EDF's new eco20:20 tarrif

mustrum_ridcully

Cardew wrote: »

15p and 7p for what?

That is not a 24/7 tariff available for new users.

If it is E7 then it is not what 20:20 is targetted at.

Economy and normal, I guessed it'd be fairly clear because I was replying to to someone posting their E7 rates...

twiz21

Cardew wrote: »

Doesn't seem to be anything on their website about this tariff; and I also notice that Economy 10 is not available for new customers.

Anyone got full details?

You can download a pdf price list here.

http://www2.savetodaysavetomorrow.com/Eco_20-20.html

2012 Carbon Challenge
We'll help you to reduce your carbon footprint which could save you up to £166†.

Things to think about

• Minimum 12 month contract
• If you decide to leave Eco20:20 there could be a £50 cancellation charge
• We will need to change your meter to take advantage of Eco20:20
• Up to 12 weeks until your Eco20:20 account is activated
• If you leave this product your meter will need to be changed or reset
• Too much hassle?
  Compare our products by price to find other great value deals to save money and help reduce your Carbon footprint

The important information

†The figure of £166 is the potential saving achievable by an EDF Energy customer with a typical consumption supplied on our standard tariffs, meeting the challenge to reduce their annual household energy consumption by 20% through energy saving measures. Typical consumption means 3,300 kWh of electricity and 20,500 kWh of gas each year.

††Eco20:20’s off peak electricity unit rate (which applies between 9pm – 7am GMT weekdays and all weekend) is currently 20% cheaper than EDF Energy’s standard core electricity tariff. An EDF Energy customer with a typical annual electricity consumption (3,300kwh) and usage pattern, could save up to £37 by moving to Eco 20:20. By shifting more of your electricity usage to off peak times you could save even more. Eco20:20 tariff is set to GMT times, this means when the clocks change to British Summer Time your off-peak times will be 10pm until 8am on weekdays.

** Calls may be monitored and recorded as part of our customer care programme. Calls to ‘0800’ numbers are free from BT landlines, other network operators’ charges may vary.

jasmin10

I did have E7 but it wasn't conveinent for me as I thin the times were from midnigh. The Eco 20:20 is perfect as it's starts from 9pm and it is valid all weekend too.

Cardew

The prices are slightly higher than quoted by Jasmin10 in post #3 (for the East Midlands)

18.38p for 900kWh pa

10.88p for peak

8.69p for off-peak

A small discount for paying electricity by DD - £8.40pa

Dual fuel discount £25.20pa

Gas DD discount £16.80pa

As said above I don't think 20:20 is trying to compete with E7(11.5p/4.95p for EMidlands)

I suspect that for most people there will be little in price between BG's web Saver and 20:20.
BG is about 10% cheaper for peak and 10% more expensive for off-peak and BG's discount is a bit better.

SamanthaA

Having asked EON for my unit costs, only in Nov, this would work for me even on economy 7 (or their equiv.)
Paying
22.5p for primary units, up to 900,
18.5p for secondary, and
5.4p for night units, midnight to 7am.

EDF looks like its a few pence less.
Only problem is at this time of year I owe Eon and cant change.
maybe in the summer....

kingkano

I agree with Cardew, I didn't think its aimed at E7 or E10 customers. Its for customers on regular tariffs to convince them to move usage to evenings/weekends. Part of a bigger initiative to relieve the stress on the system. Similar to what some ISPs do, businesses need the speed during the day, so home users are given small daytime limits but unlimited evening and weekend usage. Electricity looks to be moving to a similar idea.

I think that if the rates were a bit cheaper I'd be very tempted, as my house is empty during the day, all my usage is evening and weekends! Trouble is my secondary rate on EON is only aout 7.5p after discounts (I am on an older energyonline deal that had 19% total discounts) - so their offpeak rate is still too expensive!

Shame because I really do want a smart meter too!

dvs

I've been on Economy 7 for years but I recently looked into this and as I don't have an immersion water heater or electric storage heaters, it makes little sense to have Economy 7. I think I read somewhere that you need to use around 55% of your energy at night for Economy 7 to be worth while. Whilst the Eco 20:20 price band is not as cheap as the night rate on Economy 7, it certainly would be better for me than Economy 7 as my nightime usage is very small. I'm not convinced that this deal would be teh cheapest offer around though.

My main concern is that the website says that the Eco 20:20 tariff is currently 20% less than the standard. So it may not stay that way. For example if the standard prices fall (which they should do soon), perhaps the Eco 20:20 prices won't.

I haven't found anything saying that it's a smart meter - can anyone confirm? It would make sense as it will save them on meter readings.

dvs

Just called EDF to see if the Eco 20:20 tariff uses a smart meter and was told that it is just a standard credit timed meter like the Economy 7 meters. Bit of a shame as the marketing of the tariff seems to be about reducing usage and costs and surely a smart meter would assist customers in that.

Fire_Fox

Fire_Fox wrote: »

My Ecomony 7 is 10p daytime and 5p night rate. EDF Eco 20:20 is therefore very expensive!

Apologies to all who have rightly queried my obtuse previous post. I had previously looked at prices for this tariff on my area, and intended to re-check and add them to the above post so it actually made sense. But was posting at work, got called away and totally forgot ...

My current standing charge is 14p with Scottish Power, then rates slightly lower than I previously posted. I have an Economy 7 meter but no storage heaters so use only 40% of my electricity at night - thus I think it is a fair comparison. Not fixed or capped rates, and not their cheapest tariff as it's a green energy thing (yes I know they are not green, but it makes me feel better!).

For my area EDF Eco 20: 20 is Band A 20p per KWH, Band B 10p per KWH, Night 8p per KWH which EDF's own website suggests would cost me £100 a year more than I am paying at present! :eek: Note also that EDF's idea of 'evening' is after 9pm in winter and after 10pm in summer - surely most of us have used all of our hot water and heating by then?

Magentasue

Fire_Fox wrote: »

Note also that EDF's idea of 'evening' is after 9pm in winter and after 10pm in summer - surely most of us have used all of our hot water and heating by then?

We have. But for those of us with a gas boiler, it's irrelevant. As already posted, this tariff is more likely to be a viable alternative to people on single rate tariffs, rather than those on Economy 7.