EON Next pledge tracker v3 or Next secure fixed 24m v1?

ruxton28

I'm currently on an EON next tariff next 2yrv11 ending on March 26th. EON are suggesting I move onto next secure fixed 24m v1 which has an exit fee of £150/fuel.

My estimated usage is 2509 kwh for electricity and 18906 kwh for gas

My annual usage is calculated as £2061.26.

I WAS going to be joining Martin's suggested tarrif pledge tracker which has £25 exit fee per fuel. The total charge is £2402.16  which is £341 cheaper than the Pledge tracker.

Is the Pledge tracker not so much a good idea now?

Swipe

The pledge tracker is using current prices for its calculation. It's predicted there may be a 16% reduction 1st April and another 10% on 1st July so factor that into your pledge and recalculate. Personally, I wouldn't do anything rash until the 1st April price cap figures are out.

Slinky

£300 to exit....... no way would I touch that with a barge pole.

QrizB

The purpose of fixed tariff - particularly a long fix, like the 24 month one - isn't to save  you money. It's to give you confidence that your bills won't rise during the period.

If you can handle the risk that prices might rise, a variable tariff is likely to cost less. But of course that isn't guaranteed.

ctdctd

I signed up for the Secure 24M V1 tariff.

If prices over the next 24M are less than 85% as of now, I'll loose out.

If prices are more than 85% of now, I'll win.

I'll be winning 'till the new April price cap, then probably neutral up to the next one, after that who really knows?

diyobi

ctdctd said:

I signed up for the Secure 24M V1 tariff.

If prices over the next 24M are less than 85% as of now, I'll loose out.

If prices are more than 85% of now, I'll win.

I'll be winning 'till the new April price cap, then probably neutral up to the next one, after that who really knows?

Mate, just noticed:-

I've just relogged back in and been offered the same too:-

Next Secure Fixed 24m v1

Electricity Daily standing charge 51.79p, Unit Rate 23.37p per kWh, Annual Usage 4,106kWh, Estimate annual cost £1148.51

Gas Daily standing charge 29.60p, Unit Rate 6.23p per kWh, Annual Usage 2,384Wh, Estimate annual cost £256.57

Total £1405.08

Even if prices dropped later in Q3 to Elec 21p and Gas 5, it's not that bad and piece of mind for 2 years