Economy 7 help

newlywed

We are thinking of not having economy 7 anymore, we currently use 20% of our elec on night rate (no storage heaters or immersion). But we will need to switch suppliers as our current supplier require a letter from an electrician or landlord to say there’s no storage heaters before they will put you on a new meter for a single tariff…

when we were with edf they just gave us a combined tariff so day and night rate cost the same and no new meter was needed.

just waiting for the svr rates to be published for prepay to calculate my actual costs and savings.

QrizB

newlywed said:

We are thinking of not having economy 7 anymore, we currently use 20% of our elec on night rate (no storage heaters or immersion).

Depending on your tariff. 20% is probably enough that it's worth staying on E7.

Has your supplier told you the rates that will apply from October, and if so can you share them here?

macman

newlywed said:

We are thinking of not having economy 7 anymore, we currently use 20% of our elec on night rate (no storage heaters or immersion). But we will need to switch suppliers as our current supplier require a letter from an electrician or landlord to say there’s no storage heaters before they will put you on a new meter for a single tariff…

when we were with edf they just gave us a combined tariff so day and night rate cost the same and no new meter was needed.

just waiting for the svr rates to be published for prepay to calculate my actual costs and savings.

Who is this supplier please? That request is just absurd. It's no concern of theirs how you heat or hot water the property.

MWT

macman said:

newlywed said:

We are thinking of not having economy 7 anymore, we currently use 20% of our elec on night rate (no storage heaters or immersion). But we will need to switch suppliers as our current supplier require a letter from an electrician or landlord to say there’s no storage heaters before they will put you on a new meter for a single tariff…

when we were with edf they just gave us a combined tariff so day and night rate cost the same and no new meter was needed.

just waiting for the svr rates to be published for prepay to calculate my actual costs and savings.

Who is this supplier please? That request is just absurd. It's no concern of theirs how you heat or hot water the property.

The mention of 'a new meter for a single tariff' has me wondering if their concern is that if you fit a 4-port smart meter to replace a standard E7 meter you potentially leave the customer without heating unless you do additional wiring which is probably out of scope for the guys doing meter swaps...

Most suppliers could easily fit a 5-port meter and then change it to single-rate of course...

newlywed

macman said:

newlywed said:

We are thinking of not having economy 7 anymore, we currently use 20% of our elec on night rate (no storage heaters or immersion). But we will need to switch suppliers as our current supplier require a letter from an electrician or landlord to say there’s no storage heaters before they will put you on a new meter for a single tariff…

when we were with edf they just gave us a combined tariff so day and night rate cost the same and no new meter was needed.

just waiting for the svr rates to be published for prepay to calculate my actual costs and savings.

Who is this supplier please? That request is just absurd. It's no concern of theirs how you heat or hot water the property.

Bulb.
nuff said
no rates info as yet.

we are on prepay keymeters, not smart.

macman

MWT said:

macman said:

newlywed said:

We are thinking of not having economy 7 anymore, we currently use 20% of our elec on night rate (no storage heaters or immersion). But we will need to switch suppliers as our current supplier require a letter from an electrician or landlord to say there’s no storage heaters before they will put you on a new meter for a single tariff…

when we were with edf they just gave us a combined tariff so day and night rate cost the same and no new meter was needed.

just waiting for the svr rates to be published for prepay to calculate my actual costs and savings.

Who is this supplier please? That request is just absurd. It's no concern of theirs how you heat or hot water the property.

The mention of 'a new meter for a single tariff' has me wondering if their concern is that if you fit a 4-port smart meter to replace a standard E7 meter you potentially leave the customer without heating unless you do additional wiring which is probably out of scope for the guys doing meter swaps...

Most suppliers could easily fit a 5-port meter and then change it to single-rate of course...

I still don't see how this can be any kind of statutory responsibility of the supplier though. In a new-build property, they'd presumably be installing the meters before any kind of electric heating was then installed, but they don't come back later to check that you've actually installed any heating before they've billed you.
AFAIK, their responsibility ends at the meter: what you connect or do not connect downstream of it is the customer's responsibility. Do any other suppliers adopt such a policy?

