Which Energy Fixed Tariff is better?

Emeraldos

I got offered an SoEnergy SoJuniper 1 Year Dual-Fuel Fixed Tariff and I also got an offer to stay with Eon Next on their Next Loyalty V4 Dual-Fuel Fixed Tariff.

SoEnergy:

Electricity:

Unit rate   29.201p per kWh

Standing charge   38.16p per day

Tariff ends on   12 month fixed term

Price guaranteed until   12 month fixed term

Exit fees (if you leave this plan early)   £75.00 per fuel

Gas:

Unit rate   7.320p per kWh

Standing charge   29.09p per day

Tariff ends on   12 month fixed term

Price guaranteed until   12 month fixed term

Exit fees (if you leave this plan early)   £75.00 per fuel

Eon Next:

Electricity
Unit rate	30.88p per kWh
Standing charge	32.15p per day
Exit fees	£75.00
Gas
Unit rate	7.39p per kWh
Standing charge	23.08p per day
Exit fees	£75.00

Estimated Annual Usage for both:

Electricity	1,083 kWh
Gas	2,775 kWh

Which is better?

MWT

Depends if the estimated usage is correct or not?

Can you work out your actual use over the last year?

E.ON will be cheaper for your gas even if the estimate used is very badly wrong...

... but it is closer on the electricity, and if you actually used more than around 1,300kW over a year then So would be cheaper for electricity...

Emeraldos

I don't really know my Estimated Annual Usage for last year because I've only moved out of my parents' house in the last 4 months. However, to my logic, I think that going with SO Energy is better because it's cheaper in terms of unit rates so if I use more energy than I expect in the winter, it'll overall be cheaper with SO Energy.

What do you think about that reasoning?

MWT

As above, the answer depends on your use...

The difference in kWh cost is very small compared to the difference in daily standing charge, so you'd have to be using an average of around 86kWh of gas a day and 3.6kWh of electricity a day before SO would actually be cheaper.

Very unlikely you would ever be using that amount of gas given the current estimate, but you might get there on the electricity...

What do you use for heating, is that gas or electric? 

spot1034

Are you sure the So deal is still available? It sounds like the one which was withdrawn very quickly due to the sharp rise in wholesale rates.

Emeraldos

MWT said:

As above, the answer depends on your use...

The difference in kWh cost is very small compared to the difference in daily standing charge, so you'd have to be using an average of around 86kWh of gas a day and 3.6kWh of electricity a day before SO would actually be cheaper.

Very unlikely you would ever be using that amount of gas given the current estimate, but you might get there on the electricity...

What do you use for heating, is that gas or electric? 

I think they're electric.

Emeraldos

spot1034 said:

Are you sure the So deal is still available? It sounds like the one which was withdrawn very quickly due to the sharp rise in wholesale rates.

The SO deal is available because I originally signed up to switch to So Energy like 2 days ago but then Eon Next offered me this new Fixed Rate Tariff.

Emeraldos

Emeraldos said:

MWT said:

As above, the answer depends on your use...

The difference in kWh cost is very small compared to the difference in daily standing charge, so you'd have to be using an average of around 86kWh of gas a day and 3.6kWh of electricity a day before SO would actually be cheaper.

Very unlikely you would ever be using that amount of gas given the current estimate, but you might get there on the electricity...

What do you use for heating, is that gas or electric? 

I think they're electric.

Actually they are gas heaters.

bristolleedsfan

Eon Next no exit fee to change tariff only if change supplier - has been confirmed by them on other threads.

[Deleted User]

Hi,

here are calcs based on your estimated usage from Eon above, there may still be 5% vat to be added.

Not a lot of difference in cost, it will all depend on your usage, especially when you start using heating.

MWT

frugalmacdugal said:

... it will all depend on your usage, especially when you start using heating.

Fortunately the OP seems to be using gas heaters, they would have to use a huge amount more than the estimate before So would become cheaper than E.ON due to the much higher daily standing charge.