New Fix out from EON - Is it worth it?

RG2015

Chrysalis said:

Not worth it in my view, the standing charge would potentially be a lightly noticeable thing for light users, but the exit fee makes that so much not worth it.

The annual saving for me would need to be at least double any exit fee.

The E.ON Next exit fee is £75 per fuel. Assuming you have gas and electricity, double the exit fee is  £25 per month.

That is quite a high threshold in my opinion, particularly when there is no exit fee to return to their SVR.

Krakkkers

So if you can switch back to the svr at no cost then what is the risk?

[Deleted User]

Hi,

bristolleedsfan said:

frugalmacdugal said:

Hi,

JessS2804 said:

Now the EON app isnt great (it wont load again now I've been into it), but managed to get some screen shots of the new fixed tariff they are offering:

Current Next Flex:

Electric
Standing Charge - £49.60p
Unit Rate - £30.29p

Gas
Standing Charge - £29.11p
Unit Rate - £7.61p

Next Loyalty Fixed v4

Electric 
Standing Charge - £43.57p
Unit Rate - £29.98p

Gas
Standing Charge - £23.08p
Unit Rate - £7.48p
Fixed for 12 months
£75 per fuel exit feed
Smart Meter (already got)

Now, is it worth it at this point? Or is it worth waiting till the next price cap?

Thanks 

Jess

think you should wait, prices might come down a bit.

Cheaper than SVR with no exit fee to change tariffs within Eon Next, why wait ??????

the £43.57p standing charge for electricity is extortionate.

bristolleedsfan

frugalmacdugal said:

Hi,

bristolleedsfan said:

frugalmacdugal said:

Hi,

JessS2804 said:

Now the EON app isnt great (it wont load again now I've been into it), but managed to get some screen shots of the new fixed tariff they are offering:

Current Next Flex:

Electric
Standing Charge - £49.60p
Unit Rate - £30.29p

Gas
Standing Charge - £29.11p
Unit Rate - £7.61p

Next Loyalty Fixed v4

Electric 
Standing Charge - £43.57p
Unit Rate - £29.98p

Gas
Standing Charge - £23.08p
Unit Rate - £7.48p
Fixed for 12 months
£75 per fuel exit feed
Smart Meter (already got)

Now, is it worth it at this point? Or is it worth waiting till the next price cap?

Thanks 

Jess

think you should wait, prices might come down a bit.

Cheaper than SVR with no exit fee to change tariffs within Eon Next, why wait ??????

the £43.57p standing charge for electricity is extortionate.

Cheaper than  Current Next Flex: Electric   Standing Charge - £49.60p

JessS2804

Krakkkers said:

The EON fix i am being offered is cheaper than that.

I've only been a customer for 6 months, couldnt change it when I bought my house in Jan so I wonder if thats why? Bit rude though! lol

JessS2804

Chrysalis said:

Not worth it in my view, the standing charge would potentially be a lightly noticeable thing for light users, but the exit fee makes that so much not worth it.

The annual saving for me would need to be at least double any exit fee.

I'm a single individual in a fairly large house so my use is quite minimal anyway (ML has talked about standing charges for single occupants being the same as those with a full household and trying to change that I believe), so there isn't much I can really do to reduce my usage than what I've already done, its the huge standing charge that kills me. Last time I was on my own I remember it being significantly less, but decided to be a grown up and buy at the wrong time (facepalm)

Krakkkers

This is the fix EON are offering me.

Electricity	Gas
Daily standing charge	44.28p	23.08p
Unit rate	29.17p per kWh	7.25p per kWh

Krakkkers

Forecasts do not show any chance of lower prices to come anyway (in the next year).