E on next tarriff advice

gerrard88

Hi all

just looking for some advice here

we are currently on a next fixed 12m v14

1180 is current annual cost

1165 is next tarrif we could change to but our current tarrif ends June

should we do the new one or stay?

molerat

If it is cheaper than your current tariff then switch - providing of course there is no penalty as some Eon tariffs did have a change tariff clause rather than change supplier.  What is your current unit rate and standing charge and the new rates and tariff name ?  For me it is showing v14 as dearer than the current cap !

Brie

is there a fee for changing things?  potentially having £75 to pay to change is more than potentially saving £15.

Swipe

Even if it says no exit fee unless changing supplier, you may still get charged by Eon and have to call up to get it removed. This has happened to a few others, including myself so keep an eye on your transactions list after you've switched.

gerrard88

Current tarrif

elect
unit rate.  23.28p per kwh
standing. 57.44p per day

gas
unit rare. 5.74 per kwh
standing. 29.60p


new tarrif

elec
unit rate. 23.97p
standing. 39.90p

gas
unut rate. 6.14p
standing. 31.74p

oldagetraveller1

I'm on that tariff until May '25. They did offer me another longer fix which they estimated would be a few £ cheaper. However, I didn't take them up because, although the unit rates are less, that daily charge "rip off" (my opinion, if that's allowed) is higher. Similar to your "new tariff" rates.

debitcardmayhem

Well those figures show your new tariff is clearly more expensive .

QrizB

debitcardmayhem said:

Well those figures show your new tariff is clearly more expensive .

The electricity standing charge is less, though, so a relatively low user might end up with a cheaper bill overall. Agree that it's likely to work out more expensive for a more typical user.

Northern_Wanderer

gerrard88 said:

Current tarrif

elect
unit rate.  23.28p per kwh (estimate 2000kWh = £465.60)
standing. 57.44p per day x 365 (£209.66)

TOTAL £675.26

gas
unit rare. 5.74 per kwh (estimate 12000 kWh = £688.80)
standing. 29.60p x 365 (£108.04)

TOTAL £796.84


new tarrif

elec
unit rate. 23.97p (estimate 2000kWh = £479.40)
standing. 39.90p x 365 (£145.64)

TOTAL £625.04

gas
unut rate. 6.14p (estimate 12000 kWh = £736.80)
standing. 31.74p x 365 (£115.85)

TOTAL £852.61

Do you know how to work out the costs for a tariff?

Multiply the daily standing charge by 365 to get annual cost.

Look at your bill to find annual use in kWh - muliply this figure by the unit rate.

Add those two figures together (ususlly the figures quoted include VAT), this is the annual cost

Do that for gas, do that for electric on each tariff you are interested in.

Then you can compare the annual cost and see which is cheaper. Remember to factor in exit fees.

Sometimes it's cheaper to be on different tarrifs for gas and electric, or be with different suppliers.

I have put in an estimate for your annual kWh, based on that, the new tarrif is cheaper for electric but more expensive for gas. You haven't said if the new tariff is fixed. There are some good fixed rates available just now, you have to compare them to what you have. Fixes will likely get more expensive in the coming months as the price cap is due to go up in Jan and possibly in April.

gerrard88

Yes new is a fixed 12 month

This is really helpful information. Thank you everyone