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How do you save using economy 7 - best tips?

Hi just a quick question about economy 7 heating as I've recently moved home and I'm trying to get familiar with the best way to use it and the running costs. I don't know what they will be but want to keep them as low as possible.

I just have it for electric and heating water. I have one storage heater and one towel rail that uses the electric and that seems ok to me heatwise (1 bed flat). I have been able to adjust the input to about half for the heater and I keep the output on 1 (lowest) for as long as possible and increase it as needed.

It's a creda unit, should I be doing anything else to save?

The water heater is on economy 7 - I'm not sure for one person if it's worth heating a tank of water overnight? Currently just using the shower and boiling a kettle for washing up etc. I think it's an average size tank.

Love to hear your money saving tips!
thanks

Comments

  • HappyMJ
    HappyMJ Posts: 21,115 Forumite
    10,000 Posts Combo Breaker
    If your shower uses the hot water then it is worth heating the water overnight. A shower usually uses about 35 litres of water and about half of that is hot water. You could turn the thermostat on the immersion down a bit so the water isn't quite as hot but you risk running out so trial and error is needed.

    Heating I'd just put the input at max but you seem to be OK. You are risking running out of heat and using a peak rate convector heater at more than twice the cost.

    Finally, run everything at night, washing, drying etc...
    :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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