EON Price Protecion Rate

Ziggy_Stardust

TIGs wrote: »

Just looked on Eon site, i'm with them now, its doesn't seem too much of a difference if i swaped to a fixed rate thingy, maybe a few pence,

What happens if energy prices go down??? i know the chances of that happening are very slim but does it go down on your fixed rate too or does it stay the same till October 2009?

Sorry if i'm being thick

I *think* there is a rate there that is fixed but you can cancel without penalty.

dellxps

E.ON currently don't have a fixed rate tariff on the market. If the standard prices go down the price protection prices may also go down.

TIGs

dellxps wrote: »

E.ON currently don't have a fixed rate tariff on the market. If the standard prices go down the price protection prices may also go down.

Ok so being thick again what does the price protection do??? just stop it from rising??

dellxps

TIGs wrote: »

Ok so being thick again what does the price protection do??? just stop it from rising??

Price Protection is a capped tariff. That means that your unit prices won't rise about the unit prices you sign up. They can go below that rate, and then go back to your capped rate.

For example, if you're on price protection, and the prices go up in november, you won't be affected. If they then go down in february your prices might go down, then in the prices go up again they might rise to your capped rate again.

With a fixed rate the unit prices don't go up or down whether the prices go up or not.

mute_posting

dellxps wrote: »

For example, if you're on price protection, and the prices go up in november, you won't be affected. If they then go down in february your prices might go down, then in the prices go up again they might rise to your capped rate again.

With a fixed rate the unit prices don't go up or down whether the prices go up or not.

Out of interest, has anyones prices ever gone down on a price protection tarrif? Or do suppliers just choose not to pass the reductions on to people on these tarrifs?

Gambler

mute_posting wrote: »

Out of interest, has anyones prices ever gone down on a price protection tarrif? Or do suppliers just choose not to pass the reductions on to people on these tarrifs?

when was the last time prices went down :mad:

dellxps

Quote:
Originally Posted by mute_posting
Out of interest, has anyones prices ever gone down on a price protection tarrif? Or do suppliers just choose not to pass the reductions on to people on these tarrifs?

when was the last time prices went down :mad:

On one of E.on's older price protection tariffs when the prices went down last april the price protection prices also went down. When they rose in february the prices simply went up to the capped level.

I doubt there'll be a price drop in the near future though, probably a huge hike.

Ziggy_Stardust

Well looking at E.on the quote they have given me is less than the un-capped prices I'm paying at Southern Electric. I think I'll go for the capped at least I know what I will paying for the next year or so.

Firefly

It's sooooo complicated to work out when you're on Economy 7 tarrifs. You've got day rates / night rates / the first 500 or 900 units, depending on which tarrif you choose, etc all are different prices for each part of the unit. However are you supposed to work out which is best?

I know how much my direct debit is, but don't know how many day and night units I use. (night units always more than day).

If I phone E-on would they tell me which of their tarrifs would suit me best? I feel I ought to change as I can't afford a higher bill than I have at present (£110 - electricity only, no gas in the road. Storage heaters). Time for a change as per Martin's advice me thinks.

mute_posting

Firefly wrote: »

It's sooooo complicated to work out when you're on Economy 7 tarrifs. You've got day rates / night rates / the first 500 or 900 units, depending on which tarrif you choose, etc all are different prices for each part of the unit. However are you supposed to work out which is best?

I know how much my direct debit is, but don't know how many day and night units I use. (night units always more than day).

If I phone E-on would they tell me which of their tarrifs would suit me best? I feel I ought to change as I can't afford a higher bill than I have at present (£110 - electricity only, no gas in the road. Storage heaters). Time for a change as per Martin's advice me thinks.

If you post your area, and how many day and night units you have used over the last 12 months, sombody can probably help you work it out.

MP