I have been told, like many others, that my energy bills will be increasing come April. I have logged into my account and the offers are "Next Flex" which is variable and will cost me at the moment £160 per month and "Next Online V12" which is £184 per month and fixed for one year with no exit fees.
My question is, should I choose this fix or just stick to the variable for now and hope that the cost of energy doesn't increase too much in October?
Just really stuck, and would appreciate some advice!
The new price cap is operative from 1 April and your variable rate pricing will increase a very great deal.
So your current variable pricing has just one month to run. Then the new price cap will apply, and then another from October 2022 which is also expected to increase prices.
I can't see the V12 pricing but if you quote the rates then I'll be able to help. Certainly the V11 proved popular as it offered certainty post October2022.
My V11 prices (london) 29.24 per unit and 37.92 per day (both VAT incl). So V12 is more expensive than V11 by circa 16%. V11 was good because you paid a bit extra compare to variable for one month (march 2022), then the same as variable for 6 months (apr -sep), and then probably less than variable for 5 months, because the likelihood is that prices will go up again in October 2022.
I'm not sure that I'd go for V12, as its a much more finely balanced decision. If prices go up in October 2022 by a great deal (more than 30%), then it could pay off.
DAve
the increase users are facing are dramatic and not all implemented at the same time.
I was on competitive fixed rates until late last year. First Symbio went bust, then Zog. My contract with Zog (GAS) ran to March 2023 but is now worthless. Just moving to the price capped rates with EON and EDF was painful enough and now we've the April 2022 price cap increase too. My bill at these new rate is almost exactly 3 times what i was paying last year. So a doubling of DD isn't that unlikely, indeed it may be an under estimate.
Last edited by meldrewreborn; 01-03-22 at 17:52.
Reason: add more on prices.
Hi, does anyone have the new capped prices for 1st April, I fixed mine on the next online v10 a month ago, just wondered if I made the right decision or not.
The price cap operates on variable tariffs only. Fixed tariffs are not affected. The prices i quoted above for the V11 fixed tariff (london - other regions may be marginally different) are actually the same as will apply from April 2022 on the price cap.
The V11 has been withdrawn and V12 is circa 16% more. Prices are only increasing it seems.
As with every diverse community, there is always a mixture of opinions, knowledge as well as understanding - that’s what makes it such a great place to be! To make sure everyone gets the most out of our Community and feels good doing it, we’ve created some values below on how to be an awesome, positive member. So, take a read and then go for it!
We love having you all here in the Community and really hope you find some great advice and help from our other amazing members. As a community team, our main role here is keeping things ticking over, everyone safe and getting involved in some great conversations! We know many of you will have specific queries about your accounts and we want to keep your personal details safe so please don't post them here.
• Saying thanks goes a long way
• The community is a public website, so be careful
• Be kind, respectful and supportive
• It's a family-friendly community
• If you’re in a specific section or discussion, try to stay on topic
• One post is normally enough
• Be cool, don’t spam
We want to ensure that the community is safe and fair for everyone…
We all work hard to ensure everyone feels respected and supported while using the community, and keep that positive energy flowing. If a member or group is disrupting your experience without a genuine reason, you can report this to the community team quickly and easily by clicking the 3 dots on the post. Don’t worry about a thing, we’ll take it from there. If you get a message from the team about your behaviour, please try to work with us, as all we want to do is make this a positive place for everyone. In order to this, we have to uphold these Community Values and the Community Team has the final say.
The full Community Values can be viewed here
If you agree, please click the 'I agree' checkbox and press the 'Complete Registration' button below. If you would like to cancel the registration, click here to return to the Community homepage.
Although the administrators and moderators of E.ON Next Community will attempt to keep all objectionable messages off this site, it is impossible for us to review all messages. All messages express the views of the author, and neither the owners of E.ON Next Community, nor vBulletin Solutions Inc. (developers of vBulletin) will be held responsible for the content of any message.
By agreeing to these rules, you warrant that you will not post any messages that are obscene, vulgar,sexually-oriented, hateful, threatening, or otherwise violative of any laws.
The owners of E.ON Next Community reserve the right to remove, edit, move or close any content item for any reason.
