No Price Cap Support?

ariarnia

yes. if you could shift more of your use to night time then you would be quids in at that discount. 

but if you can't then calling them and asking to switch to the flat rate standard variable would be sensible i think. 

macman

To avid any doubt, how is the property heated and hot watered? E7 is most commonly used for houses with NSH's and an immersion heater, but some people can make it economical even with other forms of heating and DHW.
Was the bill you posted prior to the heating going on?

MWT

Deleted_User said:

That's less than 30p equivalent rate if my maths is correct - I'm surprised you got such a big discount on night units at that price.

Need to add the VAT, but even so that comes out just under 31p/kWh which is about right for E7 as it is intended to be a little cheaper than single-rate at the 58/42% day/night split.

However, as you say, with almost 90/10 split the OP really shouldn't be on E7, would be much cheaper on a single-rate tariff...

Slinger1010

macman said:

To avid any doubt, how is the property heated and hot watered? E7 is most commonly used for houses with NSH's and an immersion heater, but some people can make it economical even with other forms of heating and DHW.
Was the bill you posted prior to the heating going on?

Hello - well, this was the other wonderment… we have a fairly new house (2015) but only moved in this year, we have a large water tank ‘Megaflow unvented indirect’ system and a normal gas boiler (not a combi) I believe this system uses night-time electric to maintain the heat, whilst it’s a cheaper rate, which may be why this property is on that rate…? 

I may be way off, but the usage is still
minimal for us even if it is heating at night. Unless there is something we should additional we should be doing to maximise this system and night-rate combination… 

Yes, we have only started using the heating in November - is it worth waiting until we have the Nov statement, to compare them in some way? 

Many thanks! 

Slinger1010

Another caveat is that this is fixed for us until July 23 (£0 fee if we do need to switch though) From everyone’s calculations and advice, it sounds like we really should switch, even if rates from April 23 will increase, it sounds like we are still paying too much overall, taking potential April-onwards rates into consideration? 🙏🏻

Spoonie_Turtle

Slinger1010 said:

Another caveat is that this is fixed for us until July 23 (£0 fee if we do need to switch though) From everyone’s calculations and advice, it sounds like we really should switch, even if rates from April 23 will increase, it sounds like we are still paying too much overall, taking potential April-onwards rates into consideration? 🙏🏻

Indeed.  The whole reason for the E7 day rate being higher is because people are supposed to be getting the benefit of the lower night rate, but if you're not using much on night rate then you're not benefiting from it!

[Deleted User]

MWT said:

Deleted_User said:

That's less than 30p equivalent rate if my maths is correct - I'm surprised you got such a big discount on night units at that price.

Need to add the VAT, but even so that comes out just under 31p/kWh which is about right for E7 as it is intended to be a little cheaper than single-rate at the 58/42% day/night split.

However, as you say, with almost 90/10 split the OP really shouldn't be on E7, would be much cheaper on a single-rate tariff...

Doh!  Missing VAT again - not the first time I've done that.

QrizB

I'm going to agree with everyone else and say that, while you've got a fair E7 tariff, your use case (with a gas boiler for CH and DHW) means you'd be better off on a sin

Slinger1010 said:

Thank you all - it sounds like we are clearly on the wrong tariff. I don’t recall asking to be on this tariff when we moved in ...

Your smart meter will be recorded on the national database as having a dual-rate configuration, and so when you signed up for your electricity supply they will have offeted you a dual-rate tariff.

Before smart meters, the meter was set up as single- or dual-rate before installation and couldn't be changed without physically exchanging the meter. Smart meters can be switched from single-rate to dual-rate and back again over-the-air at your supplier's request, and so this is less of an issue.

Scot_39

Actual Annual Split - rather than wait for Winter monthly.

Check your bill and see if it contains an annual day / night split estimate ?

Rather than waiting for actual winter month bills - if they have been your supplier for a while EOn may will be giving a reasonable annual usage estimate - split day / night - check your tariff summary box.  (Mines changes monthly - looks pretty much like a running sum of the last 12 months).

That might give you a better estimate to make the switch decision.

Oops - just re read your later replies - and your July 23 fix - so maybe you weren't their last winter.

Actual Rates

Re others comments re rates - the  pre discount rates on my E10 are now c61p peak, c39p off peak.  So my day rate c44p after full discount, night c20p.

These aren't set relative to the Ofgem headline 52p ave, which is capped at c34p ave - but the Ofgem regional dual rate electric cap c49p here iirc - all of which are regional anyway.  

One Other Warning - Actual Home Wiring

E7 properties generally have dedicated circuits only active during the 7 hour E7 period.

And I am not clear what would happen to those circuits in the event of a change to SR tariff these days.

If say the hot water immersion / boost was on a night only feed - and that goes 24 hr - it might need a timer fitted.