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How are Scottish Power charging me more than the price cap per unit?
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Normally, you dont need to change your meter to go onto a single rate tarrif. They just apply the same rate to both periods.I am an Independent Financial Adviser (IFA). The comments I make are just my opinion and are for discussion purposes only. They are not financial advice and you should not treat them as such. If you feel an area discussed may be relevant to you, then please seek advice from an Independent Financial Adviser local to you.1
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Don't judge it simply on the summer use. If you have electric storage heaters for the winter then E7 is probably right for you. If not then change to standard rates,1
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Why are you on E7 then? Presumably you’re not using it for heating - which is the normal reason for having it. Do you maximise things like appliances running on the cheap rate where you can? How about your immersion heater if you have one - do you have that on a timer overnight or do you just use it on boost on the day rate when needed?Aviendha said:I didn't think that they could put the price above the price cap even with the economy 7 meter. I know the night rate is cheaper but there isn't really much of a benefit to it since the amount of electricity we use during those hours is negligible.
E7 used well can definitely work out a lot more cost effective - we use around 75%+ of our electricity overnight and will be working towards trying to increase that level if at all possible this winter.🎉 MORTGAGE FREE (First time!) 30/09/2016 🎉 And now we go again…New mortgage taken 01/09/23 🏡
Balance as at 01/09/23 = £115,000.00 Balance as at 31/12/23 = £112,000.00
Balance as at 31/08/24 = £105,400.00 Balance as at 31/12/24 = £102,500.00
£100k barrier broken 1/4/25
Balance as at 31/08/25 = £ 95,450.00. Balance as at 31/12/25 = £ 91,100.00
SOA CALCULATOR (for DFW newbies): SOA Calculatorshe/her0
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