Economy 7 electricity tariffs work alongside Economy 7 meters to provide a different price per kWh based on your time of use. These tariffs are based around day and night-time usage, with electricity being cheaper at night but more expensive than normal during the day. It's a good idea to compare energy regularly to see what the latest prices mean for you, even though there are fewer deals available.
Enter your postcode to get started. Economy 7 is a type of energy plan, used alongside Economy 7 meters, designed to help you save money on energy use during night-time hours. Economy 7 meters, which have to be specially installed, track day and night use of electricity separately, so that a different kWh rate can be offered via an Economy 7 tariff - a bit like peak and off-peak phone calls.
This can be a good way of saving money for energy customers. Economy 7 allows you to get cheaper electricity for seven hours each night. These tariffs use a different kind of electricity meter which, unlike a standard meter, can track the electricity you use during the day and at night separately. However, it could work for you if you tend to use more energy during the specified Economy 7 times.
Economy 7 could be a cheaper option for those who use more energy in the night than during the day. If you're on an Economy 7 tariff, on the other hand, you'll be charged more during the day and less during the allocated Economy 7 times. That means washing clothes or running the dishwasher is a more cost-effective thing to do outside of daytime hours if you have an Economy 7 meter.
With Uswitch, you can compare Economy 7 tariffs to find a cheaper deal. Below are the current cheapest Economy 7 plans that Uswitch can help you switch to. These are the cheapest Economy 7 tariffs in the UK based on average usage, so click 'compare now' to search fro the best Economy 7 tariff and prices tailored to you:. Prices are based on average bill sizes for a medium energy user on an Economy 7 plan paying by monthly direct debit, and averaged across all regions. This table is updated hourly from Uswitch's database of all Economy 7 plans on the open market that are available in at least 7 of 14 regions.
If you don't have Economy 7 energy but would like to switch to it you will need to go through the Economy 7 meter installation process. Switching from Economy 7 to standard feels straightforward, but you will need to contact your electricity supplier to find out more about the process.
This is because you will probably need to meet some acceptance criteria to make the switch. You may also have to have a new meter installed, which your energy supplier will often charge you for. In some circumstances you may be able to arrange to carry on using your Economy 7 meter when you switch to a standard tariff; again, your current supplier should be able to tell you if this is the case. When you do your comparison with Uswitch, we ask if you have Economy 7 - if you say that you do, we'll tailor your results so you only see relevant tariffs.
Compare Economy 7 prices now to find the best electricity prices for you. Economy 7 can save money for some households, but it is not the right electricity tariff for everyone. Some people with Economy 7 find that it makes their bills more expensive, because they don't use enough energy during their Economy 7 times.
Whether or not it will be cost-effective for you will depend on a number of different factors:. Some Economy 7 plans charge almost twice the standard night rate for any electricity used in the day, which can cancel out the benefits of the cheap electricity you get at night.
The more electricity you use at night and the less you use in the day, the more money you will save with Economy 7 energy. An Economy 7 tariff is best suited to people who have electric storage heaters and a hot water tank.
Change the account holder. Get your query resolved, now. Talk to an energy expert and have your query dealt with straight away. No messing about! Navigation What is Economy 7? How Economy 7 works How do you know if you have an Economy 7 meter? Is Economy 7 for gas or electricity? How to read your Economy 7 meter Economy 7 prepayment meters What are the Economy 7 times? Advantages and disadvantages of Economy 7 meters Smart Economy 7 meters Can you switch to a standard tariff? Work out how much you could save with an Economy 7 meter Making the most of Economy 7 Economy 10 meters What is Economy 7?
How does Economy 7 work? How will I know if I have an Economy 7 meter? Is Economy 7 available for gas or just electricity? How do I read my Economy 7 meter? What happens if I submit my Economy 7 meter reading the wrong way round? Can I have an Economy 7 prepayment meter? When are the cheap and expensive Economy 7 times? The Economy 7 times vary depending on your provider and where you live, however, the most common times for cheaper energy are: 11pm-6am Automatic meter readings!
If you need some more help This page was written by Polly Tyler I've loved writing since I was a child and have worked on a number of different projects since I left school, including journalism, copywriting, and marketing. Enter your number By submitting my details I agree to the conditions of Utility Switchboard's privacy policy and terms of use. Get a callback. Or call direct We use cookies on our website to give you the most relevant experience by remembering your preferences and repeat visits.
However, you may visit "Cookie Settings" to provide a controlled consent. For more information about how we treat your personal and aggregated data, please visit our cookies policy and privacy policy. Cookie Settings Accept All. Manage consent.
Close Privacy Overview This website uses cookies to improve your experience while you navigate through the website. Out of these, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website.
We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may affect your browsing experience. Necessary Necessary. Necessary cookies are absolutely essential for the website to function properly. Your new electricity meter will track the electricity you use both during the day and at night. Want to see how using energy at different times could also help you go more green?
Check out our guide to grid efficiency and how it could help you cut your carbon. An Economy 10 plan can include off-peak hours during the afternoon, evening or very early morning, as well as during the night. For example, the 7 off-peak hours could be from 11pm to 6am, 12 midnight to 7am, 1am to 8am or even 1.
Here at OVO they generally run from around midnight to around 7am with some slight regional variations. The hours usually change when the clocks go back or forward — so your Economy 7 times could be 1. Occasionally a supplier will divide the 7 hours into 2 or more periods. That means your electricity cost would alternate between the 2 rates during the night. But with an Economy 7 tariff, you'll be charged more during the day and less during Economy 7 times.
Once you have an Economy 7 meter installed, it can be set up with your chosen plan, to best suit your home and lifestyle. And if you need to swap between Economy 7 and a standard energy plan, you can even do this remotely once you have a smart meter.
This depends how much of your electricity you can use at night rather than during the day. Because the daytime rate is higher than normal to balance out the off-peak rate , some people find Economy 7 actually works out more expensive. So do check carefully before you commit to switching. It also depends what kind of heating and hot water system you have. Electric storage heaters and a hot water tank are the best combination for Economy 7. It can help to have your night storage heaters and hot water boiler wired on a separate circuit, which switches on when the night-time off-peak rate starts.
Paying too much for your energy? Compare our green energy plans to see whether you could save. Save money and the planet with OVO, and switch now.
You can also check by looking at your electricity meter — see below for more on that. Taking an Economy 7 meter reading depends on the type of meter you have. The first type has 2 displays.
0コメント