EON Fix or Leave if been granted insulation through EON .

sidneyyoungblood

I’m looking for a fixed energy tariff for my mother, who is currently on a standard EON contract.

The cheapest fixed tariff available from another supplier would save her £100 compared to what she’s currently paying. However, the best fixed deal from EON is £34 more (about 3% higher) over the next 16 months.

The concern is that my mother applied for external wall insulation (EWI) through EON’s Great Insulation Scheme. The £10,000 grant has been approved, but the installation has not yet started.

Does she need to stay with EON, or can she switch to another supplier without affecting the grant?

 ..

Largs

It's not something I would risk personally for sake of £100 saving on a fuel bill.  These government schemes can be closed at short notice sometimes I think. 

Plus EON will be her point of contact until the works are done I guess so I would rather be their customer until completion. 

Other people may be along soon with a different opinion but that's mine. Hopefully she will enjoy bigger savings with her grant too.

Scot_39

Do they still do their tracker at £25 per fuel below cap - as a potential compromise - to stay put ?

But its £25 on rates at the Ofgem TDCV - so not £25 for everyone - if I read the notes here correctly

https://www.eonnext.com/tariffs/next-pledge

I guess use more than cap - they might have a way of capping the £25 in the detailed T&Cs too.

sidneyyoungblood

Scot_39 said:

Do they still do their tracker at £25 per fuel below cap - as a potential compromise - to stay put ?

But its £25 on rates at the Ofgem TDCV - so not £25 for everyone - if I read the notes here correctly

https://www.eonnext.com/tariffs/next-pledge

I guess use more than cap - they might have a way of capping the £25 in the detailed T&Cs too.

 Hi , the   cheapest EON tracker is , would this be a better option than the fix ?

E.ON Next

Next Pledge Tracker 12m V7

3 Customer Service

Go to site

Warning: This is a variable tariff that tracks the Price Cap, so when the Cap changes, so will this tariff. It will remain 3% lower than the Price Cap, on average, through a discount on the unit rates, while the standing charges stay at the same level as the Price Cap.

Estimated cost

£106/mth

£1,273/yr

Tariff type

Variablefor 12 months

Savings

£35/yr (-3%)

Early exit fee

£0

Cashback

£0

Scot_39

Pledge was arguably simply a way of delaying fix decision - a way of saving a little without committing to a fix.

You could think about riding it for a few months whilst work completed - but for sub £3/month either way - its not a great saving - then look again - cheaper suppliers may still be making similar offers.

And if the insulation provided works - the ££s savings between deals on fewer units likely to be even less.

The pledge has the advantage of being exit fee free - but the savings could be wiped out in just the April forecast rise released today by CI.

https://www.cornwall-insight.com/predictions-and-insights-into-the-default-tariff-cap/

Up £85 at TDCV (possibly even £20 or so more they say in detail ) - maybe £60-5 at your lower usage judging by sub £1300 estimate on pledge - and with only £34 savings to offset the £60-65 - you'd by up a similar mount to the fix anyway - in 6 weeks time - at least for first 3 months.

But who knows where the future lies beyond that.

MSE are looking at moderately flat SVT until 2026 - but its all crystal ball.

https://www.moneysavingexpert.com/utilities/are-there-any-cheap-fixed-energy-deals-currently-worth-it/

But stability like that is a brave call - as the SC review is still ongoing, Trump is only just in power - and even Ukraine peace talks (if get real and quickly ) might have big impacts over next 16 monhts.

I used to sign my parents up to fixes when took over under POA as were retired on fixed incomes - just for the certainty - in far more stable times.  Sometimes they lost a bit - sometimes they gianed - but all without the worry of a sudden step.

Only you can decide if the fix is a better deal for your circumstances.

sidneyyoungblood

Scot_39 said:

Pledge was arguably simply a way of delaying fix decision - a way of saving a little without committing to a fix.

You could think about riding it for a few months whilst work completed - but for sub £3/month either way - its not a great saving - then look again - cheaper suppliers may still be making similar offers.

And if the insulation provided works - the ££s savings between deals on fewer units likely to be even less.

The pledge has the advantage of being exit fee free - but the savings could be wiped out in just the April forecast rise released today by CI.

https://www.cornwall-insight.com/predictions-and-insights-into-the-default-tariff-cap/

Up £85 at TDCV (possibly even £20 or so more they say in detail ) - maybe £60-5 at your lower usage judging by sub £1300 estimate on pledge - and with only £34 savings to offset the £60-65 - you'd by up a similar mount to the fix anyway - in 6 weeks time - at least for first 3 months.

But who knows where the future lies beyond that.

MSE are looking at moderately flat SVT until 2026 - but its all crystal ball.

https://www.moneysavingexpert.com/utilities/are-there-any-cheap-fixed-energy-deals-currently-worth-it/

But stability like that is a brave call - as the SC review is still ongoing, Trump is only just in power - and even Ukraine peace talks (if get real and quickly ) might have big impacts over next 16 monhts.

I used to sign my parents up to fixes when took over under POA as were retired on fixed incomes - just for the certainty - in far more stable times.  Sometimes they lost a bit - sometimes they gianed - but all without the worry of a sudden step.

Only you can decide if the fix is a better deal for your circumstances.

Ended up signing up yesterday to EON 16months .. they said I could switch contracts within EON in those months without incurring a fee .. Issue is the installer of EWI is now saying that they are having issues with the funding even thought it was granted .Thanks for all the advice