Economy 10 - EDF

stephem

EDF have almost doubled their off peak rates for Economy 10 from 1st Jan from 8.57p per kwh to 16.67p. Admittedly it seems that 8.57p was a very low price, but this is still a massive increase. As we have storage heaters the vast majority of our electricity use during winter is off-peak, which means that our annual bill is estimated to increase by about 50%! Is anyone else in the same situation? Are there any other suppliers that offer Economy 10 with lower off-peak rates? Any other suggestions / advice, apart from ripping out our old storage heaters and replacing with a different system?

MattMattMattUK

stephem said:

EDF have almost doubled their off peak rates for Economy 10 from 1st Jan from 8.57p per kwh to 16.67p. Admittedly it seems that 8.57p was a very low price, but this is still a massive increase. As we have storage heaters the vast majority of our electricity use during winter is off-peak, which means that our annual bill is estimated to increase by about 50%! Is anyone else in the same situation? Are there any other suppliers that offer Economy 10 with lower off-peak rates? Any other suggestions / advice, apart from ripping out our old storage heaters and replacing with a different system?

Most people who are on E7/E10 with EDF will be in the same situation, EDF had incredibly low night rates in some regions, they have raised them, but they are now largely in line with their competitors, although still 20-30% lower in some regions. You might get better rates on E7 than on E10, but apart from that, just shop around between different suppliers to see who offers the best split of peak/off-peak rates based on your usage. 

dunstonh

EDF have almost doubled their off peak rates for Economy 10 from 1st Jan from 8.57p per kwh to 16.67p. Admittedly it seems that 8.57p was a very low price, but this is still a massive increase

Plenty of threads on this including one a few hours before yours.

As we have storage heaters the vast majority of our electricity use during winter is off-peak, which means that our annual bill is estimated to increase by about 50%

I think you must be mistaken unless you have virtually no peak use.
I just checked my use, which is 79% off peak and my cost would be going up from £2724.12 p.a. to £3,489.71 p.a. on that basis (I went for a fix to lock in the 8p rate).      At 79%  off peak, it is around a 25% increase in cost.

 Is anyone else in the same situation? 

Those with EDF Eastern who didn't fix when the rates were extraordinarily low.

 Are there any other suppliers that offer Economy 10 with lower off-peak rates? 

A few but not many and not by much.  EDF have reverted to typical range.  They were a dirt cheap outlier before.

Scot_39

My EOn E10 off peak rate is now 19.8p from 18p Oct to Dec, peak lower at c36p.

Edf rate c16.3 - but the peak rate c5p more at c41p vs c36p.

A win in winter a losing price split for me in summer when I last thought about switching.

(Given issues some with more standard e7 metering have had with edf billing, peak off peak meter vs tariff rate mismatches etc etc - decided at the time the small savings not worth the risk)

AFAIK very few suppliers are taking on new E10 customers.

There was a rumour in 1 or 2 posts - edf could be.

I was told years ago by EOn meter fitter E10 was only available to legacy customers - I was on EOn equivalent of dual meter RTS EMEB Heatwise before EOn now EOnNext E10. 

A tariff they have failed to support on newer smart meter upgrade according to one poster here who was moved to e7 - and despite takinb to ombudsman - nog sure ever got e10 restored.

stephem

Plenty of threads on this including one a few hours before yours.

I did do a quick search before posting, but didn't find anything, possibly because most previous threads relate to E7. This site is not the easiest to navigate.

I think you must be mistaken unless you have virtually no peak use.
I just checked my use, which is 79% off peak and my cost would be going up from £2724.12 p.a. to £3,489.71 p.a. on that basis (I went for a fix to lock in the 8p rate).      At 79%  off peak, it is around a 25% increase in cost.

We have very little peak use (bear in mind with E10 we get 5 hours off peak during the afternoon / evening). Quote from EDF's letter in Dec: "You currently spend £1,015.43. New spend from 1 January 2024 £1,501.14. Change in spend (over the next 12 months) £485.71." That's an increase of 47.83%.

Those with EDF Eastern who didn't fix when the rates were extraordinarily low.

I didn't know at the time that the rates were extraordinarily low, neither was I aware that you could fix E10 rates. Only remember standard variable rate being available for E10.

Scot_39

Yes - EOn Next AFAIK are the same - they offer nothing other than a variable tariff on E10 (as far as I am aware - havent asked for a while - any options offered in past bills have been SR or E7 based).

E10 is very much a legacy tariff - the vast majority of multi-rate meters are E7 - but there are many other legacy multirate tariffs -

It tracks the multirate cap - but not at around the nominal 42% split for E7 (i.e. it includes allowance for the extra 3 hours).  You pay for those extra 3 hours - in my case 5 hours of daytime off peak split 3 early afternoon and 2 late evening

I suspect I will need to upgrade my 3 old basic NSH if (or rather I suspect when - possibly with smets1 meter replacement looming) I lose E10. As my neighbours who were attracted by a cheap fix on switch to E7 had to c2019.  They fitted 4 new Quantums.

TheElectricCow

E10 is now considered a legacy tariff, supplies are no longer required to support it and I’ve not heard of any who are still open to new E10 customers. Realistically, you best options may well be to either stick with whatever rates they’re offering or to look into E7 to see if that could achieve lower overall costs.

Gerry1

Welcome to the forum.

You could consider E7 but you probably have old storage heaters that aren't High Heat Retention and would be cool by the evening.

If you own your property and plan to stay for some time it might be worthwhile upgrading to Dimplex Quantums on E7.  Not cheap to buy but lower running costs and more attractive to potential buyers.