What to do from July 1st if you are on an Eon next V11 2 year fixed deal?

ruxton28

i am wondering what to do from July 1st if you are on an Eon next V11 2 year fixed deal.
Is it worth contacting them and asking about ditching my current deal and switching to a new fixed deal or just stay put?

SaverRate

Stay put, then get moved onto the standard tariff or they may offer you a loyalty fix but may not be cheaper than the standard tariff.

If their options are not the cheapest it may be worth looking at moving to Octopus on their standard tariff as there rates are slightly lower than the price cap. They also offer electric car tariffs and tracker tariff. 

My fix with Sainsburys Energy (EON Next) ends September/October time. I like their billing and being able to facebook message them so not sure whether to stay or if they cant offer a fix lower than the price cap, move to Octopus. 

Scot_39

IIRC from other posts EOn (EOn Next ?) used to allow switches from some fixes to their own SVT without penalty in the past.  (I know from managing parents accounts under POA - SP used to a few years ago.)

There seems a little bit of debate on that now though - for the new Loyalty V1/V2 - so do check - before doing so - if on a more expensive rate cf July cap.

As to switching because it isn't cheaper than SVT - you seem to be expecting the market to revert to the old pre Ukraine ways - other's posting here suspect otherwise.

At least one EOn customer offered their "loyalty V2" posting here was offered the July cap rates exactly.

Mstty

ruxton28 said:

i am wondering what to do from July 1st if you are on an Eon next V11 2 year fixed deal.
Is it worth contacting them and asking about ditching my current deal and switching to a new fixed deal or just stay put?

Move to Octopus? 

Try out Agile see if you like that sort of tariff where you plan the next days electricity use, get on the waiting list for Tracker for gas and also maybe electricity?

andywilliams1187

Scot_39 

As to switching because it isn't cheaper than SVT - you seem to be expecting the market to revert to the old pre Ukraine ways - other's posting here suspect otherwise.

At least one EOn customer offered their "loyalty V2" posting here was offered the July cap rates exactly.

Morning, it was myself who posted regarding this as our fixed rate ends 26th June

The SVT and the 12 month fix are at exactly the same rates, but there is a hefty leaving fee on the fix (£75 per fuel). That being said, I am not sure which way prices will go and the fixed rate price will be £129 (or £126 - will have to double check). It is significantly less that we initially expected (it is higher than the 86 a month we pay now) so have decided to take the fix. We may "lose" if prices drop considerably but it gives us an affordable price and peace of mind for the next 12 months

Stingy_Samson

andywilliams1187 said:

Scot_39 

As to switching because it isn't cheaper than SVT - you seem to be expecting the market to revert to the old pre Ukraine ways - other's posting here suspect otherwise.

At least one EOn customer offered their "loyalty V2" posting here was offered the July cap rates exactly.

Morning, it was myself who posted regarding this as our fixed rate ends 26th June

The SVT and the 12 month fix are at exactly the same rates, but there is a hefty leaving fee on the fix (£75 per fuel). That being said, I am not sure which way prices will go and the fixed rate price will be £129 (or £126 - will have to double check). It is significantly less that we initially expected (it is higher than the 86 a month we pay now) so have decided to take the fix. We may "lose" if prices drop considerably but it gives us an affordable price and peace of mind for the next 12 months

Don't forget you can ditch the Eon fixed loyalty tariff at any time before the 12 months is up without the £75 fees per fuel as long as you switch to their standard tariff. The exit fees only apply if you want to leave for another supplier.  

Scot_39

andywilliams1187 said:

Scot_39 

As to switching because it isn't cheaper than SVT - you seem to be expecting the market to revert to the old pre Ukraine ways - other's posting here suspect otherwise.

At least one EOn customer offered their "loyalty V2" posting here was offered the July cap rates exactly.

Morning, it was myself who posted regarding this as our fixed rate ends 26th June

The SVT and the 12 month fix are at exactly the same rates, but there is a hefty leaving fee on the fix (£75 per fuel). That being said, I am not sure which way prices will go and the fixed rate price will be £129 (or £126 - will have to double check). It is significantly less that we initially expected (it is higher than the 86 a month we pay now) so have decided to take the fix. We may "lose" if prices drop considerably but it gives us an affordable price and peace of mind for the next 12 months

Iirc your a heavy electric light gas mix in total £s

And given that and fact CI forecasting a 1.2p rise in electric by Q1 - I suspect its a pretty good bet.

And certainty of pricing / peace of mind was a bigger part of old fixes at big 6 - as price savings had become at the now defunct "new challangers" .