Economy 7 meter. Should I change to a single tariff?

bflare

Moved into my new home this month & on checking the meter I discovered there were two readings. I googled this & realized I must have an economy 7 meter & on looking at my Tariff this was confirmed being on the EDF E7 tariff. I have asked EDF if it's possible to change meters & they have said they can offer to change me to a single tariff using a totalizer. I just wanted to make sure that this was a better option before I tell them to go ahead. I cannot see any benefits of staying on an economy 7 tariff as I have no storage heaters. 

QrizB

bflare said:

I cannot see any benefits of staying on an economy 7 tariff as I have no storage heaters. 

Do you have anything else that might benefit from off-peak electricity? For example, do you heat your water with electricity or do you have an electric vehicle?

Exactly how is your new home heated?

jimexbox

Probably not, although I don't have storage heaters and I'm on a E7 tariff. I can move enough of my usage to take advantage of the cheaper night rate. 

Its a lot easier if you have a year or more usage figures and can work out yourself the KWh price for combined v E7. Otherwise its just a guess. 

bflare

QrizB said:

bflare said:

I cannot see any benefits of staying on an economy 7 tariff as I have no storage heaters. 

Do you have anything else that might benefit from off-peak electricity? For example, do you heat your water with electricity or do you have an electric vehicle?

Exactly how is your new home heated?

Not really. I am a single parent so I am at work all day & my Son arrives home from school around 3 pm. My heating is gas via combi boiler. I do a wash around 3 times per week & my washing machine has an energy rating of A,

Gerry1

Keep the E7 meter but switch to single rate.  Make sure the immersion heaters are left switched off, find out your exact E7 times by seeing when the meter switches over (check GMT/BST, beware of a possible two hour day rate gap overnight), keep recording and sending monthly readings, do the sums and revert to E7 if it works out cheaper. That's it !