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E.on next change tariff - cheaper or no exit fee?

Hi,

I signed up to E.on next Next Loyalty Fixed v4 a while back but now with the announcement I need to change the tariff (there are no exit free, at least to switch to a different e.on tariff). 

I can fix for 24 or 12 months but there is an exit fee (£75 or £150 per fuel) which e.on say is a £10 saving per month. 

Or I can change to a very slightly cheaper tariff (£2 pm) which is fixed but no exit fees. 

What is everyone else thinking?  Is the cap going to reduce further? 

Thanks 

Comments

  • diyobi
    diyobi Posts: 15 Forumite
    Part of the Furniture 10 Posts Name Dropper Combo Breaker
    In the same position and the next v4 is almost on par with next flex.

    Here's what we are doing, stay on v4, ours expires 01/07/2024.  Wait till 01/04/2024 and see what deals are available on Eon or a few days after.

    Remember cap is also going down in October too so factor this in and then we will decide.

    Hope that helps.

    Almost considered 

    Next Fixed 12m v9 No Exit Fees 

    Today too but with the saving of a £5 for a month, not really worth it.
  • ctsoton
    ctsoton Posts: 23 Forumite
    Fifth Anniversary 10 Posts
    there is no exit fee if you switch to another EON tariff
  • i switched to their price pledge thing back in December. They will charge you the £75 exit fee per utility, but it will be refunded within a couple of days, so don't worry when you see you balance is lower than you expect. 
  • It reads that there is an exit fee if you switch products so I will have to contact them and check 
  • I was told that the exit fee applied when switching products too.
  • Swipe
    Swipe Posts: 5,547 Forumite
    Part of the Furniture 1,000 Posts Photogenic Name Dropper
    ctsoton said:
    there is no exit fee if you switch to another EON tariff
    That depends on the tariff. Always best to check with them first.
  • I messaged them (on WhatsApp) and was told ‘The early exit fee applies if you're changing supplier no fees if you're changing tariff within E.ON Next.’  So I have screenshot that message just encase and changed. 

    Might be worth doing them same if you would like to change tariff too 
  • Please all consider when you look at new deals and they say £2 or £5 cheaper per month that they actually refer to your actual energy usage and not estimates. 

    So many people do not know their actual kWh usage and that is the key when considering deals and what is happening with the price cap and kWh prices.
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