EDF's new eco20:20 tarrif

Premier_2

Fire_Fox wrote: »

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?

Just to clarify, comparative costs incl. VAT for Yorkshire region

Scottish power (based on current prices)
peak rate: 10.071p
off peak (ca. 00.00hrs - 07:00hrs GMT): 4.739p
quarterly standing charge: £13.41 (based on 14.7p per day)


EDF 2020
peak rate: 9.84p
off peak (ca. 21.00hrs - 07:00hrs GMT plus all day weekends): 7.86p
quarterly standing charge: £22.66 (based on tier 1 rate of 19.91p for initial 900kWh/year)


I'm not sure how meaningful any price comparison can be made unless you know exactly how much electricity you use during the effective off peak periods (note that EDF2020 off peak also includes all day weekends as well as additional evening hours).

Whilst it's true that EDF2020 hours will be one hour later during BST this is also true of E7 tariffs.
Remember that when the summer evenings come along, you may not be turning on lights until 10pm - and they'll probably be off before 1am when most people are in bed.

Finally as you use 40% of your electricity during the current E7 hours, the EDF 2020 tariff is not designed to compete - see terms & conditions already referred to by previous poster(s).

MRDION

Fire_Fox wrote: »

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

ECO 20:20 is not ment to benefit current ECO 7 customers, just standard You should try and compare EDF ECO 7 Tarrif

MRDION

You lookin at wrong prices

none of EDF's standard secondary rates are 14 p......... Check the prices for your region

dvs

MRDION wrote: »

ECO 20:20 is not ment to benefit current ECO 7 customers, just standard You should try and compare EDF ECO 7 Tarrif

There are a large number of people who do not have electric storage heaters or electric water heating. It's unlikely that anyone who doesn't have either of these would use enough electricity at night to make Economy 7 viable. I've had gas central heating and a combi boiler for years but was not aware that you need to use about 55% of you electricity at night to be better off on Economy 7. Therefore a standard or Eco 20:20 tariff would be better for me.

overkill_2

It looks more expensive as I am in the Scottish Power region:

EC020:20 Band A 20.39
Band B 11.48
Night 9.18

now compared to my own ScottishPower's Online Energy (No Standing Charges):

SP OE NSC Band A (primary) 18.21
Band B (secondary) 11.61
Night Economy7 5.24

Initially it sounded too good to be true, as Iwould haved loved to put my washing machine and heaters on at 9pm but there is no way that I am joining that and paying almost double in night charges to be on e-con 20:20.:confused:

Premier_2

Welcome to MSE overkill :hello:

However, as has already been mentioned, the Eco20:20 tariff is not designed to compete with customers on an E7 tariff who use substantial amounts of overnight electricity. In fact they may be ineligible according to the terms & conditions.

If you don't use a lot of overnight electricity, then cheaper electricity from 21:00-00.00 GMT and all day weekends may be beneficial to some.

anmrivera

I am a brand new customer to EDF. I have a new property that was just turned over to my name from the builder. The builder had EDF supplying electricity and gas during the build. I don't know what plan I should plan on. I have 4 school aged children and a wife who is at home most of the day. We do laundry at night and run the dishwasher then too. Our heat is a gas fired hot water radiators. Our stove is gas but the oven is electric. We have a large direct water tank as well, (not used to this set up coming from USA). Please advise on what might be the best plan for us. Thanks in advance!

samtheman1k

This type of tariff would be ideal for someone with an ASHP as their main heating source, who also works a 9-5 as most of their usage will be in the off peak times. However, without doing the sums admittedly, it does appear that 'web saver' tariffs would be comparable without the inconvenience. Maybe they'll do a websaver 20:20 soon!

plt1964

Hi ,
I joined EDF eco 20 20 3 months ago ,as a year ago we moved into this house and every quarter with Npower my bill for 3 of us here,(one being a school kid and in school in the day) was £300 every quarter!!!!,I called them but they never wanted to know,I said I must be paying for the old lady next door as well. There was no comment.

I've just had my 1st bill in from EDF and I have saved £100 off my bill!.

We dont have central heating as such as we have oil heating so I realy can't understand why it was costing us so much with Npower,plus we only have a shower installed,so no need to heat a water boiler,as the service man said' the boiler wld never hold enough water for a bath anyway lol.

I put my washing on at nite,and the dishwasher,plus most things are on in the evening/nite,pc's,xbox,tvs so it seemed a good idea to change,especialy for the weekends when my son is at home and using everything in his room lol.

I'm hoping now to cut it down further as for the 1st month they hadn't changed the meter over,like the rest of you I had to shout loudly but got it done in 4 weeks.

Take care Paula.:)

Dustykitten

I'm thinking of switching to this tariff (on EDF standard at present). I was going to take meter readings twice a day for a week of weekdays and then the weekend to see if I thought we'd benefit - are there any errors in this plan?