Eon price drop email

Jlewie

Just had this email from from Eon, was expecting a fixed tariff to be offered but just a cheaper flexi rate

Great news -

prices are

finally falling.

Hi xxx

We know that things have been difficult for a while, with high energy prices and living costs putting a strain on household budgets. We're happy to say that with wholesale costs falling, we're lowering your energy prices from 1 July.

The attached document tells you all you need to know and you can see how much it reduces your yearly cost below.

We've checked your Direct Debit, and we're lowering it to £124.79 starting with your July payment.

We're here for you.

If you're struggling to pay for your energy, see how we can help and look at the ways you can save energy in your home.

Giving a meter reading.

Got a smart meter? Then you don't need to give us a meter reading as we'll get one automatically. If you've got a standard meter you can send us a reading up to five days before 1 July, it doesn't have to be on the day. The easiest way is online.

Any way we can help, we will.

The E.ON Next Team

Here's what we think you'll pay over the next 12 months

Estimated annual costs until 30 June 2023: 

  Electricity: £1,078.60

  Gas: £912.03

Estimated annual costs from 1 July 2023: 

  Electricity: £1,003.56

  Gas: £702.33

Price difference: 

  Electricity: £75.04 decrease

  Gas: £209.70 decrease

Your personal projection includes VAT at 5%. It uses your estimated annual usage, your current prices, and your new prices for a period of 12 months. Variable prices may change at any time. Charges on your bill will be displayed excluding 

Krakkkers

Where is the decrease in unit prices? 

Jlewie

Here is the unit prices

Krakkkers

Just logged onto EON and i am being offered elec 29.48p unit, 50.31 DC and Gas 7.38p unit and 29.11p DC.
I thought prices were not dropping until July?
Also i am on Next Flex but the new tariff is also called next flex, what is going on?

QrizB

Krakkkers said:

I thought prices were not dropping until July?
Also i am on Next Flex but the new tariff is also called next flex, what is going on?

It's July in a fortnight, maybe they're just telling you what the rates will be then?

Krakkkers

Yes, when you select the tariff it says its from July 1st and will automatically be applied.

Scot_39

Makes it very clear the majority of the TDCV £426 average saving cf EPG price is gas.

And if I got the calcs right - that £210 is for 7730 kWh - and would scale to over £300 at the 12000 TDCV level.

So duel fuel covers the loss of EBSS £400 - but mainly via the gas.

For all electric - well my price going to go up next year - maybe £6-7+ pw without the EBSS £400 - given CI forecasting increases in electric Q4 and Q1 mid May.