Worth switching now or after 1st July?

  • carsey1990's Avatar
    Level 1
    Hi all

    Currently on the E.ON Next Fixed 18m v10 (18mnth fix) tariff and have 1year left on it. The current rates are at the bottom of this post. I had a look on the energy account dashboard and can see that there is a cheaper tariff available which is the Nest Fixed 12m v62.

    Current usage is around 160kWh on the electric each month and 100kWh on the gas ON AVERAGE across the 6months ive been moved in so far. Obviously summer months a LOT less vs the winter months.

    Even on the standing charges for both fuels I would be saving £41 in standing charges alone.

    Big question is should I wait until 1st July for a fix or change now?




    Elec:
    Unit rate 22.53p per kWh
    Standing charges 65.42p per day / £238.73 per year

    Gas:
    Unit rate 6.06p per kWh
    Standing charges 31.73p per day / £115.81 per year


    New tariff to consider:
    Next Fixed 12m v62

    Elec:
    Unit rate 22.48p per kWh
    Standing charges 55.97p per day / £204.29 per year

    Gas:
    Unit rate 5.96p per kWh
    Standing charges 29.90p per day / £109.14 per year
  • 9 Replies

  • Best Answer

    meldrewreborn's Avatar
    Level 92
    Best Answer
    @carsey1990

    you need to check what the terms were on your current contract. You can always enquire of Customer Services to ascertain the position, but as far as I'm aware most tariff swap are penalty free IF you stay with Eon Next. It serves to keep customers.

    Fixed price tariffs are not linked to price cap changes, but more to forward pricing on international energy markets. Given recent events in the Middle East, I doubt that lower fix price offerings are imminent, more likely that new higher priced offering will emerge.
    Last edited by meldrewreborn; 2 Days Ago at 11:49.
    Current Eon Next customer, ex EDF, Zog and Symbio. Don't think dual fuel saves money and think the smart meter programme is a waste of our money. Chronologically Gifted. If I offend let me know by private message, but I’ll continue to express my opinions nonetheless.
  • geoffers's Avatar
    Level 49
    @carsey1990 - if there's no charge for changing tariff internally there's no reason not to change straight away.

    One thing to be aware of if you leave it is that that tariff may no longer be available in July: there could be better or worse ones available then, so I guess it's your call

    Also worth considering is you can select separate tariffs for gas and electricity - I've done this on Next Drive, but it does require arranging over the phone
    Last edited by geoffers; 2 Days Ago at 10:15.
  • meldrewreborn's Avatar
    Level 92
    @carsey1990.

    so long as your tariffs are penalty free if you stay with Eon Next, you can change as often as you like.

    also note that when changing tariffs you don’t have to take both fuels from the offer, you can have gas on tariff A, and electricity on Tariff B - although you’ll have to phone up to do it.
  • carsey1990's Avatar
    Level 1
    Thanks for the replies so far.

    I guess that if I switched again to Eon, say further in the year, for example August, then that would be penalty fee free given it was a swap to Eon?

    I was sure that the plan I signed up for in December 24 had a £50 fee per fuel as early exit charges.


    The current tariff runs out on 18th June 2026 so would be the same fixed tariff end date if I dropped onto the newer 12month tariff of the cheaper plan.

    Of course, I guess it is all crystal ball stuff as to whether its worth doing now or in July.

    Does anyone know if the current plans have been reflected in the upcoming price cap changes on 1st July?
  • carsey1990's Avatar
    Level 1
    You are correct. Eon confirmed that if you switch tariff whilst remaining with them then there is no penalty for switching.

    switched to the cheaper deal and will keep a eye out for future cheaper plans.

    got to give credit to eon, its a absolutely brilliant idea and it shows that they are looking after customers rather than them moving to another provider!
  • Indyk_EONNext's Avatar
    Community Team
    Hey @carsey1990

    How are you?

    Welcome to our Eon Next Community 😊

    Thank you to our lovely Hems @meldrewreborn and @geoffers for stepping in here and supporting you! I would say if there's anything you want to confirm when switching tariffs then please do contact our customer services team. You can find ways to contact us here 👉How to contact E.ON Next
    The Future of energy is Renewable 🍃 So let's work this out together! ✨

    Exciting news!! Why not help us trial our brand new Next Drive Smart EV tariff 🚗 Find out more here 👉 Next Drive Smart EV tariff trial!

    Find all the ways to get in touch with E.ON Next ✨ Here
  • carsey1990's Avatar
    Level 1
    Just a quick question on the standing charges for the Next Fixed 12m v62 tariff. The tariff fees are as below:

    Elec:
    Unit rate 22.48p per kWh
    Standing charges 55.97p per day

    Gas:
    Unit rate 5.96p per kWh
    Standing charges 29.90p per day


    Just had a look on the Ofgem website for what the cap will be come 1st July, and noticed that the electric standing charge on the current plan above is higher than the cap for 1st April to 30th June.

    Electricity and gas unit prices and standing charges, 1 July to 30 September 2025

    Energy price cap per unit and standing charge
    1 April to 30 June 2025
    Energy price cap per unit and standing charge
    1 July to 30 September 2025
    Electricity
    27.03 pence per kWh53.80 pence daily standing charge
    25.73 pence per kWh51.37 pence daily standing charge
    Gas
    6.99 pence per kWh32.67 pence daily standing charge
    6.33 pence per kWh29.82 pence daily standing charge

    https://www.ofgem.gov.uk/information...ergy-price-cap


    Anyone know why the standing electric charge is higher than the cap?
  • WizzyWigg's Avatar
    Level 91
    Evening @carsey1990 Standing Charges are a bone of contention. Ofgem does not set the standing charge directly. It is set by suppliers and varies from region.
    The cap is designed to help those on Standard Variable Tariffs. Fixed tariffs will generally have a lower KWh unit price. One has to look at the overall package for each product and see if it fits ones usage.
    Last edited by WizzyWigg; 12 Hours Ago at 19:08.
  • meldrewreborn's Avatar
    Level 92
    @carsey1990

    further to the response from @WizzyWigg, the price caps from OFGEM apply only to variable price tariffs Supplier can reduce (but not increase) the standing charges and can vary the unit prices up or down provided they do not exceed costs at a certain level of consumption. In practice variable prices will be at or very close to the price cap rates.

    But fixed rate tariffs are not impacted by the price caps at all. Some tariffs will suit low users , others heavy users. Some will support people who are able to use energy at night, or who own certain products, like solar panel, or EVs or battery systems. So it’s up to individuals to identify the best tariffs for each fuel that they consume, and that might mean offer A is better far gas, and offer B is better for electricity and you can mix and match.