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economy ten ..prices how much

prosaver
prosaver Posts: 7,026 Forumite
Part of the Furniture Combo Breaker
im thinking of changing to economy ten does anyone know how much it cost....i heard its really cheap on the economy meter but they charge very high on the normal meter...that cant be right?
“Life isn't about finding yourself. Life is about creating yourself.”
― George Bernard Shaw
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Comments

  • prosaver
    prosaver Posts: 7,026 Forumite
    Part of the Furniture Combo Breaker
    ps im still keeping my gas central heating
    “Life isn't about finding yourself. Life is about creating yourself.”
    ― George Bernard Shaw
  • prosaver
    prosaver Posts: 7,026 Forumite
    Part of the Furniture Combo Breaker
    it must be rubbish as know ones answered
    “Life isn't about finding yourself. Life is about creating yourself.”
    ― George Bernard Shaw
  • HappyMJ
    HappyMJ Posts: 21,115 Forumite
    10,000 Posts Combo Breaker
    Yes it's rubbish. You should with gas central heating just stay on a standard tariff and pay about 10p maybe 12p for all your units that you use plus a standing charge. E7/E10 is worthwhile if you have electric heating and/or heat your water with electricity or have very little daytime usage.
    :footie:
    :p Regular savers earn 6% interest (HSBC, First Direct, M&S) :p Loans cost 2.9% per year (Nationwide) = FREE money. :p
  • spiro
    spiro Posts: 6,405 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    E10 prices were about 15% more than E7 plus not many suppliers support it.
    IT Consultant in the utilities industry specialising in the retail electricity market.

    4 Credit Card and 1 Loan PPI claims settled for £26k, 1 rejected (Opus).
  • macman
    macman Posts: 53,129 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    Why do you want to even consider E10 if you have gas CH? Even off peak electricity is still more than gas per kWh.
    What would you actually use the cheap rate power for, unless you have storage heaters?
    No free lunch, and no free laptop ;)
  • john1
    john1 Posts: 437 Forumite
    Part of the Furniture 100 Posts
    From My December 2011 E-on Bill Location East Midlands Area


    Normal First 900 kWh each year 24.07p each
    Next kWh 12.67p each


    Heatwise Standing Charge Days 11.27p each


    Heatwise Boost kWh 16.04p each
    Heatwise Afternoon kWh 7.14p each
    Heatwise Night/Evening kWh 7.14p each


    Discounts and VAT
    3% Prompt Payment Discount
    £19.10 No Mains Gas Discount
    VAT rate of 5.0%.
  • Electr0n
    Electr0n Posts: 45 Forumite
    edited 3 February 2012 at 12:13AM
    my E10 tariff ..

    [strike]13.65p day 4.96p night 15.82p standing charge daily[/strike]

    off-peak times
    12am-5am, 1pm-4pm and 8pm-10pm
  • HappyMJ
    HappyMJ Posts: 21,115 Forumite
    10,000 Posts Combo Breaker
    edited 2 February 2012 at 10:46PM
    Electr0n wrote: »
    my E10 tariff ..

    13.65p day 4.96p night 15.82p standing charge daily

    off-peak times
    12am-5am, 1pm-4pm and 8pm-10pm
    That looks very much like an E7 tariff to me. The lowest rates I've seen on Heatwise or E10 or RHT are around the 7p mark for off peak electric usage. Can you reveal the supplier and region?
    :footie:
    :p Regular savers earn 6% interest (HSBC, First Direct, M&S) :p Loans cost 2.9% per year (Nationwide) = FREE money. :p
  • HappyMJ wrote: »
    That looks very much like an E7 tariff to me. The lowest rates I've seen on Heatwise or E10 or RHT are around the 7p mark for off peak electric usage. Can you reveal the supplier and region?

    Appologies , those values were from an out of date txt file i have from a previous year. I have just checked my online last bill and here are some updated info ..

    YOUR ELECTRICITY BILL

    Your Tariff is Economy 10

    14 Sep 2011 - 13 Nov 2011

    Off-peak energy units 375 at 7.03p each
    Standard energy units 358 at 14.11p each
    Standing charge at 26.430p a day

    Less your Direct Debit & Online Discount
  • HappyMJ
    HappyMJ Posts: 21,115 Forumite
    10,000 Posts Combo Breaker
    Electr0n wrote: »
    Appologies , those values were from an out of date txt file i have from a previous year. I have just checked my online last bill and here are some updated info ..

    YOUR ELECTRICITY BILL

    Your Tariff is Economy 10

    14 Sep 2011 - 13 Nov 2011

    Off-peak energy units 375 at 7.03p each
    Standard energy units 358 at 14.11p each
    Standing charge at 26.430p a day

    Less your Direct Debit & Online Discount
    Thank you. I thought I was going mad for a minute there. That tariff is the northern region. Have you thought about switching to a standard tariff? You could get all your units at 10.25p/kWh with a 22p daily standing charge. EDF fix to March 2013 tariff northern region.

    375 @ 7.03p is £26.36
    358 @ 14.11p is £50.51
    60 days @ 26.43p is £15.86
    Total £92.73

    Or....

    733 @ 10.25p is £75.13
    60 days @ 22p is £13.20
    Total £88.33

    Plus VAT and less discounts....

    You would save £4.40 on the pre VAT/discount rate over those 2 months and have no restrictions on when you can use electricity.

    I have never found an E10 rate that makes using E10 actually worth using.
    :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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