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

ruxton28
ruxton28 Posts: 20
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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?

Comments

  • Swipe
    Swipe Posts: 4,987
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    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
    Slinky Posts: 9,767
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    £300 to exit....... no way would I touch that with a barge pole.
    Make £2024 in 2024
    Prolific to 31/1/24 £100.32, Chase Interest £6.38, Chase roundup interest £0.07, Chase CB £5.01, Roadkill £1.08, Octopus referral reward £50, Octopoints £6.30
    Total £169.16/£2024  8.35%

    Make £2023 in 2023
    Water sewerage refund: £170.62,Topcashback: £243.47, Prolific: to 31/12/23 £975, Haggling: £45, Wombling(Roadkill): £6.04,  Chase CB £149.34, Chase roundup interest £1.35, WeBuyBooks:£8.37, Misc sales: £406.59, Delay repay £22, Amazon refund £3.41, EDF Smart Meter incentive £100, Santander Edge Cashback-Fees: £25.14, Octopus Reward £50, Bank transfer incentives £400
    Total: £2606.33/£2023  128.8%

  • QrizB
    QrizB Posts: 13,624
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    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.

    N. Hampshire, he/him. Octopus Go elec & Tracker gas / Shell BB / Lyca mobi. Ripple Kirk Hill member.
    2.72kWp PV facing SSW installed Jan 2012. 11 x 247w panels, 3.6kw inverter. 30MWh generated, long-term average 2.6 Os.
    Ofgem cap table, Ofgem cap explainer. Economy 7 cap explainer. Gas vs E7 vs peak elec heating costs.
  • ctdctd
    ctdctd Posts: 1,075
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    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? B)
    Do Money Saving sites make you buy more bargains - and spend more money?
  • diyobi
    diyobi Posts: 14
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    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? B)
    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
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