E.ON Next - Next Loyalty Fixed v4

sheffieldeagle

Hi

Anybody struggling to sign in online on a laptop or PC I've just managed to login using my mobile. Looking at my quote it seem to suggest the exit fees are applicable if you switch to their SVR from this fix.

Cheers

Scot_39

RG2015 said:

That said, I cannot see the Ofgem price cap dropping below the V4 fix rates in the next 12 months.

Cornwall insights were forecasting another drop in gas - in Q4 - mid May - to 6.7p - so c10% - but back to 7.08p - so still several percent.

https://www.cornwall-insight.com/press/cornwall-insight-release-final-forecast-for-july-price-cap/

But both electric Q4 Q1 and Q1 gas going back up - their forecast cap numbers - Q4 £1975 and Q1 £2045  (but they predicted £20 less than Ofgem for JUly 1 theen too)

Edit

Been pointed out to me those CI figures are now out of data - and the current next 2 pricing forecast snapshots are lower - see

https://www.cornwall-insight.com/predictions-and-insights-into-the-default-tariff-cap/

"Current predictions: calculated from market closing prices on 12 June 2023

Figure 1: Cornwall Insight’s Default tariff cap forecasts including VAT (dual fuel, direct debit customer, national average figures) 

QUARTERLY		Q4 2023 (Oct-Dec) Forecast	Q1 2024 (Jan-Mar) Forecast
Electricity		£1,032.99	£1,007.47
Gas		£899.60	£936.40
TOTAL		£1,932.59	£1,943.87

Figure 2: Default Tariff Price cap forecasts, Per Unit Cost and Standing Charge including VAT (dual fuel, direct debit customer, national average figures) 

Electricity	Q423 Forecast	Q124 Forecast
Standing Charge (£/day)	0.53	0.53
Per Unit Costs (p/kWh)	28.95	28.12
Gas	Q423 Forecast	Q124 Forecast
Standing Charge (£/day)	0.29	0.29
Per Unit Costs (p/kWh)	6.60	6.92

That Q1 number c£100 less than the May figure linked above - about £77 of it electric - assuming it is calculated the same way etc.

Edit End

 

And obviously that still leaves any current fix covering Q2 2024 - which I haven't seen their estimate for.

I don't see people losing a lot on these deals - and for many - peace of mind after last year - will swing it for many.

Edit - "The new snapshots above I guess might suggest there might be a few more percent to come if fixes are using similar information."

( And better than the often premium rate fixes in the past - where 2 yr fixes especially - often charged more than current SVT rates at big 6 - BG, SP etc)

Maybe V4 a reaction to others coming on board with new fixes (saw a post re Octopus fix the other day)

oldagetraveller1

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

diyobi

oldagetraveller1 said:

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

Wow, now this is decent!  Giving it a couple of hours to work out what to do on stay on SVR

camelopardis

DerwentMailman said:

This is what I see

Does the V4 tariff differ widely for everyone?  This is what I've been quoted

RG2015

Like the disciple (doubting) Thomas, I like to do my own research. No disrespect to @oldagetraveller1, but I also asked E.ON Next and received the following response in 7 minutes!

Hi RG2015, Thank you for getting in touch, No, moving between tariffs with us is free of charge, Feel free to get in touch if you have any further queries, Have a great day RG2015, Regards, Amman Res Energy Specialist 😊 Amman E.ON Next Hi, I have just taken out a 1 year fixed rate deal, Next Loyalty Fixed v4. I notice that there would be an exit fee of £75 to change to a different supplier before the tariff end date. However, would I incur any fee if I wished to switch to another E.ON Next tariff before the end date? Kind regards, RG2015

RG2015

camelopardis said:

DerwentMailman said:

This is what I see

Does the V4 tariff differ widely for everyone?  This is what I've been quoted

There are relatively small differences between different regions in the country. This was also the case for the Ofgem energy price cap and the Government energy price guarantee.

One reason is that it is more expensive per house/flat in rural areas compared with high population city locations. Hence the daily standing charge which covers the supply network costs will tend to be lower in cities.

In addition,these regions are served by different companies. Long gone are the days of one national energy supplier.

diyobi

RG2015 said:

Like the disciple (doubting) Thomas, I like to do my own research. No disrespect to @oldagetraveller1, but I also asked E.ON Next and received the following response in 7 minutes!

Hi RG2015, Thank you for getting in touch, No, moving between tariffs with us is free of charge, Feel free to get in touch if you have any further queries, Have a great day RG2015, Regards, (Removed by Forum Team) Res Energy Specialist 😊 (Removed by Forum Team) E.ON Next Hi, I have just taken out a 1 year fixed rate deal, Next Loyalty Fixed v4. I notice that there would be an exit fee of £75 to change to a different supplier before the tariff end date. However, would I incur any fee if I wished to switch to another E.ON Next tariff before the end date? Kind regards, RG2015

RG2015, thanks for the double check.  Seems a no brainer for those lucky enough to have been offered the v4 and then if another deal surfaces later in the year switch to it - with EON of course :-)

RG2015

diyobi said:

RG2015 said:

Like the disciple (doubting) Thomas, I like to do my own research. No disrespect to @oldagetraveller1, but I also asked E.ON Next and received the following response in 7 minutes!

Hi RG2015, Thank you for getting in touch, No, moving between tariffs with us is free of charge, Feel free to get in touch if you have any further queries, Have a great day RG2015, Regards, Amman Res Energy Specialist 😊 Amman E.ON Next Hi, I have just taken out a 1 year fixed rate deal, Next Loyalty Fixed v4. I notice that there would be an exit fee of £75 to change to a different supplier before the tariff end date. However, would I incur any fee if I wished to switch to another E.ON Next tariff before the end date? Kind regards, RG2015

RG2015, thanks for the double check.  Seems a no brainer for those lucky enough to have been offered the v4 and then if another deal surfaces later in the year switch to it - with EON of course :-)

Have you looked at your account online to see if this is available to you?

Scot_39

diyobi said:

RG2015 said:

Like the disciple (doubting) Thomas, I like to do my own research. No disrespect to @oldagetraveller1, but I also asked E.ON Next and received the following response in 7 minutes!

Hi RG2015, Thank you for getting in touch, No, moving between tariffs with us is free of charge, Feel free to get in touch if you have any further queries, Have a great day RG2015, Regards, Amman Res Energy Specialist 😊 Amman E.ON Next Hi, I have just taken out a 1 year fixed rate deal, Next Loyalty Fixed v4. I notice that there would be an exit fee of £75 to change to a different supplier before the tariff end date. However, would I incur any fee if I wished to switch to another E.ON Next tariff before the end date? Kind regards, RG2015

RG2015, thanks for the double check.  Seems a no brainer for those lucky enough to have been offered the v4 and then if another deal surfaces later in the year switch to it - with EON of course :-)

Or Switch to EOn Next Flex SVT first for free - then Switch supplier.

Whereas another MSEr I believe posted that Octopus have said their fee applies even for internal switches.

Its an important distinction, which is why the questions have been being asked in this v4 post and other EOn legacy version posts.