How much for a two bed flat with electric storage heaters

spinningsheep

My mate at work lives in a 1 bed rented flat, about 4 years old, top floor, and has economy 7 storage hearters, no gas. He moved in on 4th Oct, and he was worried that he has had no bills or documentation from E-on, despite him calling up to give opening meter reads and setting up the DD for £30 a month with them whilst I was there. We called today at work and they had set up the account but at the wrong address slightly, so all sorted now, and they said he has used £97 since moving in, and he has had the storage heaters on correctly (ie mx input, min output) and his flat has been roasty toasty, he has also left the immersion heater on 24/7 despite me telling him to turn it on before bed and off when he wakes (no timer, just a switch in a cupboard and the hot water heater is somewhere up in the communal roofspace) so I would say the esimate of £50 pm is about right. He is now on the E-on Onlive Saver 4 after our call, instead of their standard rate, should save him about £60 a year

Premier_2

dogshome wrote: »

Hi Premier - Don't like crossing swords with you as I have great respect for your detailed knowledge of the industry, and I know from previous posts that you make ECO7 work for you.

However, my son lives in a 2 bed flat in the Eastern Region as I do and I monitor his ECO7 bills
My Standard meter - EDF V6
Daily Standing charge £75 a year
Units 7.07p
Son's ECO7 meter - E.on V5
900 Prime Units 25.79p ( Annual cost over the unit price £107 )
Balance Units 13.85p
Night Units 4.45p

His bills run to £1,170 a year and as you can see, his Daytime power costs 96% more than that delivered by my Standard meter

Different regions have different tariffs and haveing weeded out the Industry dogs, he's on the best I can find for this area, who are you with to get that differential of just 10% ?

You are not comparing like with like. Not only are you comparing different tariffs, you are comparing different suppliers!

You say you are on EDF v6 @ 7.07p per kWh single rate (this is excluding VAT)

The equivilent ex-vat rate for EDF v6 on E7 is 9.58p
That's a difference of 2.51p or 35.5%


Your son is on E.on v5 and you say that is 13.85p on E7 (again ex vat)

The equivilent ex-vat single rate tariff is 10.20p

That's a difference of 3.65p or 35.8%


These are quite high premiums for E7 compared to usual, but no where near the 50% you state.
By contrast take a look at Scottish Power Standard rate for the same area (admittedly at the other end of the spectrum).

Single rate ex vat: 12.019p
E7 ex vat rate: 12.207p

A difference of 0.188p or just 1.56%.

Don't forget in all cases the low rate, available for almost 30% of the day,is typically about 50-70% cheaper, (e.g. you son pays just 4.45p per unit for 30% of the day, and that's before the 23% discount is applied!) and as you say you can't compare one unit rate to another on an entirely different tariff as the discounts will be different (but you can compare between E7 and non-E7 with the same supplier/tariff as the discounts are usually the same)

Edit: Btw, these are all current/impending rates as supplied by energyhelpline.com and ignore any discounts.

Edit 2. If you want to strip out all the effects of various discounts, take a look at ebico pricing as they don't have discounts, 2 tier preicing, etc.
Even here, the daytime premium is just over 22% for Eastern region but the interesting point is that with such a simple tariff, the break-even points are easy to establish.
For the Eastern region the break-even point with ebico is 28.2% low rate usage ... which since it's available for almost 30% of the day shouldn't be too hard to achieve with a little planning.