Martin take note! Save around £70+/year on electricity by ditching rip off economy 7

gerrardfan

if anyone is an E-ON customer the e7 meter doesn't need to be removed,just ask to be moved onto a single rate 24hr day tariff.

the customer still provides both sets of reads but the computer then rebills on 1 rate prices.check with your supplier if they are able to do the same as some companies may have to change the meter as well.

hope this helps people.

i am an e-on employee.

bada55

I've no idea what comment was made to me so I assume it was totally useless information and removed by a moderator!
Of course the different suppliers offer different rates. My point was that the people that had received refunds used different suppliers.
All you need do if you have not kept a record is call your supplier and ask them for your total night/day units used over the last 12 months (so you can make a note and use this information when calling other suppliers) and then ask for your total combined cost for the same 12 months.Then ask them what the cost would have been had you not been on economy 7. Assuming they do give you the corect information you can now decide.
As for my comment about it being a rip off I stand by that because all energy providers have the facilities in place to keep their customers informed if they are not on the most economical tariff. Companies like BT, despite initially really annoying everyone with their agressive customer sales calls, did at least point out what cheaper options were available.
As for 'Cardew' not hearing of anyone getting refunds- now you have! Isn't that the point of this forum to learn about money saving ideas amongst others and be helpful not the opposite!?

bada55

KimYeovil wrote: »

No mercy to Chicken Lickens who cry 'rip off'. And he did acknowledge both at the beginning and end of his post that he suspected he was stating the obvious. Without the 'rip off' in the title I would have bitten my tongue. But lightly throwing such a red flag meant the gloves were off.

I acknowledged that this forum may have had a similar post before and this may not be news to some, that's all. Hardly stating the obvious when personal experience has proved otherwise.. If it has helped the people in my county I'm sure it can help others.

surfsister

Cardew wrote: »

OP,

Unfortunately there is no 'one size fits all' answer to the cost advantages of Economy 7 over a normal 24/7 tariff.

The 'break even' percentage for E7 consumption(of total electricity consumption) varies by company, tariff and area of UK; and this percentage has changed up and down over the years.

Whilst 25% to 30% was generally considered to be the 'ballpark' figure to break even, it has ranged from 60% to one bizarre tariff where daytime electricity on E7 was cheaper than the normal 24/7 rate for the same tariff.

Don't forget some people with, say LPG CH, might swiotch off their boiler in the summer and use E7 for their immersion heater.

I have never heard before of anyone getting a refund because E7 had worked out more expensive and doubt many companies would give such a refund.

interesting. i have storage heaters sp am tied to E7 do you know where i can get a quick breakdown of different companies E7 charges?

to go through the usual channels takes ages!

or does anyone know the cheapest Economy 7 tariff? i am on British gas

KimYeovil

It does not take more than ninety seconds to go through a usual channel. (A utility comparison site.)

Is ninety seconds really 'ages'?

Monkey_Joe

kjsmith7 wrote: »

Some companies may charge you to take out the meter and put a new one in, and bear in mind that you shouldn't really consider this if you have an immersion heater or storage heaters, but other companies can 'pretend' you have a single rate meter installed by adding the consumption on the day and night registers together.

Can you explain why please?

I have storage heaters and an immersion heater for the hot water. The previous occupant of the house was with SE on a Eco 7 plan but I plan to have the meter switched, replace the storage heaters with portable electrical heaters and go onto a normal online plan. Are you saying that this is not possible?

JennyR68

Monkey_Joe wrote: »

Can you explain why please?

I have storage heaters and an immersion heater for the hot water. The previous occupant of the house was with SE on a Eco 7 plan but I plan to have the meter switched, replace the storage heaters with portable electrical heaters and go onto a normal online plan. Are you saying that this is not possible?

If you were to be using the storage heaters it wouldn't be a good idea to drop the E7 due to their high consumption. some people seem to be under the impression you can't run an immersion economically without E7 either. That is not true. You can remove your storage heaters if you wish and change your meter, there is nothing to prevent you doing that.

Monkey_Joe

JennyR68 wrote: »

If you were to be using the storage heaters it wouldn't be a good idea to drop the E7 due to their high consumption. some people seem to be under the impression you can't run an immersion economically without E7 either. That is not true. You can remove your storage heaters if you wish and change your meter, there is nothing to prevent you doing that.

In regards to the immersion, why do people believe that they wont run without Eco 7?

I see no problem. You can still set them up to switch on at whatever time you want but instead you get charged at the standard fixed rate instead of old Eco rate.

Katie-Kat-Kins

OP - I think you need to be very careful what you are advising people to do, without accurate usage figures and access to ALL the available tarriffs in the area it is impossible to say what will be most economical for a particular person.

I have seen posts on here, and heard electricty company reps saying that you will save money if you switch away from Eco7. That may be the case for households with a gas boiler, but is most likely not the case for households who use electricity for heating and hot water.

It is also worth remebering that electrical companies tend to be happy to switch you to a single rate meter and not so happy to do it the other way round.

In addition I would never accept advice on what is economical or what is the best tarriff from an electric company, they cannot offer independant advice, use the comparison sites - that is what they are there for!!!!

Katie-Kat-Kins

Monkey_Joe wrote: »

In regards to the immersion, why do people believe that they wont run without Eco 7?

I see no problem. You can still set them up to switch on at whatever time you want but instead you get charged at the standard fixed rate instead of old Eco rate.

You can use an immersion on standard rate but they are high consumption appliances and for many people it is more economical to have eco 7 and run the immersion during cheap rate and just top up if necessary during the day. I run mine for an hour in the morning (during cheap rate) and that lasts all day with no need to boost.

Although some people have immersions that are wired into the off peak supply with a boost facility rather than being wired through the main supply I guess this might be why some people think you can't use them without eco 7.