Storage heaters vs other heater

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Hello
I wonder if anyone could advise me.
I have bought a 1 bedroom top floor (3rd floor) older property (1965) of which i have had the old storage heaters removed only x 2 because they were old and inefficient.
I have phoned the electric company who have told me the lower rate tarrif for electric is from 1pm - 4pm at night and throughout the day i am on a higher rate than standard.
I am currently using oil heaters to heat the property but this is prooving expensive.
I am considering installing modern storage heaters with theromstat to make use of the overnight tarrif, or get the lower tarrif removed so i can be on standard rate electric and use alternative electric heaters.
I also have my hot water heated, but there is no timer or theromstat.
Has anyone got any advice or had a similar situation as its a bit of a mine filed.
Many thanks for any help
Emma

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  • Cisco001
    Cisco001 Posts: 4,019 Forumite
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    how many people in the flat?
    If it is only yourself, you could consider electric heated throw. Not the best solution, but cheaper than heater.
  • Cardew
    Cardew Posts: 29,037 Forumite
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    Welcome to the forum.


    Firstly I am not aware of any tariff that gives a lower rate for only 3 hours at night(you state 'between 1pm and 4pm' - I assume you mean am?


    An Economy 7 tariff, as the name implies, gives 7 hours at off-peak rate. The times vary across the country but it is generally a 7 hour period between 11:30pm and 08:30am.


    You are correct that there is a premium to pay on the other 17 hour's supply.


    There is no question that storage heating is the cheapest method in all-electric properties. Although there are many dubious adverts that claim their heaters filled with some exotic materials are cheaper - they ain't!


    As you point out you can heat your hot water during the cheap rate period, and depending on how your flat is wired have appliances such as dryers/dishwasher etc on overnight.


    It is most important if you are on Economy 7 to find the cheapest tariff/company as there is a huge discrepancy in prices.
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