electricity bills for 1 bed flat?

ziotree

Andy_WSM wrote: »

Then you should come off the eco 7 tariff as you pay a premium for your day / evening units whilst getting a discount on your night units (midnight to 7am or whatever the meter is set at). If you are not going to use a substantial amount of power during the night then the tariff will likely cost you more.

cheers mate

i think it would benefit me as most of my electric would be used in the day and evenings.

do i just ring up and ask to change to a normal rate?

also would it cost me to change over?

thanks

Cardew

If you do change from Economy 7, Don't use your storage heaters

ziotree

Cardew wrote: »

If you do change from Economy 7, Don't use your storage heaters

not even the boost button for instant heat?

thanks for the advice

PNPSUKNET

not unless you want a huge bill, e7 storage only stores over night

Premier_2

ziotree wrote: »

...
i really wouldnt be using any electric during the economy 7 times

Extremely unlikely, unless you don't reside at the property and you don't have a fridge, freezer or any number of other appliances that require constant 24/7 connection (telephone, digi-box, router(?), etc)

7/24 = 29%

Break even point of typical E7 plans is about 20-25% low rate consumption (but this does vary massively, so do your own calculations once you are aware of exactly how much low rate usage you will use)

Edit: You'll probably need some heating on in the middle of winter even if the property is empty for the weekend, to prevent frozen pipes, etc.

ziotree

Premier wrote: »

Extremely unlikely, unless you don't reside at the property and you don't have a fridge, freezer or any number of other appliances that require constant 24/7 connection (telephone, digi-box, router(?), etc)

7/24 = 29%

Break even point of typical E7 plans is about 20-25% low rate consumption (but this does vary massively, so do your own calculations once you are aware of exactly how much low rate usage you will use)

Edit: You'll probably need some heating on in the middle of winter even if the property is empty for the weekend, to prevent frozen pipes, etc.

hi thanks for the advice

the only thing that needs 24 hour electric is my fridge/freezer.

with this in mind is it worth staying on economy 7 or should i switch to normal tariff

i wont be having a router or telephone in my flat

thanks again

Cardew

How do you heat water?

You can look at your meters and work out what you are using.

However from what you say, you will almost certainly be better off ditching E7.

Premier_2

ziotree wrote: »

...with this in mind is it worth staying on economy 7 or should i switch to normal tariff...

No one can answer that without a lot more information. You need to do the calculation based on the ratio of energy you use during the relevent charging periods and the actual costs of your tariff and the equivilent single rate tariff.

In some cases, it pays to be on the E7 tariff compared to the equivilent single rate tariff even if you were to use zero electricity during the off rate period.

https://forums.moneysavingexpert.com/discussion/1207887

but as I said previously, the typical break-even point is usually about 20-25% low rate usage (but it can be much higher too)

ziotree

Cardew wrote: »

How do you heat water?

You can look at your meters and work out what you are using.

However from what you say, you will almost certainly be better off ditching E7.

i only need hot water to do my dishes which i boil a kettle for.

the flat comes with a free gym and swimming pool for residents... so when i need to i go and have a work out and then use the shower facilities for free... (sounds bad i know)

on the odd occasion ill need hot water i guess ill have to press the boost button or is that not advised

by the way can anyone tell me where ill find the meter readings in my flat or where they would likely to be?

thanks zio