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E.on Next's Pledge tariff costs £50 less than the Energy Price Cap – should you switch?

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  • bristolleedsfan
    bristolleedsfan Posts: 12,308 Forumite
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    edited 25 September 2023 at 1:40PM
    _Jem_ said:
    _Jem_ said:
    I'm with Eon I'm wondering if I should go onto this tarrif. I'm currently on the NextFlex tarrif.
    Anyone on Next Flex tariff would save by changing to pledge tariff, how much is saved depends on usage, v2 has £25 per fuel exit fees whereas v1 did not have exit fees.
    Cheers is it best to wait for October 1st or change tarrif now?
    They may possibly withdraw and not replace that tariff if proves more popular than they want to fund below energy cap, no advantage waiting and no disadvantage not to wait, someone said  earlier in this thread exit fees only apply if change supplier,
  • I'm a little suspicious about the EON Next Pledge tariff, as all their tariff's specifically say that discount is applied if you pay by DD, however the 'Next Pledge Tracker 12m V2' does not state this! Can anyone confirm that they have changed to this new tarrif and still receive the discount for paying by Direct Debit?


  • RG2015
    RG2015 Posts: 5,951 Forumite
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    DAD08 said:
    I'm a little suspicious about the EON Next Pledge tariff, as all their tariff's specifically say that discount is applied if you pay by DD, however the 'Next Pledge Tracker 12m V2' does not state this! Can anyone confirm that they have changed to this new tarrif and still receive the discount for paying by Direct Debit?


    My email after signing up has the following statement. There is no mention of any discount.

    Next Pledge Tracker 12m V2.

    This tariff comes with 100% renewable electricity and guarantees your prices will always be £50 a year lower than Ofgem's price cap (for an average dual fuel customer). You'll see the £50 saving as reduced unit rates split across electricity and gas (£25 saving per fuel). We'll automatically update your prices every 3 months in line with the price cap and give you 2 weeks notice of any price change. If the government's energy price guarantee returns we'll move you to our standard variable tariff - please contact us if you want to stay on Next Pledge. You'll need to pay by monthly Direct Debit and manage your account online. You also agree to have a smart meter installed where eligible. An exit fee of £25 per fuel will be applied if you change supplier before your tariff ends.
  • Hi - I'm a newbie here so please be gentle. Having watched the show this week I decided to switch from a standard variable Flex Next tariff to the Next Pledge tariff. Big mistake! On switching it took my monthly DD payments up to just under £400 from under £200 before the switch. When I tried changing my payment plan it suggested I should be paying £626 a month! So I ended up calling E.On who basically fobbed me off saying that's what the system has calculated for me and that they can't adjust anything. They then cancelled the Next Pledge tariff and put me back on the standard variable tariff and told me to call back next week to speak to a specialist. So far I've wasted a couple of house getting absolutely nowhere. I'm sure I will be able to sort it out next week but just be warned.
  • MeteredOut
    MeteredOut Posts: 2,102 Forumite
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    Have you confirmed that when you were on the £200 DD, it was enough to cover your annual usage. Do you have a smart meter or submit regular readings. Have you looked at your actual annual usage (jn kWh) and calculated whether the £200 or £400 (or somewhere in between) is correct to cover things?
  • Hi.  I'm still confused about the size of the saving.  Does anyone know if it is a fixed £50 per year (£25 gas / £25 electricity) or is it approximately 3% against the capped rates. The eon person I just spoke to insisted it's £50 regardless of how much energy I use. 
  • bristolleedsfan
    bristolleedsfan Posts: 12,308 Forumite
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    edited 19 December 2023 at 11:06AM
    Hi.  I'm still confused about the size of the saving.  Does anyone know if it is a fixed £50 per year (£25 gas / £25 electricity) or is it approximately 3% against the capped rates. The eon person I just spoke to insisted it's £50 regardless of how much energy I use. 
    Saving is £50 per year dual fuel based on typical average use.(It is based on how much is used)

    Someone switching to them can get £50 credit if switch via friend referral link which for lower than average users is worth more than tariff saving itself over 12 months and for typical average users doubles tariff saving over 12 months.
  • QrizB
    QrizB Posts: 13,830 Forumite
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    It's a variable % depending on your energy use. The EON person was going off-script.
    N. Hampshire, he/him. Octopus Intelligent Go elec & Tracker gas / Shell (now TT) BB / Lebara mobi. Ripple Kirk Hill member.
    2.72kWp PV facing SSW installed Jan 2012. 11 x 247w panels, 3.6kw inverter. 32MWh generated, long-term average 2.6 Os.
    Taking a break, hope to be back eventually.
    Ofgem cap table, Ofgem cap explainer. Economy 7 cap explainer. Gas vs E7 vs peak elec heating costs.
  • Thanks.  So if I consume double the "ofgem typical electricity" and double the "ofgem typical  gas" usage, I'd get a discount of around £100?
  • QrizB
    QrizB Posts: 13,830 Forumite
    10,000 Posts Third Anniversary Photogenic Name Dropper
    edited 19 December 2023 at 11:47AM
    Thanks.  So if I consume double the "ofgem typical electricity" and double the "ofgem typical  gas" usage, I'd get a discount of around £100?
    That depends on how much of the discount is on the unit price, and how much is on the standing charge, since you'll still only be paying one standing charge!
    It's pretty straightforward to calculate the saving if you know the two tariffs and your consumption.

    N. Hampshire, he/him. Octopus Intelligent Go elec & Tracker gas / Shell (now TT) BB / Lebara mobi. Ripple Kirk Hill member.
    2.72kWp PV facing SSW installed Jan 2012. 11 x 247w panels, 3.6kw inverter. 32MWh generated, long-term average 2.6 Os.
    Taking a break, hope to be back eventually.
    Ofgem cap table, Ofgem cap explainer. Economy 7 cap explainer. Gas vs E7 vs peak elec heating costs.
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