Economy 7, when is it worth going for E7 tariff?

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egon
egon Posts: 439 Forumite
Hi,

We do have E7 in our house. But we do not have a tariff, which takes it into account.

How much Electricity do we have to use within the E7 times, so it would be worth swapping to a tariff which takes E7 into account?

Thanks a lot

Egon
I wish Germany had a website like moneysavingexpert!

Comments

  • frugalmacdugal
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    Hi,

    E7 is really for electric central heating, and water heating, use over night on the cheap

    rate, in which case the ratio would be about 3 low units to 1 normal unit, based on

    annual usage.

    Best idea then is to have a monthly direct debit, so as you are paying the same amount

    every month, and not getting big bills in winter when using the heating.
  • Cardew
    Cardew Posts: 29,038 Forumite
    Name Dropper First Anniversary First Post Rampant Recycler
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    The 'break even' point for E7, varies a great deal by company, area of UK and even different tariffs from the same company. Also the amount you consume.

    The post above is wrong(I assume that frugalmacdugal has got it the wrong way round)

    The break even point can vary from approx 10% to 30% of total consumption on E7.
  • brysiewysie
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    Often your existing supplier will be able to run a calculation on your past usage and tell you if E7 would have been better for you on that use.
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