MWT

macman said:

MWT said:

macman said:

newlywed said:

We are thinking of not having economy 7 anymore, we currently use 20% of our elec on night rate (no storage heaters or immersion). But we will need to switch suppliers as our current supplier require a letter from an electrician or landlord to say there’s no storage heaters before they will put you on a new meter for a single tariff…

when we were with edf they just gave us a combined tariff so day and night rate cost the same and no new meter was needed.

just waiting for the svr rates to be published for prepay to calculate my actual costs and savings.

Who is this supplier please? That request is just absurd. It's no concern of theirs how you heat or hot water the property.

The mention of 'a new meter for a single tariff' has me wondering if their concern is that if you fit a 4-port smart meter to replace a standard E7 meter you potentially leave the customer without heating unless you do additional wiring which is probably out of scope for the guys doing meter swaps...

Most suppliers could easily fit a 5-port meter and then change it to single-rate of course...

I still don't see how this can be any kind of statutory responsibility of the supplier though. In a new-build property, they'd presumably be installing the meters before any kind of electric heating was then installed, but they don't come back later to check that you've actually installed any heating before they've billed you.
AFAIK, their responsibility ends at the meter: what you connect or do not connect downstream of it is the customer's responsibility. Do any other suppliers adopt such a policy?

I am not for one minute suggesting it is their responsibility, but suppliers installing 4-port meters have been bitten in the past by complaints about a lack of heating following their work.

The proper response is to install a 5-port meter when there is E7 in use with an immersion and/or NSH, which is why the particular words used bothered me, as the supplier should not be installing a 'new meter for a single tariff'...

sebtomato

newlywed said:

We are thinking of not having economy 7 anymore, we currently use 20% of our elec on night rate (no storage heaters or immersion). But we will need to switch suppliers as our current supplier require a letter from an electrician or landlord to say there’s no storage heaters before they will put you on a new meter for a single tariff…

when we were with edf they just gave us a combined tariff so day and night rate cost the same and no new meter was needed.

just waiting for the svr rates to be published for prepay to calculate my actual costs and savings.

Usually, you need 60% or more of your electricity to be used during off peak hours, for an off peak tariff to be beneficial.

It's difficult to come up with an exact percentage, as it depends on the rates applied.

While the off peak rate will be cheap, the peak rate will be higher.

Currently, you are paying a higher rate for 80% of your consumption.

MWT

sebtomato said:

newlywed said:

We are thinking of not having economy 7 anymore, we currently use 20% of our elec on night rate (no storage heaters or immersion). But we will need to switch suppliers as our current supplier require a letter from an electrician or landlord to say there’s no storage heaters before they will put you on a new meter for a single tariff…

when we were with edf they just gave us a combined tariff so day and night rate cost the same and no new meter was needed.

just waiting for the svr rates to be published for prepay to calculate my actual costs and savings.

Usually, you need 60% or more of your electricity to be used during off peak hours, for an off peak tariff to be beneficial.

For the SVT that is never true, the tariff caps are calculated on the assumption of 58% day 42% night use and at that percentage the E7 tariffs on average come in around 10% cheaper than the single-rate tariff.

Different suppliers will set their rates to either reward customer more for higher night rate use, but punish them more for lower night rate use or the other way around, so it is always worth looking at the individual numbers to figure out if one supplier is better than another for your particular mix of use, but it never requires 60% night use for it to be advantageous.

pensionpawn

I'm currently averaging 27.4% against a break even of 30.9% however I believe that this undershoot has only occurred during the recent explosion in energy costs over the last 18 months. However I'm not going to change to single tariff as there are signs that the evening rate could actually fall on 1st Oct (to encourage off peak use / reduce the potential for power shortages) and I am waiting for a Powerwall which in addition to soaking up free energy from my panels will time shift E7 into the day through the period of greatest electrical import.