Gas and Electricity Guide
|Do you want to know more about economy 7? Fair enough. Energy is one of the biggest household expenses. You will have noticed energy prices rising rapidly over the past few years. Knowing more about gas and electricity will enable you to reduce your bill.energyhelpline.com can help you compare energy prices and switch to the cheapest supplier, which could save you hundreds of pounds. If you’ve got any questions, you can phone our call centre which is UK-based and free to call.|
Economy 7 is a tariff offered by UK electricity companies. With Economy 7, you pay a different amount for your electricity according to the time of day. Economy 7 customers pay a cheaper rate during the off-peak night time, which a 7 hour period, hence the name of the tariff. The discount hours are usually 12pm to 7am during winter, and 1am to 8am in summer, although this can vary by supplier and region, so it is best to check with them directly.
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To cut your bills with economy 7, you will need to schedule at least 20% of your energy consumption during the cheap night time period. Economy 7 users often set their boilers and night storage heaters to automatically switch on during the cheaper night-time period. With economy 7, it is also wise to operate appliances such as washing machines and dishwashers during the night.
Households using the economy 7 tariff require a special meter which shows two different readings – one for the day and one for the night. The wiring in the house does not need to be altered – but you may have to get the special economy 7 meter fitted. To save money with economy 7, your appliances require the intelligence to turn themselves on and off at the right times.
If you are already on an economy 7 tariff, you could save money simply by switching to a different supplier. You can compare economy 7 tariffs using energyhelpline.com. If you don’t have an economy 7 meter, you’ll need to have one installed, and then you can compare rates with energyhelpline.com and switch online.