Eco7 to standard rate

vicki84

Hi

I have been looking at my bills and calculating costs and my economy 7 rate is no longer suitable for me because I am using less then the recommended percentage at night.

I am looking at switching to a standard rate I currently have a meter that shows day/night would I need this switching or is it okay to add both readings together?

Thanks

Gerry1

Many companies will happily add the two readings together and charge at the single rate tariff but some such as Bulb will not. Some companies such as Yorkshire Energy can still be cost effective even with low night time usage, so shop around and keep the E7 meter to have the most choice in the future.

JuneS

vicki84 wrote: »

Hi

I have been looking at my bills and calculating costs and my economy 7 rate is no longer suitable for me because I am using less then the recommended percentage at night.

I am looking at switching to a standard rate I currently have a meter that shows day/night would I need this switching or is it okay to add both readings together?

Thanks

I don't understand what you mean by not using the recommended percentage at night. What is the recommended percentage and wherte does it come from? Surely it's all about cost?
No it is not ok to add the 2 readings together.
Contact your supplier who will explain what you need to do to be charged at peak rate all day, every day. :cool:

stewie_griffin

Lets say the unit prices on an E7 tariff are 16p on the day rate and 8p on the night rate. On the equivalent standard tariff the unit price is 12p. If you were only using 10% overnight then it would be cheaper to be on a standard rate.

If your supplier supports standard rate tariffs with E7 meters then you still give both meter readings but they charge you the same price for both.

The standing charge on E7 tariffs is often a bit higher as well.

poorlad

JuneS wrote: »

I don't understand what you mean by not using the recommended percentage at night. What is the recommended percentage and wherte does it come from? Surely it's all about cost?
No it is not ok to add the 2 readings together.
Contact your supplier who will explain what you need to do to be charged at peak rate all day, every day. :cool:

Sorry got to disagree here.

It's absolutely fine to use a 2 rate meter as 1 rate by adding the consumption from each register together. The supplier will just apply the same price to each register.

Talldave

poorlad wrote: »

Sorry got to disagree here.

It's absolutely fine to use a 2 rate meter as 1 rate by adding the consumption from each register together. The supplier will just apply the same price to each register.

I totally agree with you and Gerry1's statement that many companies allow it (I never encountered one that wouldn't in decades of switching) but wait for the regular troll to turn up and lay into you for speaking the truth!

When I was with Yorkshire Energy earlier this year the E7 break even point was just 15% night time use which I found easy to achieve just by putting the dishwasher on overnight .

Biscuit_Tin

stewie_griffin wrote: »

Lets say the unit prices on an E7 tariff are 16p on the day rate and 8p on the night rate. On the equivalent standard tariff the unit price is 12p. If you were only using 10% overnight then it would be cheaper to be on a standard rate.

If your supplier supports standard rate tariffs with E7 meters then you still give both meter readings but they charge you the same price for both.

The standing charge on E7 tariffs is often a bit higher as well.

Alternatively,

Lets say the unit prices on an E7 tariff are 12p on the day rate and 8p on the night rate. On the equivalent standard tariff the unit price is 16p. If you were only using 10% overnight then it would be more expensive to be on a standard rate.

If your supplier supports standard rate tariffs with E7 meters then you still give both meter readings but they charge you the same price for both. i.e more
But not many suppliers will do that, so you will need a mter change. That many set you back a furt £50 or more! :eek:

The standing charge on E7 tariffs is often a bit higher as well.
And sometimes it's the same.
But lets assume its cheaper :rotfl:

When all is said and done, do not assume! (ask google why not )
Consult a comparison site instead, and then use facts to make a decision.

Biscuit_Tin

poorlad wrote: »

Sorry got to disagree here.

It's absolutely fine to use a 2 rate meter as 1 rate by adding the consumption from each register together. The supplier will just apply the same price to each register.

No wonder so many people are having issues with the independent meter redaing agency when switching supplier, if others think like you.

Still, that's a new user name to me to add the list. How many are there?)
(But then I wasn't even around here the last time that account was used :cool:)

stewie_griffin

Biscuit_Tin wrote: »

Alternatively,

Lets say the unit prices on an E7 tariff are 12p on the day rate and 8p on the night rate. On the equivalent standard tariff the unit price is 16p. If you were only using 10% overnight then it would be more expensive to be on a standard rate.

If your supplier supports standard rate tariffs with E7 meters then you still give both meter readings but they charge you the same price for both. i.e more
But not many suppliers will do that, so you will need a mter change. That many set you back a furt £50 or more! :eek:

The standing charge on E7 tariffs is often a bit higher as well.
And sometimes it's the same.
But lets assume its cheaper :rotfl:

When all is said and done, do not assume! (ask google why not )
Consult a comparison site instead, and then use facts to make a decision.

I'm fully aware of that thank you very much. I was simply answering the question in the previous post.

Out of interest which supplier currently offers an E7 tariff on which the day rate is cheaper than on the equivalent one rate tariff?

Gerry1

Biscuit_Tin wrote: »

Lets say the unit prices on an E7 tariff are 12p on the day rate and 8p on the night rate. On the equivalent standard tariff the unit price is 16p. If you were only using 10% overnight then it would be more expensive to be on a standard rate.

You've got your wires crossed in several respects ! Almost invariably the day rate on E7 is higher than the equivalent single rate. Can you name a supplier who offers E7 with a lower day rate?

The break even point is often night use of 30% - 40%, so if you don't have storage heaters E7 may well work out more expensive.

Biscuit_Tin wrote: »

But not many suppliers will do that, so you will need a meter change. That many set you back a further £50 or more! :eek:

I've never had a problem. Some are cheaper with E7 rates, some are cheaper with single rate, I just do the sums and go with E7 or single rate as appropriate. I'd never change to a single rate meter unless the whole market operated as a cartel and everyone's E7 rates were more expensive at low levels of night usage.