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1£ Coin electricity meter
Hi all
I've just rented a bedsit I like a lot but the only drawback i found is that the electricity is paid through and old 1£ Coin electricity meter . LL said its quite economic and i wont be paying a lot. Heating is central for heaters and hot water. So energy i will be using will be pretty much microwave , oven , fridge, 2 bulbs and laptop .
The meter is set at rate B I was trying to made sense of that and i think it gives you 8 units per coin. Any experience and thoughts? Ive attached the picture of the meter .
Thank you .
I've just rented a bedsit I like a lot but the only drawback i found is that the electricity is paid through and old 1£ Coin electricity meter . LL said its quite economic and i wont be paying a lot. Heating is central for heaters and hot water. So energy i will be using will be pretty much microwave , oven , fridge, 2 bulbs and laptop .
The meter is set at rate B I was trying to made sense of that and i think it gives you 8 units per coin. Any experience and thoughts? Ive attached the picture of the meter .
Thank you .

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Comments
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1) Keep a little supply of £1 coins handy
2) You'll be paying at £1 for 8 units at the meter, but actually charged a different rate over time by the electricity company (which will be less than £1 for 8 units). Every now and then they will come and read the meter, empty the coins out, and you'll at that stage find out how much you've overpaid for the units you have used (they give you the money back). I once got back £300
3) You can probably find out from the electric company what the actual real rate per unit is, and when the next reading/collection is due1 -
Reminds me of the old Buy as You View tv my Nanny used to have, £1 would give her 8 hours of TV & as tehone says above it got emptied she got a load of £1 coins back.1
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tehone said:1) Keep a little supply of £1 coins handy
2) You'll be paying at £1 for 8 units at the meter, but actually charged a different rate over time by the electricity company (which will be less than £1 for 8 units). Every now and then they will come and read the meter, empty the coins out, and you'll at that stage find out how much you've overpaid for the units you have used (they give you the money back). I once got back £300
3) You can probably find out from the electric company what the actual real rate per unit is, and when the next reading/collection is due1 -
stewie_griffin said:tehone said:1) Keep a little supply of £1 coins handy
2) You'll be paying at £1 for 8 units at the meter, but actually charged a different rate over time by the electricity company (which will be less than £1 for 8 units). Every now and then they will come and read the meter, empty the coins out, and you'll at that stage find out how much you've overpaid for the units you have used (they give you the money back). I once got back £300
3) You can probably find out from the electric company what the actual real rate per unit is, and when the next reading/collection is due0 -
tehone said:1) Keep a little supply of £1 coins handy
2) You'll be paying at £1 for 8 units at the meter, but actually charged a different rate over time by the electricity company (which will be less than £1 for 8 units). Every now and then they will come and read the meter, empty the coins out, and you'll at that stage find out how much you've overpaid for the units you have used (they give you the money back). I once got back £300
3) You can probably find out from the electric company what the actual real rate per unit is, and when the next reading/collection is due
if it’s electric and 12.5p per unit it’s not a rip off.1 -
As it goes 12.5p per unit and presuming no standing charge is pretty good price wise at present,area dependent of course.
Looking at that meter the A rate is 4 times more than the B rate,50p per unit!.
Keeping a quantity of £1 coins is likely to get real old real quick though.1 -
tehone said:1) Keep a little supply of £1 coins handy
2) You'll be paying at £1 for 8 units at the meter, but actually charged a different rate over time by the electricity company (which will be less than £1 for 8 units). Every now and then they will come and read the meter, empty the coins out, and you'll at that stage find out how much you've overpaid for the units you have used (they give you the money back). I once got back £300
3) You can probably find out from the electric company what the actual real rate per unit is, and when the next reading/collection is due1 -
Don't forget no standing charge either, so a bargain. One wonders if the landlord is actually making a loss on the deal?
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Blimey that takes me back. I remember having one of those in the house we lived in when I was a young child
I thought they were a thing of the past now!1 -
It seems to be set at 6.0 units for £1, i.e. 16.67p/kWh. Assuming you're not paying a standing charge, that's not too unreasonable.It's very easy to check the rate. Wait until the lights go out, then read the meter. Insert £1, wait for the lights to go off again, read the meter again and see how many kWh have been clocked up. The photo shows a reading of 17288.65kWh.1
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