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Changing Electricity with a meter key on wrong taffif - advice needed?

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Hello!

I was wondering if anybody could help or advise?

Currently have only Electricity that runs everything.

The heating is Electric central heating, so tank which pumps round hot water into the radiators.......... We have no storage heaters at all.

Eon supply the electricity and we are on a Key meter and on the Economy7 tarrif. I have phoned them to find out if there is a cheaper way as we are currently putting about £60 per month for our electricity supply and thats in the summer with no heating! Whats it going to cost when the heating is on. Scarey thought!!

Phoned Eon and the lady was sooo vague as it took me about 10mins to explain to her. She could not understand how we could have electric central heating that was not storage heaters. :rotfl: she even said that being on a key is not more expensive than not! Can somebody please clarify as I am certain it is!

Economy7 is not the best tariff for us to be on but I don't know the best way to try and sort this out. Can the key meter be taken out and we get a good 'deal' with a better tariff so we don't freeze in winter and a direct debt be set up?

Any advice or help would be welcomed!

Many thanks
*angeldelight*

Comments

  • wornoutmumoftwo
    wornoutmumoftwo Posts: 1,250 Forumite
    Hello

    I'm on economy 7 with storage heaters and this works well for us, spending about #15 a week on an all electric house. I am also on a prepayment meter, which once I've paid my debt off will be changed back to a credit meter - which IS cheaper.

    I would ring them up and ask for ALL your options, I am sure if you really wanted a credit meter you could change it, though I don't know if there are any charges involved.
    Payment a day challenge: £236.69
    Jan Shopping Challenge: £202.09/£250
    Frugal Living Challenge: £534.64/15000
  • spiro
    spiro Posts: 6,405 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    Yes you have an odd setup. Economy 7 (E7) is primarily for properties that have electricity heating based on night storeage heaters, night being the operative word. They use cheap(er) overnight electricity to heat up and give off heat during the day. On this type of tariff you pay more per unit during the day 7am to midnight (approx) and less per unit overnight. If yours works by heating the water overnight and then continues to pump it round during the day as the water slowly get cooler then E7 is propably a good idea. If its heating the water during the day, rather than overnight, then it wont be. Problem is that now is not the time of year to measure what you use day and night unless you have old bills. If you have say 12 months worth of old bills look at the total day and night consumption. Then compare this against a E7 tariff price and also a standard tariff (add day and night together). this should help give a good idea of what type of tariff is best.
    IT Consultant in the utilities industry specialising in the retail electricity market.

    4 Credit Card and 1 Loan PPI claims settled for £26k, 1 rejected (Opus).
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