Trystan Casey
If you're looking to save on your electricity bill, you might want to consider switching to a time-of-use tariff, which offers cheaper rates during off-peak hours when demand is lower. E.ON offers several time-of-use tariffs, including Economy 7 and Economy 10, which provide seven and ten hours of cheaper electricity rates, typically during the night. For example, with Economy 7, you can expect lower rates between midnight and 7 am, while Economy 10 might offer cheaper rates between 10 pm and 6 am. These tariffs are particularly beneficial for households with high electricity usage during off-peak hours, such as those with storage heaters, electric vehicles, or heat pumps. By shifting your energy consumption to off-peak hours, you can not only reduce your energy costs but also contribute to a more sustainable energy system by reducing peak demand stress on the national grid.
| Characteristics | Values |
|---|---|
| Off-peak times | Typically between 10 pm and 8 am |
| Cheapest off-peak times | Late at night until early morning |
| Tariff options | Economy 7, Economy 10, Next Drive, Next Pumped, Next Smart Saver |
| Economy 7 | 7 hours of cheaper electricity, typically between midnight and 7 am |
| Economy 10 | 10 hours of cheaper electricity, for example, between 1 pm and 4 pm, 8 pm to 12 am, and 4 am to 7 am |
| Next Drive | Cheaper rates for EV charging between 12 am and 6 am |
| Next Pumped | Cheaper rates for heat pumps between 10 pm and 6 am |
| Next Smart Saver | Cheaper rates during off-peak hours, from 5 am to 4 pm and 7 pm to 2 am, with super off-peak rates between 2 am and 5 am |
| Requirements | Smart meter or dual-rate meter |
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What You'll Learn
Off-peak tariffs
E.ON offers several off-peak tariffs, including Economy 7 and Economy 10, which are time-of-use tariffs. Economy 7 offers seven hours of cheaper electricity, typically between midnight and 7 am, while Economy 10 provides ten hours of off-peak rates, for example, between 1 pm and 4 pm, 8 pm to 12 am, and 4 am to 7 am. These tariffs are suitable for households that use a significant amount of electricity at night and have storage appliances like hot water tanks or storage heaters.
E.ON also provides specialised off-peak tariffs for electric vehicle (EV) owners and those with heat pumps. The Next Drive tariff for EV owners offers lower rates for charging between 12 am and 6 am, while the Next Pumped tariff is designed for heat pump owners, offering greater savings during off-peak hours, typically from 10 pm to 6 am. These tariffs can provide significant savings for those with electric vehicles or heat pumps by aligning their energy usage with cheaper off-peak rates.
It's important to note that off-peak tariffs may not always result in cheaper bills. The actual savings depend on your energy usage patterns. To benefit financially from off-peak tariffs, it is estimated that at least 40% of your electricity usage should occur during off-peak hours. Therefore, it's crucial to understand your energy consumption habits and choose a tariff that aligns with them. Additionally, some tariffs may have steep daytime rates, so it's essential to consider both peak and off-peak rates before signing up.
By utilising off-peak tariffs and shifting energy-intensive tasks to off-peak hours, such as running the dishwasher, washing machine, or using storage heaters, households can make significant savings on their electricity bills. However, it requires a conscious effort to align energy usage with off-peak times and may not suit every household's routine.
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Economy 7 and Economy 10
E.ON offers a range of tariffs designed to help customers make the most of off-peak electricity, allowing them to take control of their energy costs and reduce their carbon footprint. Off-peak electricity is when you pay a lower rate for electricity during certain hours of the day, typically at night. During the daytime, you will be charged a higher rate.
The Economy 7 tariff offers seven hours of cheaper electricity, typically between midnight and 7 am. This tariff is suitable for those who use a lot of energy during the night, such as those with storage heaters or electric vehicles. However, daytime rates can be steep, so it is important to ensure that you use at least 40% of your electricity at night to make the most of this tariff.
The Economy 10 tariff is similar to Economy 7 but offers ten hours of cheaper electricity. It provides the same seven hours of cheaper electricity during the night as Economy 7, but it also gives you access to three additional hours of cheaper electricity during the day. This tariff may be more appealing than Economy 7, but standing charges can be higher.
To qualify for either the Economy 7 or Economy 10 tariff, you will need a smart meter that communicates with E.ON. This meter will allow you to switch between tariffs without the need to change your energy meter. A smart meter will also give you real-time insights into your energy use, empowering you to make informed decisions and take control of your energy spending.
