E.ON Next - Next Loyalty Fixed v4

anthdci

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

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

Ballymoney 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.

anthdci

spot1034 said:

Ballymoney 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.

AndyDragon

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 

spot1034

I worked out that by Oct 1st I'll have saved about £12 compared to the SVT, and between then and Dec 31st (all guesswork as to usage of-course) I might lose £20, so a net loss of only £8, then given the present forecast a potential saving of perhaps £20 to £30 in Q124 (depends on how cold it is of-course!) followed by the second quarter which, at the moment, looks as if it isn't going to be much different to the rates on V4 - electricity a penny or two less perhaps but mitigated by the standing charge saving, and of-course the SC might have gone up a bit by then. 

On present forecasts I still hope to end up a few pounds ahead but If I lose out I doubt it'll be by more than a trivial sum, and there is still the reassurance of being protected in the event that prices rise for whatever reason.

By the way, regions might vary but I worked out my standing charge saving on this tariff at present is just over 12p per day which is well over £40 per year.

Sea_Shell

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

flipflophw

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

oldagetraveller1 said:

Just received this reply after requesting clarifiation from Eon re their V4 fix.

flipflophw

Bendo

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.