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OVO E7 day rate the same as standard rate?

Macc
Macc Posts: 212 Forumite
Part of the Furniture 100 Posts

I have an Economy 7 meter, I'm with OVO in the East Midlands.

I was going to switch to a flat rate after the recent E7 price changes as I don't use enough at night. When I went on to CS the guy was adamant I shouldn't switch as OVO's E7 day rate is currently the same as their standard rate - both 39.55p.

Is he correct? 

Comments

  • MikeJXE
    MikeJXE Posts: 3,971 Forumite
    1,000 Posts Third Anniversary Name Dropper
    I am with OVO and East Midlands variable tariff no economy 7

    my rates are 

    Electricity SC 43.58  kWh 31.44

    Gas SC 27.12. KWh 9.74
  • Macc
    Macc Posts: 212 Forumite
    Part of the Furniture 100 Posts
    Thanks.

    I did suspect he was talking rubbish but he was adamant! 
  • macman
    macman Posts: 53,129 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    If it were true, every customer would move to E7, as there would be no day-rate surcharge.
    No free lunch, and no free laptop ;)
  • pochase
    pochase Posts: 3,449 Forumite
    1,000 Posts Third Anniversary Name Dropper
    If the single rate would be identical to the day rate on E7 why would you anybody switch. 

    You pay the same during the day and you get cheaper night electricity, so you would lose by switching to single rate.

    Reality is that the day rate is always higher than single rate, otherwise everybody would take E7 if you cannot lose.
  • I'm on an energy group on Facebook and quite a few people have posted screenshots of E7 day rates within a penny or two of standard tariffs, so I can well believe this.
  • I'm on an energy group on Facebook and quite a few people have posted screenshots of E7 day rates within a penny or two of standard tariffs, so I can well believe this.
    And the night rates they have posted alongside those day rates would be...? 
    🎉 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 Calculator
    she/her
  • ChaunceyGardiner
    ChaunceyGardiner Posts: 313 Forumite
    Ninth Anniversary 100 Posts Name Dropper
    edited 14 January 2023 at 3:35PM
    I'm on an energy group on Facebook and quite a few people have posted screenshots of E7 day rates within a penny or two of standard tariffs, so I can well believe this.
    And the night rates they have posted alongside those day rates would be...? 
    Usually around 20p per kWh. If memory serves it's usually Bulb. No, they haven't switched to a single rate tariff, if that's what you're thinking.
  • ChaunceyGardiner
    ChaunceyGardiner Posts: 313 Forumite
    Ninth Anniversary 100 Posts Name Dropper
    edited 16 January 2023 at 1:40PM
    I'm on an energy group on Facebook and quite a few people have posted screenshots of E7 day rates within a penny or two of standard tariffs, so I can well believe this.
    And the night rates they have posted alongside those day rates would be...? 
    I've just seen another one, Bulb again. 33.793/22.118p peak/off-peak, excluding VAT.
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