Get the most out of a fixed energy tariff with E.ON Next.
Is now a good time for you to fix your tariff?
These days, it’s more important than ever to manage our household budgets. And that’s especially true of our electricity and gas bills.
We have to deal with uncertain energy market forecasts, a price cap that keeps changing and the fluctuating costs that accompany all these. Together, they can make budgeting for your utilities a stressful experience.
But if you're looking for more stability and predictability with your energy bills, a fixed rate gas and electricity tariff could be the way to go. They have become a popular choice for many households wanting to know how much they will spend on units of gas and electricity (kWh). Moreover, they can help you with your budgeting.
At E.ON Next, we offer different fixed energy deals to suit our customers' different needs. There are fixed rate tariffs: Next Fixed 24m and Next Fixed 12m. Plus, we have Next Pledge: a tariff that tracks the Ofgem price cap and can provide up to £50 savings across dual fuel (based on Ofgem typical medium usage) over the 12 month contract.
So, you can take more financial control over your bills (and enjoy the additional peace of mind that comes with it).
Protection from an uncertain future and stress with a fixed tariff.
Fixed rate tariffs typically lock down the prices you pay per unit of your electricity and gas, along with the standing charge. It's usually for a set period, typically one or two years. When you lock down your energy prices, you get an idea of what you can expect to pay for your next bill. This can help you plan your finances (especially if you get a smart meter as well - more on that later).
This stability and certainty is something you don't get with standard variable tariffs (SVT), where prices can change quarterly, courtesy of the energy price cap. (As the name suggests, our standard variable tariffs are standardised and do not come with the benefits you get with a fixed tariff.) These fluctuations in the SVT price can sometimes lead to larger-than-expected bills - which makes planning your budget more challenging.
Opting for a fixed energy deal gives you a crucial advantage: certainty. Even with market fluctuations you have a better idea of how much you'll pay for each unit of your electricity (and gas). This can help you budget more effectively, plan for future expenses, and avoid the stress when there is a sudden price hike.
So, what are the benefits of fixed energy tariffs?
There are many other benefits that come with fixed price energy deals other than knowing the price of a unit of electricity or gas won’t change. Here's a closer look at the advantages that make them an attractive choice to so many of our customers:
Peace of mind: with our 2 fixed rate tariffs (Next Fixed 24m and 12m), you won't start to worry about the size of your next bill whenever there is a change in energy prices. And you can feel good knowing your costs are more under control.
Potential savings: if prices rise, a fixed tariff will protect you from those increases. you'll still pay the same price per unit, whatever happens to the price of the standard variable tariff.
Easy budgeting: fixed costs make budgeting simpler thanks to their predictability. So it's easier to manage your bills.
There's another reason you'll find a fixed deal from E.ON Next particularly appealing. You see, you'll get 100% renewable energy at no extra cost.
Is a fixed tariff right for me?
Fixing your energy tariff is often a good call for many of our customers. . But how do you know it's right for you? Before committing to one, it's essential to consider both the pros and cons:
Pros - we've already mentioned a few of these, but they're worth restating:
Price certainty and budget control.
Protection from future price rises during the contract.
Budgeting is simpler.
Cons - It's worth bearing these in mind before you choose your tariff:
You may miss out on savings if prices fall (this is still difficult to predict).
Exit fees may apply if you leave your contract early.
It may not be available to all customers (due to things like your location or meter type).
How do fixed tariffs compare with standard variable tariffs?
If you're still not sure if a fixed contract is right for you, then it's worth comparing them to the SVTs we mentioned before:
Peace of mind
Yes, but only if prices fall
Does not apply
With a fixed rate tariff, you have certainty over prices, could save money, and can plan your budget more confidently.
However, you may not like the idea of a fixed-term contract. When prices are as volatile as they are, you might get lucky, and they drop. Or you may prefer to be able to leave your supplier any time you want without paying any fees. In this case, the SVT is probably the one for you.
Dual fuel tariffs: savings and convenience.
Why enjoy the benefits of a fixed price plan on only your electricity (or gas) when you can get those benefits for both? At E.ON Next, we offer dual fuel tariffs. These combine your gas and electricity supply into a single plan.
Unsurprisingly, dual fuel tariffs offer better value compared to taking out separate fixed gas tariffs and fixed electricity tariffs. With a dual fuel tariff, you can enjoy:
A convenient single-bill payment system.
Lower prices per unit (kWh) for combining services.
Easy account management.
Understanding the small print.
Before you sign up for any fixed price contract, we recommend that you carefully review the terms and conditions associated with the plan. These terms usually include conditions like:
Applicable exit fees if you terminate the contract early.
Minimum contract lengths.
Specific meter requirements.
Eligibility criteria (e.g., your location).
It's worth thinking if conditions like these could affect you. But if you're happy to be in a contract for a year or two and meet the criteria, then a fixed contract could be the way to go.
How easy is it to get a fixed tariff with E.ON Next?
This depends on factors such as location, consumption patterns, and credit history. We'll ask you to provide this information when you complete the online application.
Alternatively, you can contact us, and we can help you work out if you're eligible.
E.ON Next's fixed deals.
E.ON Next offers different tariffs to cater to different customer needs and preferences. These range from simple fixed-rate plans to more sophisticated options with additional features.
Here's a brief overview:
Next Fixed 24m - our two-year dual fuel fixed deal gives you fixed prices for 24 months and 100% renewable electricity as standard. There's also a £50 account credit when you sign up, along with home solutions discounts and lower prices when you pay by Direct Debit.
