e-on Next Tariff Which One?

lknights1987

I am able to change to a new tariff but I am a bit confused with which one to go on.

Which one do you advise to go on?

Next Pledge Tracker 12m V2

Electricity	Gas
Daily standing charge	43.66p	29.11p
Unit rate	27.00p per kWh	6.57p per kWh
Assumed annual usage	2,193kWh	8,852kWh
Estimated annual cost	£751.72	£687.54

 

Next Flex

	Electricity	Gas
Daily standing charge	43.66p	29.11p
Unit rate	27.93p per kWh	6.78p per kWh
Assumed annual usage	2,193kWh	8,852kWh
Estimated annual cost	£772.04	£706.78

Next Fixed 12m v3

Electricity	Gas
Daily standing charge	43.66p	29.11p
Unit rate	29.02p per kWh	7.04p per kWh
Assumed annual usage	2,193kWh	8,852kWh
Estimated annual cost	£796.01	£729.46

MultiFuelBurner

It's down to your appetite and budget for price changes. No one can really tell you either way.

Whilst the tracker may seem nice now what happens if prices rise in January with the price cap.

Scot_39

One is fixed.

One tracks Ofgem - iirc £25 per fuel at cap /Ofgem tdcv levels, below cap.   So if this version same, will always be cheaper than flexi the default svt.

So when Ofgem cap as forecast buy CI rises in Q1 and falls Q2 it will too.

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


Ps that sets from late sep pre Isreal they might update again soon. 

One is old style  fixed - Ofgem changes no longer matter for year.

The fix will be based in part on their guesstimates of average prices over the year. Not just current quarter cap.

Study the detail and choose based on your own risk outlook..

lknights1987

Scot_39 said:

One is fixed.

One tracks Ofgem - iirc £25 per fuel at cap /Ofgem tdcv levels, below cap.   So if this version same, will always be cheaper than flexi the default svt.

So when Ofgem cap as forecast buy CI rises in Q1 and falls Q2 it will too.

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


Ps that sets from late sep pre Isreal they might update again soon. 

One is old style  fixed - Ofgem changes no longer matter for year.

The fix will be based in part on their guesstimates of average prices over the year. Not just current quarter cap.

Study the detail and choose based on your own risk outlook..

Which one would you choose right now?

QrizB

lknights1987 said:

Which one would you choose right now?

The Pledge Tracker will always be cheaper than the SVT, so it comes down to a choice between the Tracker or the fix.

The tracker will be cheaper than the fix until the end of December. We don't yet know what it will cost after that.

RG2015

lknights1987 said:

Scot_39 said:

One is fixed.

One tracks Ofgem - iirc £25 per fuel at cap /Ofgem tdcv levels, below cap.   So if this version same, will always be cheaper than flexi the default svt.

So when Ofgem cap as forecast buy CI rises in Q1 and falls Q2 it will too.

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


Ps that sets from late sep pre Isreal they might update again soon. 

One is old style  fixed - Ofgem changes no longer matter for year.

The fix will be based in part on their guesstimates of average prices over the year. Not just current quarter cap.

Study the detail and choose based on your own risk outlook..

Which one would you choose right now?

On 02/10/23, I switched from a one year E.ON Next fix due to end on 22/06/24 to the tracker.

I only have electricity and my rates are as follow.

Fix - standing charge 44.28, unit rate 29.17
Tracker - standing charge 50.31, unit rate 25.83

The saving on usage is greater than the higher annual standing charge.

If the rates go up in Jan, Apr or Jul, I can always switch again if E.ON Next have a better tariff.