To fix with Eon or not?

AnneGR

My fixed rate with EON ends soon and they are offering me  'Next Loyalty Fixed v4 rate (12 months fixed)'.  

The charges are:

Electric

Unit rate: 29.98p per kWh

standing charge 43.57p per day

Gas

Unit rate: 7.48p per kWh

Standing charge 23.08p per day

I believe costs are due to decrease soon - is anyone able to help me understand what they are roughly decreasing by and whether the above is a decent deal or not. 

Thank you!

Brie

I prefer a fixed deal to a variable one but the essential thing is whether there is a penalty for leaving before the end of the 12 months.  If not go ahead and fix and then switch once prices drop (assuming they do - I'm a bit of a cynic.....)

AnneGR

Thanks Brie. 
I've just checked and there is a penalty of £75 if I leave before the contract ends.   I prefer a fixed deal too as it allows me to budget properly every month.

bristolleedsfan

AnneGR said:

Thanks Brie. 
I've just checked and there is a penalty of £75 if I leave before the contract ends.   I prefer a fixed deal too as it allows me to budget properly every month.

Another related thread several have had it confirmed that Eon Next do not charge exit fees if change tariff within Eon Next.

https://forums.moneysavingexpert.com/discussion/comment/80126833/#Comment_80126833

Mstty

surely v5 will be cheaper