Next Fixed 12m - Our one-year fixed deal gives you fixed prices for 12 months, home solutions offers and 100% renewable electricity as standard. (You have to manage this account online).
Next Drive is especially for electric vehicle owners. You could get fixed prices for a year. Plus, lower-priced electricity (compared to our SVT) when you charge your electric vehicle off-peak, between 12 and 7 am. And, of course, it's all 100% renewable energy at no extra cost.
Applying for a fixed price tariff with us is easy.
Applying with E.ON Next is so straightforward. The easiest way is to sign up online. Alternatively you can call our customer service team if you like. And the whole process takes next to no time at all. So why not get an online quote today?
Even more help to manage your bills.
Smart meters are a convenient way to see how much energy you are using while you are using it. They also give you valuable insights into how you're using it, not just how much. What's more, it can show you where you are using the most in your home (which may give you ideas on how you can cut down).
The in-home display with your smart meter lets you see how much you spend in real-time. So, you can see how much it costs you when you leave all the lights on. And how much you save the instant you turn a few of them off.
It’s also more convenient because it sends us your meter readings. It’s one less thing to worry about and you can plan ahead with confidence.
We've all received an unexpectedly large bill after receiving a few estimated ones. You think you've budgeted properly, then suddenly you're left wondering how you're going to pay "the big one".
Well, with a smart meter, you’ll no longer receive estimates, so you know you're billed the correct amount. That's one less thing to worry about. And easier to plan for.
Is it worth getting a fixed-rate tariff?
Suppose you're the kind of customer who wants stability and predictable prices in these turbulent times. In that case, fixing your contract is a great way to go.
You'll know how much you will be paying for each unit of electricity or gas. And with the help of a smart meter and in-home display, you'll always have an up-to-date total of precisely what you are using - along with how much it's costing you.
But, before you sign up for a fixed rate tariff - or take up any kind of energy contract - you should carefully consider the pros and cons. Are you happy to commit to a deal that will last a year or two? Do you think you will be able to get a better deal in the near future? And why do you think that? When you have answers to questions like these, you can make a more informed decision better suited to you and your needs.
And make sure you understand the terms and conditions of any deal when exploring the options available to you. Especially the ones that relate to leaving or breaking the contract, as you will often have to pay an exit fee.
What is a fixed energy tariff?
A fixed energy tariff locks down the unit price of your electricity and/or gas and your standing charge for a set time, usually 12 or 24 months.
What's more, if you take yours out with E.ON Next, you'll get 100% renewable electricity and other benefits, like a discount if you pay by Direct Debit.
How does a tariff that is fixed work?
If you take up a fixed contract, it's the price per unit of electricity and/or gas and the standing charge that is fixed, not your overall bill. In other words, the more you use, the bigger your bill.
But don't forget, we’ll install a smart meter (at no extra charge) which will help you manage your usage.
You've mentioned a standing charge. What's that for?
A standing charge is a fee you pay on top of the charges for your energy. It's there to cover things like meter reading visits and maintaining the network that gets gas and electricity to your home.
These are the kinds of services we provide to all users, and you can find out more about them on our understanding standing charges page.
What happens when my fixed term ends?
You'll be switched back to a standard variable tariff when your tariff ends. This means your bill will be affected by new price changes. But don't worry. You can also take a new fixed-rate tariff if you wish.
Why should I switch to a fixed energy tariff?
Switching to a fixed contract can give you peace of mind you get from knowing exactly how much you will pay per unit of electricity or gas. So, if it's stability and consistency that you're after, this could be the tariff for you.
Is it time to fix my tariff or stay on SVT?
A tricky question. It is worth pointing out that fixed contracts are not protected by the energy price cap. So, if that drops below the price you pay on your fixed tariff, you will not benefit.
However, the opposite is also true: if the energy price cap rate goes above the price of your fixed rate gas and electricity tariff, you won't be affected either. You'll need to do some homework before you decide (see "How do I know if a fixed tariff is right for me?" for more help).
And remember, the energy price cap doesn't limit the price of your total bill, just the price per unit. Those prices you see issued by Ofgem are for the typical home. Your bill may be lower - or higher than the price Ofgem gives.
What is a dual fuel fixed tariff?
An easy one. This is where you fix your electricity and gas prices for a set time. In fact, E.ON Next's two main fixed fuel energy tariffs are both dual fuel.
Are fixed dual fuel deals cheaper?
Yes, they are certainly cheaper than taking out a single fixed one just for your electricity or gas. And they can often work out cheaper than the SVT if the price increases.
How do I know if a fixed tariff is right for me?
This is where you have to do a bit of homework. First of all, would you prefer some stability and certainty when it comes to your bills? A fixed tariff can help you there.
But you may prefer to take your chances in the hope that the price will fall in the next year or two (hard to say, based on the last couple of years). Or maybe you don't feel comfortable "locking yourself in" to a contract. In such instances, the default standard variable tariff is the one for you.
It may take some time to work all this out, but it's worth it once you've found the correct tariff.
Electricity backed by 100% renewable sources, E.ON’s renewable generation assets, agreements with UK generators and the purchase of renewable electricity certificates. The electricity supplied to your home comes from the National Grid. Fixed term contracts only. Smart meter required, where eligible. Exit fees and T&Cs apply.
E.ON Next Customers can save up to £150 off a boiler, £50 off an EV charger, £200 off solar panels, £350 off a heat pump. Terms and conditions apply.
See https://www.eonnext.com/tariffs for more information. Terms and conditions apply.