New E.ON Fixed Rate deal starting July.

ArbitraryRandom

Please correct me if I'm wrong, but that fix is only available to existing customers? I just had a look at their website and all they would offer is the current cap/variable. 

So I believe the OVO offer is the only one currently available to anyone looking to switch (and from what I can tell the general advice is to stay on the cap for now). 

molerat

It is not available to me or my daughter who are on SVT so I suspect only offered to current fix customers.

bristolleedsfan

wakeupalarm said:

jbuchanangb said:

In a strange twist the confirmation e-mail from E.ON spells out different (higher) rates to those quoted online, and indeed still showing online when I log on to my account. Anyway, here are the rates for the proposed tariff, as on the web site:
Proposed Electricity rates (inc. VAT): Daily: 37.11. Units: 30.02.

Proposed Electricity rates (exc. VAT): Daily: 35.34. Units: 28.59.

Proposed gas rates (inc. VAT): Daily: 14.81. Units: 8.36

Proposed gas rates (exc. VAT): Daily: 14.10. Units: 7.96

Why are Gas standing charges able to be cut by so much but not electricity?

So called typical average household would pay corresponding higher gas unit rate 12000 times, compared with paying corresponding higher electricity unit rate 2900 times ( comparison with estimated predicted July flex unit rates)

[Deleted User]

jbuchanangb said:

 The daily rates and unit rates are lower, both for electricity and gas, than what I am paying now under the Energy Price Guarantee.

What region are you BTW?

Mstty

this may assist people in making decisions about fixing.

AndyDragon

ArbitraryRandom said:

Please correct me if I'm wrong, but that fix is only available to existing customers? I just had a look at their website and all they would offer is the current cap/variable. 

So I believe the OVO offer is the only one currently available to anyone looking to switch (and from what I can tell the general advice is to stay on the cap for now). 

I’m an existing eon next customer and still in a fix and I dont have that tariff option

spot1034

AndyDragon said:

ArbitraryRandom said:

Please correct me if I'm wrong, but that fix is only available to existing customers? I just had a look at their website and all they would offer is the current cap/variable. 

So I believe the OVO offer is the only one currently available to anyone looking to switch (and from what I can tell the general advice is to stay on the cap for now). 

I’m an existing eon next customer and still in a fix and I dont have that tariff option

It's probably only available to those who are within 49 days of their fix ending. I'm in the same position, expecting to hear from them around June 5th so will be interested to see whether I get the same offer or if a new one will have appeared by then. 

Scot_39

Sea_Shell said:

Have fixes lost some of their USP, now that we know the government would most probably step in again and protect us from truly eye watering high  prices.

Surely, as the cap is backwards looking, the only way is down for the foreseeable.

Depends what you mean by foreseeable future - the May 17 CI forecast has shifted quite a bit from May 3rd versions - but Q1 (Jan) 2024 - now over £100 cheaper - is still £70 higher than Q4 (Oct) 23.

And doesn't look as good for electricity heating users as it does for gas cf current EPG levels (rough head calc - maybe average over 3 Q - about 10% vs 30%).

See

https://www.cornwall-insight.com/press/cornwall-insight-release-final-forecast-for-july-price-cap/

mmmmikey

CI won't have any special knowledge of geo-politics and we're living in a world where anything could happen. Fixing prices now is a way of insuring against shocks due to war etc. True, the Government would probably intervene again if needed but any intervention may not be as generous as before, especially given that some of us have actually ended up profiting from the last intervention. So I think there is an argument for fixing as isnurance against big shocks if that worries you but I personally wouldn't try and guess whether you'll be a few p/kWh better or worse off in the absence of major shocks, you might as well bet on the horses IMHO.

Krakkkers

I am with EON next and that offer is not available to me.