electric prices single & e7 rate

Legacy_user

Hi can someone please help me understand why E7 day rate is more expensive than normal single rate electric.

And why the night rate is more expensive than the gas rate per unit, coz for me i class my night rate for heating like gas.

I seen somewhere few years ago saying that E7 was introduced as a way of selling electric over night as you could'nt just turn off coal fired power stations.

And why is nuclear power the same price as electric, gas and coal.

Am i missing something

molerat

Nuclear power is not the same cost as other fueled generation, it is just that the end user pays an averaged price per unit.

Gas and electric have different production costs, why should you pay gas prices for electricity ?

The higher price of day units is to balance the cheapness of night units and increase it's viability. If you paid standard rates for day units everyone would want E7 and the costs would increase.

Bark01

You only have day an night rates for Electricity. The cost is based on demand.

At night electricity costs less as demand decreases so there is a surplus of energy.

The ideas of offering cheaper rates when demand is low is to try and shift peoples usage pout of peak demand. In theory this reduces the total capacity of energy needed at any given point.