric and 4.2 p off gas.
For a typical use household the annual bill then drops from £3,500 to £2,500. 

If a typical house is "fixed price", its bill will also fall by up to £1000/year, but not to a cost below £2,500/year.  The discount (p/kWh) depends on your fix price, but it will not more than 17p / 4.2p.  

search .gov.uk  "Energy bills support factsheet"

EON Next's wording
"For the small number of customers who fixed at a high rate exceeding the October Ofgem price cap of £3,549 (£3,674 paying on receipt of bill), they will receive the full discount of 16.998p for electricity and 4.2p for gas. To make sure that those customers also benefit from the EPG we will bring their fixed price down to be in line with the government's £2,500 average threshold."

My take on this was that those that fixed at much higher rates would have greater than 17p and 4.2p discounts to fully match the EPG.
I still remain hopeful that they will.

Edit: There is still the option to switch back to SVT with No exit fees. But will wait a little longer as would prefer the protection of a fixed tariff in case of changes to the EPG.

Mine was.

GreenCustomer

Good to know. Thanks.

Astria

molerat said:

Still showing wrong prices if you go for a quote though.

They more than likely want to keep the actual prices the same though, as the 17p off is just that, a discount which can be changed at any time so you don't want to redo all your tariffs based on it.

I've just had to agree to paying 52p/kWh as I selected SVT, even though now its gone through it's ~34p.