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Smart meters
The smart meter installation process is straightforward. E.ON customers can book an appointment online or over the phone. On the day of installation, a technician will arrive, introduce themselves, and check the mobile signal to ensure communication with the smart meter. They will then set up the in-home display (IHD) and remove the old meters. The entire process typically takes about an hour for electricity or gas, or two hours for both.
Additionally, smart meters enable customers to take advantage of time-of-use tariffs, also known as 'tou tariffs'. These tariffs offer cheaper prices for electricity used during off-peak hours, typically from late at night until early morning, and higher prices during peak hours of demand. By aligning their energy usage with off-peak times, customers can contribute to a more efficient and sustainable energy system while also reducing their energy costs.
While smart meters offer many benefits, there are some considerations to keep in mind. Smart meters may lose some functionality if you switch energy suppliers, and there may be concerns about privacy and data sharing. Additionally, smart meters may not lead to significant cost savings unless customers actively adjust their energy usage habits to take advantage of off-peak hours.
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Time of use tariffs
Peak hours are typically in the mornings and evenings when most people are getting ready for work or are at home cooking dinner. Off-peak electricity times are when power demand is at its lowest, usually during the night. The off-peak times can vary depending on your meter and tariff, but they are normally within a seven-hour window between 11 pm and 8 am, for example, 11 pm to 6 am.
There are several types of off-peak tariffs and schemes on the market. One example is the Economy 7 tariff, which offers seven hours of cheaper electricity, usually between midnight and 7 am. The rest of the day, electricity is charged at a higher rate. Economy 10 offers ten hours of cheaper electricity, for example, between 1 pm and 4 pm, 8 pm to 12 am, and 4 am to 7 am.
Another example is the Next Drive tariff for EV owners, which offers a long off-peak period for cheaper electricity. With rates as low as 7.5p per kWh, you can charge your EV between 12 am and 6 am every day. The Next Pumped tariff is specifically designed for customers with air source heat pumps or electric boilers, offering greater savings during off-peak electricity times. The Next Smart Saver tariff offers cheaper electricity rates during off-peak hours, from 5 am to 4 pm, and 7 pm to 2 am, with even lower 'super off-peak' rates between 2 am and 5 am.
To qualify for a time of use tariff, you'll need a smart meter that communicates with your energy supplier. Smart meters make TOU tariffs possible by sending regular and accurate readings of your electricity use. They also allow you to gain real-time insights into your energy use, empowering you to make informed decisions and take control of your energy spending.
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Energy-efficient appliances
E.ON offers a range of tariffs designed to help you make the most of off-peak electricity, allowing you to take control of your energy costs and reduce your carbon footprint. Off-peak electricity is when you pay a lower rate for electricity depending on the time of day. For example, you might pay 20p for every unit of electricity during the day and 10p at night.
The off-peak hours vary depending on your meter and tariff, but they are normally within a seven-hour window between 11 pm and 8 am, for example, 11 pm to 6 am. E.ON's Next Pumped tariff, for instance, offers cheaper electricity rates overnight (10 pm to 6 am).
To qualify for a time-of-use tariff, you'll need a smart meter that communicates with the supplier by sending regular and accurate readings of your electricity use.
- Washers and dryers are some of the largest energy users. Try to do laundry on weekends when there are no peak hours. On weekdays, run these appliances during off-peak hours: before 3 pm or after 7 pm.
- The typical oven uses a lot of power and adds extra heat, making your air conditioning work harder in summer. Using a barbecue is a great alternative to save energy and enjoy a meal outdoors.
- For electronics like TVs, video game consoles, cable boxes, and computers, remember to turn them off when not in use, especially during peak hours from 3 pm to 7 pm on weekdays. Consider purchasing ENERGY STAR® certified products, which are more energy-efficient than conventional models.
- If you own an electric vehicle, consider E.ON's Next Drive tariff, which provides lower rates for charging your car between 12 am and 6 am.
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Frequently asked questions
Off-peak electricity times vary depending on your meter and tariff, but they are normally between 10 pm and 8 am.
Time-of-use tariffs, sometimes known as 'TOU tariffs', offer customers cheaper prices for electricity used during off-peak hours and higher prices during peak hours.
To qualify for a time-of-use tariff, you'll need a smart meter that sends regular and accurate readings of your electricity use to your energy supplier.
Economy 7 offers seven hours of cheaper electricity, typically between midnight and 7 am. Economy 10 offers ten hours of cheaper electricity, for example, between 1 pm and 4 pm, 8 pm to midnight, and 4 am to 7 am.
A smart meter provides real-time insights into your energy use, empowering you to make informed decisions and take control of your energy spending. It helps you manage your home's energy footprint and identify opportunities to shift consumption to cheaper off-peak hours.
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