There was a small piece on the ML programme last night which was interesting from an Eon Next point of view, talking about the 'projected' yearly % change in energy costs on dual tariff for a typical household (the usual stuff). A yearly drop of 17% on the SVT was projected (with all the usual caveats) from 1st April 2024- 31st March 2025 see MSE Article.
ML mentioned a few fixed-price tariffs circa 12% lower overall so obviously very tempting for customers that want price certainty. The table in the article linked also mentions 2 Eon Next tariffs - Next Fix 12m v9 (this fixed tariff, with exit fees is12% lower but classified as 'Borderline') and Next Pledge (3% lower than every cap, with modest exit fees and classified as COULD be worth considering). I see both these tariffs in my list of 'Pick Your New Tariff' choices as I am coming to the end of an existing fixed tariff. There is another interesting 'special offer' choice 'Next Assured Fix 15m v1' but this appears to be just for customers in the last 45 days of a current fix as I could not see it in the list of available tariffs for my region. Of course there is also Next Flex (no exit fees) to think about for customers averse to exit fees/possibly thinking of changing supplier/home in the near future.
Which is going to be the cheapest? All of them could be. Which one does one choose? It depends on the individual circumstances of the customer, whether you want an exit-free tariff, what your attitude to risk is and/or whether you want unit price certainty. Not a decision that Eon Next can make or should make for their customers (whether they consider themselves enlightened or not) but they can and do suggest that customers at least think about the choices available to them.
As with other threads it is imperative that a customer does their own calculations ideally based on 12m/24m AACs (accurate annual consumption) figures (based on actual meter reads-smart and/or customer) or EACs (Estimated Annual Consumption - available on bills) if the former is not available. I would never rely on potentially flawed Eon Next cost projections before lower price caps are about to be announced (as they are this week) because they have most impact on the tariffs that will shortly change with the cap - Next Flex and Next Pledge.
Not got the skills to do this? Plenty of folk on this forum are able to quickly work out annual projection costs so long as the tariff information costs are included and the AAC/EAC figures.
From my own perspective I shall look at the data for the forthcoming April price cap when it is released (no later than Friday 7am this week seemingly) and then start crunching numbers on a spreadsheet with the different tariffs mentioned above. I won't make any decisions until the last possible moment in case more products are released by Eon Next before March 31st (when my present cheap fix ends).
ML mentioned a few fixed-price tariffs circa 12% lower overall so obviously very tempting for customers that want price certainty. The table in the article linked also mentions 2 Eon Next tariffs - Next Fix 12m v9 (this fixed tariff, with exit fees is12% lower but classified as 'Borderline') and Next Pledge (3% lower than every cap, with modest exit fees and classified as COULD be worth considering). I see both these tariffs in my list of 'Pick Your New Tariff' choices as I am coming to the end of an existing fixed tariff. There is another interesting 'special offer' choice 'Next Assured Fix 15m v1' but this appears to be just for customers in the last 45 days of a current fix as I could not see it in the list of available tariffs for my region. Of course there is also Next Flex (no exit fees) to think about for customers averse to exit fees/possibly thinking of changing supplier/home in the near future.
Which is going to be the cheapest? All of them could be. Which one does one choose? It depends on the individual circumstances of the customer, whether you want an exit-free tariff, what your attitude to risk is and/or whether you want unit price certainty. Not a decision that Eon Next can make or should make for their customers (whether they consider themselves enlightened or not) but they can and do suggest that customers at least think about the choices available to them.
As with other threads it is imperative that a customer does their own calculations ideally based on 12m/24m AACs (accurate annual consumption) figures (based on actual meter reads-smart and/or customer) or EACs (Estimated Annual Consumption - available on bills) if the former is not available. I would never rely on potentially flawed Eon Next cost projections before lower price caps are about to be announced (as they are this week) because they have most impact on the tariffs that will shortly change with the cap - Next Flex and Next Pledge.
Not got the skills to do this? Plenty of folk on this forum are able to quickly work out annual projection costs so long as the tariff information costs are included and the AAC/EAC figures.
From my own perspective I shall look at the data for the forthcoming April price cap when it is released (no later than Friday 7am this week seemingly) and then start crunching numbers on a spreadsheet with the different tariffs mentioned above. I won't make any decisions until the last possible moment in case more products are released by Eon Next before March 31st (when my present cheap fix ends).
Last edited by Mailman; 21-02-24 at 10:46.
