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Extorting Economy 7 Users
I've just received an email, basically it just highlights that the energy price cap is a licence to print cash for economy 7 tarif users. Basically what its saying is that they can charge whatever they want as long as it equates to £2500 for an average home (a figure which is far too low for all electric users)
This now means that my day rate has jumped to 41p yes 41p. That means ive now to turn into nosferatu for i just cant afford to use anything through the day. They want their £2,500 and they want it bad any way they can.
Cap our unit prices now, I foresee illegal tree felling and fuel thefts on the horizon, hell community warm houses are already here. What a disgrace our country is in.
This now means that my day rate has jumped to 41p yes 41p. That means ive now to turn into nosferatu for i just cant afford to use anything through the day. They want their £2,500 and they want it bad any way they can.
Cap our unit prices now, I foresee illegal tree felling and fuel thefts on the horizon, hell community warm houses are already here. What a disgrace our country is in.
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Comments
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You have misunderstood the price cap, the EPG, and how E7 tariffs are calculated.
Your prices are capped - and they are nothing to do with the £2500 figure.
You can calm down now.9 -
Further to Deleted_User's post (although it is correct) … What's your heating setup? What's your usage split?1
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Tell you what - how about you swap YOUR day rate for MY day rate - at 44p a unit, Hmmm...? Is it extortionate - heck no - currently my average unit price is around 20p/kWh I think - because my night rate is just under 15p a unit, and my current split is 85/15% in favour of off-peak use. I'm expecting my annual bill this year to be somewhere around £1500 or a bit less so I would very much dispute the suggestion that all-electric households have to be costing a fortune!trouser said:I've just received an email, basically it just highlights that the energy price cap is a licence to print cash for economy 7 tarif users. Basically what its saying is that they can charge whatever they want as long as it equates to £2500 for an average home (a figure which is far too low for all electric users)
This now means that my day rate has jumped to 41p yes 41p. That means ive now to turn into nosferatu for i just cant afford to use anything through the day. They want their £2,500 and they want it bad any way they can.
Cap our unit prices now, I foresee illegal tree felling and fuel thefts on the horizon, hell community warm houses are already here. What a disgrace our country is in.
If you're finding you're using lots of energy-hungry stuff on the peak rate (think heating, tumble dryer, shower etc) then perhaps E7 isn't right for you? It's always going to work best when people transfer as much of their use as possible to the off-peak period.
How much do you use on each rate over a year?
🎉 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/her3 -
My day rate is going up to 51.92p/kWh which for me is really good news, because EDF achieve that by setting a low night rate which is going down to 5.88p/kWh and 95% of my use is at night. It's always been the case that you pay more for day rate electricity on E7 than you would if you were on a single rate tariff.
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I hate you...mmmmikey said:My day rate is going up to 51.92p/kWh which for me is really good news, because EDF achieve that by setting a low night rate which is going down to 5.88p/kWh and 95% of my use is at night. It's always been the case that you pay more for day rate electricity on E7 than you would if you were on a single rate tariff.
🎉 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/her3 -
I've just received an email, basically it just highlights that the energy price cap is a licence to print cash for economy 7 tarif users.Wrong. You have completely misunderstood.Basically what its saying is that they can charge whatever they want as long as it equates to £2500 for an average home (a figure which is far too low for all electric users)That isnt how it works.This now means that my day rate has jumped to 41p yes 41p. That means ive now to turn into nosferatu for i just cant afford to use anything through the day. They want their £2,500 and they want it bad any way they can.But you have a fantastic night rate. Many people are going to be better off under the new rates with that supplier.Cap our unit prices now, I foresee illegal tree felling and fuel thefts on the horizon, hell community warm houses are already here. What a disgrace our country is in.As is typical with many rants we see on here, there is a complete misunderstanding about these things.The market is still competitive with economy 7 users. There are some suppliers that have a small ratio difference and there are those that have a large ratio difference. The best supplier for someone with 80% night use will be different to the best supplier with someone with 45% night use.I really like that new EDF tariff and would be better off under it and may consider switching to it once I know the other's rates. If its not right for you then switch to a different supplier with a ratio that suits your use.It is far better to learn and understand the facts rather than remaining ignorant and ranting about it.
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.5 -
EDF economy 10 going up from 46.59p to 54.47p and reducing from 11.8p to 7p off peak 10 hours. Eastern region. On my annual usage makes it couple of quid more expensive per month. But 54p a unit!!0
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But 7p a unit!!!!PZ19 said:EDF economy 10 going up from 46.59p to 54.47p and reducing from 11.8p to 7p off peak 10 hours. Eastern region. On my annual usage makes it couple of quid more expensive per month. But 54p a unit!!5 -
Does anyone have a link to the upcoming EDF E7 standard tariff prices per region?0
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https://www.edfenergy.com/sites/default/files/government_energy_price_guarantee_prices._standard_variable_deemed_and_welcome._credit_meters.pdfSwipe said:Does anyone have a link to the upcoming EDF E7 standard tariff prices per region?
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