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Economy 7 Tariffs

stickman
stickman Posts: 163 Forumite
Does anyone know if any of the electric suppliers just offer a 2 tier rate tariff for E7.

Basically
Day rate xxx p per unit
Night rate (E7 ) xyz per unit

as opposed to

First xxx kwh abc pence
Additional kwh xyz pence
Night rate kwh 123 pence

Realise that day rate will obviously be higher than the night but why the need for 2 different types of day rate.

Comments

  • dogshome
    dogshome Posts: 3,878 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    Hi stickman - Those DAY units for which you pay a higher price, are your suppliers way of collecting the Standing Charge (The number of units charged this way is fixed per Annum or Quarter)

    All suppliers either do this or levy a fixed charge per day
  • HappyMJ
    HappyMJ Posts: 21,115 Forumite
    10,000 Posts Combo Breaker
    Ebico are a supplier that does not have a standing charge or a primary and secondary rate. However, the rate being a single rate is quite high and only suitable for low usage.
    :footie:
    :p Regular savers earn 6% interest (HSBC, First Direct, M&S) :p Loans cost 2.9% per year (Nationwide) = FREE money. :p
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