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Loyalty v4 fixed contract
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Level 421-07-23
it says this... We're electricity only and on a all day tariff, no night rate
Error in my original post, offered rate was 30.41p
Tariff
Next Loyalty Fixed v4
Your fixed term end date 22/07/2024
Rates
Day rate: 39.75 p/kWh Night rate: 13.93 p/kWh
Standing charge: 37.73 p/day
All rates include VAT
Sorry, couldn't work out how to upload a screenshot 🙄Last edited by Littlemead; 21-07-23 at 11:39. Reason: Missed something out
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Level 8721-07-23
Afternoon
Looks like either economy 7 or EV tariffs as you have 2 tariffs. Definitely good you have contacted customer services. Let us know how you get on. -
Level 9121-07-23@Boncobill
Yes, nothing better came along. Indeed other suppliers are offering their customers a fixed rate deal above the current variable rate, so the prospects of better rates in the future have dimmed considerably.
I had been hoping particularly for a better deal on Gas (mine is with EDF) but my hopeful expectations have been dashed.Current Eon Next customer, ex EDF, Zog and Symbio. Don't think dual fuel saves money and don't like smart meters. Chronologically Gifted. If I offend let me know by private message, but I’ll continue to express my opinions nonetheless. -
Level 421-07-23
UPDATE - all sorted, it was because 'the system' thought we were multi rate, helpful chap on Twitter resolved it and now we're at the expected 30.41p/kWh and my DD has gone down too 👏 -
Level 1925-08-23Now that the new cap prices are actually lower than the Loyalty v4 fix, any thoughts as to if E.on Next will come up with a new fix for "loyal" customers to come under the cap, or is it time to ditch the fix and go variable
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Level 9125-08-23@Johnh1995
I looked at the forecasts before I fixed and was comfortable with Loyalty v4. I think there’s more to a fixed tariff than just price (think of what happened to prices last year) so I’ll be sticking with the fix, for now at least.I'm an Eon Next dual fuel customer with no particular expertise but have some time on my hands that I am using to try and help out a bit. -
Level 6025-08-23
I agree that Loyalty v4 is more expensive than the October cap but consider this:
Loyalty v4 has already saved you a few £ compared to the existing cap although the pendulum shifts to the cap from October 1st for the next 3 months agreed.
Consider what might be the situation in exactly 3 months time (i.e then announcement of the January 1st cap announced sometime in late November). I stay with Loyalty v4 and the January cap prices fall, then I can exit Loyalty v4 in late November and go back to the the cap and stay on the cap from late November though March. All this will cost me is less than £10 on my likely usage between October and end of November.
Now consider what happens if the January cap is more expensive than Loyalty v4 for your usage. As I am still on Loyalty v4, I wait for another until another 3 months before making the next decision in late February.
The great thing about Loyalty v4 is the no exit fee to another Eon Next tariff, be it Next Flex or another one that might come along in the future. If prices rise (as currently predicted) in Q1-2024, then, the already marginal difference for me, swings back in favour of loyalty v4.
I'm sticking, at least until the next Ofgem announcement in November OR there are very obvious indicators that the next cap rise is going to be lower still (ATM unlikely)😀
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