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E7 Meter Question
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marsman802
Posts: 558 Forumite
in Energy
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
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
0
Comments
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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.0 -
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?0 -
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?
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:Regular savers earn 6% interest (HSBC, First Direct, M&S)
Loans cost 2.9% per year (Nationwide) = FREE money.
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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.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.0 -
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...!0 -
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.0 -
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 laptop0
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