New E.ON Fixed Rate deal starting July.

bristolleedsfan

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bristolleedsfan

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johnydeath

Scot_39 said:

johnydeath said:

Scot_39 said:

johnydeath said:

jbuchanangb said:

Here is the screenshot showing current and proposed tariffs:

Interesting, my quote for gas on the same Jul 23 Iss 1 is slightly less at 8.28 unit and same 14.81 sc.

I see the new v2 just come out is 7.43 unit and 29.11 sc, that makes the v2 an extra £52 a year on the standing charge, crikey

And nearly double that saving on tge TDCV 12000kWh gas consumption - 8.28-7.43= 0.85p x 12,000 = £102.

So overall £50 cheaper.

Looking at only one component of a price is meaningless.

And even relative small households can win with the new lower unit rates.

£52 / 0.85p = 6117 units to recover the difference.

Yes, you have to take into account the whole package and what you use, but for us for dual fuel, we’ve reduced by £250 a year to go onto the v1, but the v2 which should be cheaper than the v1 (?) has gone up £60 over the v1

Why should the V2 be cheaper than the V1 ?

Clearly EOn - who seemed very selective on who they offered V1 to - have looked at it - and decided it carries a high financial risk to them - particularly as it's low SC favoured low users - over actual fixed payments to grid etc.

When for instance CI latest figures suggest prices increasing for electric - and even bouncing back for Q1 2024 for gas ?

Fixed deals aren't necessarily a rush to the bottom - their not designed to favour the customer over the supplier - who only has a 1.9% EBIT (profit allowance) in the cap.

In the past the big 6 actually charged a premium over current rates for the security.

Good point, I assumed the v2 would be cheaper after the lower price cap was announced. The v3 is now out and is a smidgin lower than the v2 on the standing charges 

johnydeath

v4 now out, slightly reduced kWh and standing charges for gas and lecky over v2 and v3. For me, £33 a year cheaper than the v3

Mstty

Interested bystander anyone able to provide the v4 fix price for electricity and SC for the Eastern region?

johnydeath

Approx 29.3p kWh and 47.94p sc

Mstty

johnydeath said:

Approx 29.3p kWh and 47.94p sc

Very close to our current fix from April 2023 then at 29.24p kwh. Are those rates including vat as the SC is a bit cheaper than our fix.

johnydeath

Mstty said:

johnydeath said:

Approx 29.3p kWh and 47.94p sc

Very close to our current fix from April 2023 then at 29.24p kwh. Are those rates including vat as the SC is a bit cheaper than our fix.

Inc vat. The variable is 29.61 pkwh and 53.96 sc inc vat - wonder if it’s worth going on that for a few months rather than being tied into a year, and fixing later in the year whilst we use no gas and less lecky to hope prices reduce further