We're aware that some users are experiencing technical issues which the team are working to resolve. See the Community Noticeboard for more info. Thank you for your patience.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!

E7 Meter Question

Options
Hi

I had an engineer come round because I didn't think my 2 rate electric meter was working correctly.

He then told me when he looked at it he didnt think I should have one because I don't have a storage heater anyway so no way I'd be better off with a 2 rate meter.

The house used to have a storage tank once upon a time but this was taken out prior to us moving in and a combi boiler installed instead.

He told me I could go back to my supplier and ask them to change this and if I got to a single rate meter I would be 15-20% better off than what I would currently be.

Is that right and any tips on pushing the issue with nPower as I don't think they'd be keen on this!!

thanks
marsman802

Comments

  • rogerblack
    rogerblack Posts: 9,446 Forumite
    It's likely, yes. You may have to change your meter, and it may cost.
    'no way' - this is somewhat debatable.
    Dig out your bills.
    Find out what you used (in kWh) for last year both at normal and cheap-rate.
    Put this into a comparison site such as http://uswitch.org/ and then search for the cheapest offer on economy 7.
    Repeat this excercise for the cheapest offer on a 'normal' tariff with the total number of units.
    See which is cheaper for you.
  • Hi roger!

    thanks for that. I'm in a position of advantage actually because the current two rate meter is not clocking round on the night meter and the engineer told me its no good so I could use this to get a new meter out of npower free of charge.

    So currently I have no sight of the night rate and he reckons everything is going through the day rate.

    in that case I would surely save wouldn't I?
  • HappyMJ
    HappyMJ Posts: 21,115 Forumite
    10,000 Posts Combo Breaker
    marsman802 wrote: »
    Hi roger!

    thanks for that. I'm in a position of advantage actually because the current two rate meter is not clocking round on the night meter and the engineer told me its no good so I could use this to get a new meter out of npower free of charge.

    So currently I have no sight of the night rate and he reckons everything is going through the day rate.

    in that case I would surely save wouldn't I?
    Not necessarily. If your night rate meter register is faulty then you got 7 hours of free electricity at night. If it had been working then it would have cost you around 12p/kWh on a standard rate.

    It seems strange but I do not have storage heating but I do heat water at night and I still save with E7 electricity over standard electricity. So it depends on your day/night split if you would have saved or not. In any case the difference isn't that much. The issues where big bills are generated is where the day/night readings are read the wrong way around and then corrected and back billed.
    :footie:
    :p Regular savers earn 6% interest (HSBC, First Direct, M&S) :p Loans cost 2.9% per year (Nationwide) = FREE money. :p
  • Hi,
    marsman802 wrote: »
    The house used to have a storage tank once upon a time but this was taken out prior to us moving in and a combi boiler installed instead.

    The main advantage of E7 is for electric storage heating, nothing to do with a storage tank.
    HappyMJ wrote: »
    Not necessarily. If your night rate meter register is faulty then you got 7 hours of free electricity at night. If it had been working then it would have cost you around 12p/kWh on a standard rate.

    Not necessarily, could be that it was all going through day rate.
  • ok thanks guys. I'll try and clarify just where all the usage is going - the engineer thought it was all going through the day rate (as did npower) but obv I want to confirm that before anything changes!

    The engineer told me to tell npower a friend told me not him lol as it could cost them quite a bit if the single rate is cheaper...!
  • Hi,

    the single rate will be cheaper per day unit, but it will depend on your day/night usage whether overall it is cheaper for you.

    Go on to your supplier web site and get their prices for E7 and standard, and compare.
  • macman
    macman Posts: 53,129 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    You don't necessarily have to change the meter to switch to a single rate tariff-many suppliers will just total the readings from a dual rate meter.
    Unless you are using around 30% on cheap night rate, it's unlikely that E7 will save you anything.
    Until you dig out your annual % figures for each rate, no one can really tell.
    No free lunch, and no free laptop ;)
This discussion has been closed.
Meet your Ambassadors

🚀 Getting Started

Hi new member!

Our Getting Started Guide will help you get the most out of the Forum

Categories

  • All Categories
  • 351K Banking & Borrowing
  • 253.1K Reduce Debt & Boost Income
  • 453.6K Spending & Discounts
  • 244K Work, Benefits & Business
  • 598.9K Mortgages, Homes & Bills
  • 176.9K Life & Family
  • 257.3K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 16.1K Discuss & Feedback
  • 37.6K Read-Only Boards

Is this how you want to be seen?

We see you are using a default avatar. It takes only a few seconds to pick a picture.