EON reducing daytime tariff on July 1st but not the night time tariff

Yisthisneeded

EOn have informed me of the new July Tariffs and I welcome the reduction in the daytime tariff but am surprised they have kept the night time tariff at the same value.

This seems a bit unfair.

Hoenir

Why's it unfair? Generation is more expensive in the night time. With zero solar feed. 

Qyburn

How does the overall tariff compare to other suppliers?  Might be time to change.

MP1995

Hoenir said:

Why's it unfair? Generation is more expensive in the night time. With zero solar feed. 

Is it? is that factual that generation is more expensive at night?

Scot_39

Many  people will use less night units on E7 in summer - as wont be charging heating systems like NSH or similar (heat stores for wet electric rads, aga ovens etc)

It might be better for them the savings are loaded into day rate - for now.

People using it to charge home batteries or EVs - clearly will be less keen.

But begs the question what happens when they raise the forecast £190+ from CI end of May estimate - come Oct

Remember Ofgem only set the total - not the individual day and night rates - suppliers have freedom to change the peak / off-peak balance to stay within the total cap.

The average profile class 2 price cap is based on only 42% off peak (the assumption for E7) - but in summer that could drop to half that or below for many users.

Swipe

Anyone got a link to their 1st July E7 prices? I can only find the 1st April prices

Spoonie_Turtle

Scot_39 said:

Remember Ofgem only set the total - not the individual day and night rates - suppliers have freedom to change the peak / off-peak balance to stay within the total cap.

And this has often meant - in the past few years, at least - that if the day rate goes down, the night rate goes up.

Scot_39

Any impact of the supplier modifying it's see saw balancing has in recent past for me on E10 not E7 with EOn - and so may have for E7 - been outweighed in change terms - by the change in the average price cap for multirate.

At least it has on my E10 with EOn.  

So for me both rates have gone up or both have come down.

Ignoring the big disturbances caused by EPG discounts - on what we paid - taking changes from post EPG July 23 pricing - E10 EM DD

Oct 23 -3.5p/kWh pk, -1.6p/kWh off pk   - both down

Jan 24 +0.8p, +1.8p = both up

Apr 24 -4.7, -4.4  = both down

Update now EOn Next updated online account

Jul 24 -3.83, -0.88p = both down

 

As you can see - at least on E10 - theres been little in the way of a trend in the balance of absolute changes - but they have been the same sign last three changes.

But there have been others - where big changes in see saw balance dominated the underlying price change - despite the cap change - like when EDF abondoned it's last sub c10p off peak rate in EM - in Jan ? - it's off peak went up by c7p or was it c70% iirc and the peak rate dropped.

I used to try and precalculate the rates from the raw Ofgem cap - but the see-saw / balance shifted significantly a couple of times - not just with EPG. I probably should try to reawaken / update my spreadsheets I used to use to track breakeven vs SR etc - and balance vs MR cap average - but EPG disruption made the numbers a struggle - so stopped updating after even bigger discounting in Jan 23 cap.