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My fix is less than the price freeze - e.on Next Online 14

9 replies

BlackCoffeeAndToast · 11/09/2022 10:20

I fixed a few months back, through gritted teeth in anticipation of potential further price increases. I've looked at the government website with prices per unit listed, and my kwH price for gas is 0.43p less than the government's, and my gas standing charge is currently 0.78p/day less.

I would be making savings on electricity to balance this, with the new prices being 5.94p/kwH less than what I currently pay, and 1.58p/day less on standing charge, so it will potentially balance out.

I was just curious if my energy company will update the fixed prices to increase my gas costs at the same rate as listed by the government, while also lowering the electricity costs, or if mu fixed rate on gas will remain the same.

Long story short- are these new prices being imposed across the board, regardless of which energy company we are with, or are these the ceiling prices that then guide any new offers that companies may put together to entice new customers moving over, etc, as before?

OP posts:
firefly123 · 11/09/2022 10:28

Am wondering the same. My fix is better than the current price cap so don't want to be moved

Ladyofthepeonies · 11/09/2022 10:39

No my understanding is people on current fixes (if less than cap) will remain on the ones they are until the fix expires

whowhatwerewhy · 11/09/2022 10:55

I've read it won't affect you if your on a fix term .
I like you fixed and will be better off sticking to what I've got .

CherieBabySpliffUp · 11/09/2022 10:57

No, if you're on a fixed tariff which is cheaper than the cap then your rate won't change from what I understand.

BlackCoffeeAndToast · 11/09/2022 10:58

Unfortunately only my gas fix is cheaper, my electric fix is more expensive, so it seems excessively complicated.

OP posts:
firefly123 · 11/09/2022 11:36

Thank you everyone. Good to hear it will stay

Hoosemover · 11/09/2022 15:02

43p per gas seems really high

BarbaraofSeville · 12/09/2022 13:22

Your fix will remain as is until it runs out, or you decide to change. Have a play with an online calculator to check whether it is worth swapping in your situation.

You shouldn't be charged an exit penalty if you stay with the same supplier, but worth checking that too.

We signed up to a fix in March that is about 15% above the current price cap, so are going to stay with this, as it's less than the new rates by quite a margin. Obviously when that runs out, we'll need to move up to the new standard tariff, where everyone will be, I suspect.

BarbaraofSeville · 12/09/2022 13:25

But check your prices carefully, as you've contradicted yourself in your posts re which is cheaper, gas or electricity.

As for attracting new customers, no-one is doing that at the moment. Only way they're taking on new customers is by signing up to very very expensive fixes, ie 'we don't want any new customers unless they pay us a lot of money'.

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