[meldrewreborn]

@Indyk_EONNext

No I'm even more fine than I was!!

[meldrewreborn]

Originally Posted by Indyk_EONNext

I am glad to see you have been able to view the full tariff information @meldrewreborn

Was there anything else I can assist you with? 😊

Well as it happens yes.

Tried to change my gas only to to the 24 month fix and apparently one can't have two different tariffs for the two fuels any longer. Was your energy expert (Claudia) correct?

Just as an aside whereas fixed contracts were in past 6 months very much cheaper than the price cap rates, that is no longer the case - and the 12 month fix is higher than July-Aug price cap. That to me is a sure signal that rates are going to increase. The price cap data capture period for October to December is open now and due to uncertainty in the wholesale energy markets prices are high.

[geoffers]

Originally Posted by meldrewreborn

...apparently one can't have two different tariffs for the two fuels any longer. .

🤓 Will be interesting to see how they unscramble mine, since leccy is fixed until Dec '25 and gas is fixed until Aug '26 😃

[Indyk_EONNext]

No problem, I will pop you a dm so I can take a look at your account 😊 @meldrewreborn

It was something we did offer, however it may depend on your current tariff or the tariff you are selecting. But let me take a look. 💜

[meldrewreborn]

@geoffers

Presumably if the first fix expires they'd have to put it onto Flex, if you wanted to keep the gas, otherwise you change both at the same time. Its disappointing that they adopt policies that disadvantage the customer, for comparatively little gain. I may be giving them too much credit by thinking its a deliberate policy - its probably something they've not even thought about.

[geoffers]

Originally Posted by meldrewreborn

@geoffers Presumably if the first fix expires they'd have to put it onto Flex....

I wonder - maybe they're actually treated as 2 separate contracts, since some people seem/claim to have different suppliers for ele & gas.

Time will tell....

[meldrewreborn]

@geoffers

I used to have separate suppliers - in 2019 Symbio for electricity and Zog for gas. When both went bust (Zog was a good company but their supplier went bust causing their downfall) . So the electricity went to Eon Next and gas to EDF. And then a deal provided the opportunity to get both fuels with one supplier - but I didn't want dual fuel. I place a value on being able to leave contracts with no exit charge with Eon Next, but may have to move electricity to another company (its easier to switch electricity because there are many electricity only households) so i can move the gas where I wish.

[wizzo227]

At risk of getting boo humbug for saying it, I think that a price fix is really really bad for the renewable electricity network which we all should commit to adapt to. A price fix, especially a low price backed by borrowed money, competes against your home insulation improvements in time for next winter. A price fix obliges the gas burner power stations and fossil fueled imports to react to rising demand when the cold weather hits next winter. Shouldn't we instead be asking for more price flexibility; to get really cheap electricity at times when the sun is shining or there is a surplus of local wind ? That is necessarily only at times, but since doing that imports no gas at all, should result in a lower bill on average over the whole of the year. To give money to price fixers is to guarantee that electricity will always be quite expensive. I prefer renewables for free.

[geoffers]

@wizzo227 - true, but elec & gas are slightly different (no renewables where gas is concerned)

So the ability to fix your gas effectively hedges against potential future price rises (particularly with world geopolitics at the moment), in the same way as you can do with any other commodities, or even currency exchange (forward contract fix).

Here both you and the FX company are taking some risk: either party will do better/worse depending on which way the rate moves but at least the customer has certainty of the rate which was agreed

[WizzyWigg]

@meldrewreborn @geoffers
Food for thought???? 🤔

I appreciate this is for renewals within 45/49 days and renewing online.