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E.ON Next - Next Loyalty Fixed v4

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  • anthdci
    anthdci Posts: 36 Forumite
    Part of the Furniture 10 Posts Combo Breaker
    QrizB said:
    anthdci said:
    Bumping this up, since those (including myself) who took this out will be paying more from 1st Oct. Hopefully EON will have a replacement, that we can switch to, out soon.
    Are you saying that your fixed rate will increase in October? That would be ... odd?
    No, I mean our fix will be higher per unit than the price cap from 1st Oct, though the standing rate is slightly cheaper on the fix. 

    My curious if EON release a new tariff that we can switch to that slightly undercuts the October rate, like the V4 did for the last one.
  • Ballymoney
    Ballymoney Posts: 247 Forumite
    Part of the Furniture 100 Posts Name Dropper Combo Breaker
    Looking at the future prices I’m confident this EoN fix will be a winner over the next 12 months. For this reason alone I’d be very surprised if a new fix became available that beat this v4 rate. I’m happy with my decision.
  • spot1034
    spot1034 Posts: 930 Forumite
    Part of the Furniture 500 Posts Name Dropper
    Looking at the future prices I’m confident this EoN fix will be a winner over the next 12 months. For this reason alone I’d be very surprised if a new fix became available that beat this v4 rate. I’m happy with my decision.
    I agree, I think I'm right in saying that it's still the best fix which has been offered with the exception of the one presently available from Octopus (which is only available to Octopus customers), coming in at about 3% below the present price cap. The saving on standing charges is significant and could become even more so if they increase in the next two quarters, and with the gas unit price on the price cap presently predicted to rise to somewhere over 7.5p for the heavy usage quarter of January to March it is likely that any new fixes will reflect this.
  • anthdci
    anthdci Posts: 36 Forumite
    Part of the Furniture 10 Posts Combo Breaker
    spot1034 said:
    Looking at the future prices I’m confident this EoN fix will be a winner over the next 12 months. For this reason alone I’d be very surprised if a new fix became available that beat this v4 rate. I’m happy with my decision.
    I agree, I think I'm right in saying that it's still the best fix which has been offered with the exception of the one presently available from Octopus (which is only available to Octopus customers), coming in at about 3% below the present price cap. The saving on standing charges is significant and could become even more so if they increase in the next two quarters, and with the gas unit price on the price cap presently predicted to rise to somewhere over 7.5p for the heavy usage quarter of January to March it is likely that any new fixes will reflect this.
    The standing charge difference isn’t that significant. It’s £7.93 more for electric and £23.87 more for gas over a year, compared to the v4 tariff, you’ll easily save that much from the usage being cheaper over that same time.
  • There is the cost saving from this current price cap being higher than the v4. Adding that and the potential for rises in the next period… I feel comfortable sticking 
  • Sea_Shell
    Sea_Shell Posts: 10,019 Forumite
    Tenth Anniversary 1,000 Posts Photogenic Name Dropper
    Just looked at my personal figures, and on most recent estimated annual usage* (which is pretty accurate to actual), my V4 cost will be £1285.

    This compares to the current cap of £1345, and £1256 based on the coming October cap.

    I'm OK with that.   


    * Gas - 8654, Elect - 1413
    How's it going, AKA, Nutwatch? - 12 month spends to date = 2.60% of current retirement "pot" (as at end May 2025)
  • anthdci said:
    QrizB said:
    anthdci said:
    Bumping this up, since those (including myself) who took this out will be paying more from 1st Oct. Hopefully EON will have a replacement, that we can switch to, out soon.
    Are you saying that your fixed rate will increase in October? That would be ... odd?
    No, I mean our fix will be higher per unit than the price cap from 1st Oct, though the standing rate is slightly cheaper on the fix. 

    My curious if EON release a new tariff that we can switch to that slightly undercuts the October rate, like the V4 did for the last one.
    @eon_next since when did a exit fee apply when changing tariff not supplier

    Replying to @darrenjewels68 Tariff's which are secured do have exit fees even if switched internally. If you are over a 14 day cooling of period there will be exit fees I'm afraid. Thanks-Moh

    darren jewels @darrenjewels68.1d When did this happen as never paid before

    E.ON Next @eon_next. 1d Replying to @darrenjewels68

    I do not have exact date details as this would be specific to tariff information. -Moh
  • anthdci
    anthdci Posts: 36 Forumite
    Part of the Furniture 10 Posts Combo Breaker
    Just received this reply after requesting clarifiation from Eon re their V4 fix.


    flipflophw
  • Bendo
    Bendo Posts: 554 Forumite
    Sixth Anniversary 500 Posts Name Dropper
    Sainsburys (effectively eon next) have two fixed options, the slightly cheaper one has exit fees for changing tariff as well as supplier so wouldn't surprise me if Eon Next end up with similar options at some point.
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