Economy 7 rates up 30% and 56%?!?

Officer_Dibble

Good work. Interesting that UW is cheaper than Octopus for both day and night rates, so every individual customer would be better off with UW (ignoring the SEG rate) whatever their assumed time of use mix. In all other comparisons I can see (apart from the dodgy EDF tariff) if the night time rates are lower the day rates are higher and vice versa. I can't help wondering if Octopus need to check their workings.

stephen1983_2

Thank you! Definitely - in simple terms the cheapest supplier to go with is UW unless your off peak usage is very high, in which case SP are the cheapest. I think they all need to check their workings... this is a massive increase across the board. Obviously this is all based on south east, i'm guessing there will be variations across the regions.

ariarnia

Officer_Dibble said:

Good work. Interesting that UW is cheaper than Octopus for both day and night rates, so every individual customer would be better off with UW (ignoring the SEG rate) whatever their assumed time of use mix. In all other comparisons I can see (apart from the dodgy EDF tariff) if the night time rates are lower the day rates are higher and vice versa. I can't help wondering if Octopus need to check their workings.

can you sign up for UW without having to take out bundled products like phone plans or whatever? that always put me off as they were overpriced. 

Officer_Dibble

ariarnia said:

Officer_Dibble said:

Good work. Interesting that UW is cheaper than Octopus for both day and night rates, so every individual customer would be better off with UW (ignoring the SEG rate) whatever their assumed time of use mix. In all other comparisons I can see (apart from the dodgy EDF tariff) if the night time rates are lower the day rates are higher and vice versa. I can't help wondering if Octopus need to check their workings.

can you sign up for UW without having to take out bundled products like phone plans or whatever? that always put me off as they were overpriced. 

That might be the issue, if the UW rate is actually lower than the capped calculation because it's subsidised by other utilities. Comparing UW with everyone else though if the low rates's lower the high rate's higher (and vice versa), it's Octopus that stand out.

stephen1983_2

ariarnia said:

Officer_Dibble said:

Good work. Interesting that UW is cheaper than Octopus for both day and night rates, so every individual customer would be better off with UW (ignoring the SEG rate) whatever their assumed time of use mix. In all other comparisons I can see (apart from the dodgy EDF tariff) if the night time rates are lower the day rates are higher and vice versa. I can't help wondering if Octopus need to check their workings.

can you sign up for UW without having to take out bundled products like phone plans or whatever? that always put me off as they were overpriced. 

Yep you can just take their energy and nothing else. If you take their other products then all this does is lower the standing charge (i've checked and tried different ways!) and not the actual price per kw.

bristolleedsfan

stephen1983_2 said:

 unless your off peak usage is very high, in which case SP are the cheapest. 

You agreed EDF cheapest off peak rate for normal E7 meter

https://forums.moneysavingexpert.com/discussion/comment/79742187/#Comment_79742187

stephen1983_2

sorry again! i've updated the EDF rates in the table - so yes if you're on a normal E7 meter then if your off peak usage is anything more than 50% then EDF are cheapest for you in the south east region:

supplier	£ kw peak	£ kw off peak
edf	0.5497	0.0679	cheapest if off peak usage is 50% or more
scottish power	0.5054	0.1295
british gas	0.49426	0.145
eon next	0.478	0.168
utility warehouse	0.44072	0.16975
octopus	0.4687	0.1802
evo	0.4182	0.2499

pensionpawn

I'm just about to migrate to single rate after over 26 years as an E7 customer. That's because I now need over 41% night use and we've always been bubbling just under 30% via the dishwasher, washing machine / dryer and under floor heating. I have nothing else that I can usefully run over night and so will now run these appliances during the day, when convenient to me. So is E7 now solely the reserve of EV / battery owners?

Mstty

pensionpawn said:

I'm just about to migrate to single rate after over 26 years as an E7 customer. That's because I now need over 41% night use and we've always been bubbling just under 30% via the dishwasher, washing machine / dryer and under floor heating. I have nothing else that I can usefully run over night and so will now run these appliances during the day, when convenient to me. So is E7 now solely the reserve of EV / battery owners?

As a general rule I always though to make it worthwhile you had to be nearer 40% of use over night.

pensionpawn

Mstty said:

pensionpawn said:

I'm just about to migrate to single rate after over 26 years as an E7 customer. That's because I now need over 41% night use and we've always been bubbling just under 30% via the dishwasher, washing machine / dryer and under floor heating. I have nothing else that I can usefully run over night and so will now run these appliances during the day, when convenient to me. So is E7 now solely the reserve of EV / battery owners?

As a general rule I always though to make it worthwhile you had to be nearer 40% of use over night.

When I first adopted E7 the threshold was much lower (~20%). In the pre EV / battery days (1990's) the idea was to tempt most families to run the washing machine / dryer and dishwasher overnight. If you didn't have gas (which we do) heat your water tank and your storage radiators too. We have around 7.5 kWs of UFH so we would use the last hour of E7 to neutralise the floors Nov - Feb inc, however UFH would be switched off May - Sep inc. As the threshold has slowly moved up inertia has kept us on E7 however at 41% that last straw has broken the camel's back, for us. What we'll be interested in is how many will migrate like we will and how much load will that shift to the day?