Giving up my Economy 10 meter

BigMX5

We have an RTS meter which needs replacing

Our heating is an electric boiler with radiators.  We also have a log burner and use about 3,500 kw of electric a year - 2300 on night and 1200 on day.

After a lot of phone calls, spread sheets and discussion, we have decided to have our Economy 10 meter replaced with a single rate meter.

Our reasons are this:-

1. Economy 10 prices are increasing
2. We currently make good use of the cheap rate, but a lot of suppliers are not adjusting for BST which means waiting until 2pm to cook our lunch (main meal)
3. Flexibility with using appliances - no need to clock watch
4. There is more competition in single rate meters suppliers and the opportunity to fix
5. Cost will be about £50 a year more

We had our house rewired two years ago and the hot water is no longer connected direct to the E10 supply.  

Has anyone else done this?

Scot_39

Assuming you might still like to use heat in the afternoon or evening say - would you perhaps be better of on another TOU tariff - like say Octopus Cosy - which IIRC now allows electric boilers as well as ASHP style heating - yes just checked their website

"Shift your heat pump, electric boiler or other electricity use and save an extra £250 on your electricity bills."

https://octopus.energy/smart/cosy-octopus/

Have a look at their rates vs your e10 ratres.

You might be OK - but you would still have to be careful about timeshfiting out of its short peak window (4-7).  But otherwise it might suit better than sr or on e10 on rates and daily averages.

There are other TOU tariffs from other suppliers too - once you have a modern smart meter.

Oh and if the meter database shows you have a restricted circuit meter - they might fit a direct replacement - with a restricted feed.  That by sounds of things - you no longer need.  So you might want to have a discussion with them before they upgrade you.

Its not a biggy - but if your electrician did something in the meter cabinet - their is a small risk - the meter fitter could try to revert to type.  Say again driving the old restricted meter tail from a new retricted feed - but suspect most wouldn't do that - if pre warned.

Most common modern smart meters in UK now only bill by time - not by circuit (few have a second measurement circuit for the restricted feed only - the way some 2 meter set-ups like my old RTS did to separate the usage by time and circuit).

QrizB

Scot_39 has beaten me to it, but I was going to suggest Cosy Octopus too. It could be a good match to your electricity use.

BigMX5

We did look at Octopus cozy but they were quoting 43p a KW for 4 - 7 pm.  They didn't work out any cheaper.