Trystan Casey
E.ON offers several off-peak electricity tariffs, including Economy 7 and Economy 10, which offer cheaper rates during certain hours of the day. The off-peak hours for Economy 7 are typically between midnight and 7 am, while Economy 10 offers cheaper rates during a wider range of hours, including some daytime hours. The exact off-peak hours can vary depending on your location and energy supplier, but they generally fall between 10 pm and 8 am. By using electricity during off-peak hours, you can take advantage of lower rates and reduce your energy bills.
| Characteristics | Values |
|---|---|
| Off-peak times | Between 10 pm and 8 am |
| Cheaper electricity | 7 hours between 11 pm and 8 am, e.g., 11 pm-6 am or 1 am-8 am |
| Economy 7 | 7 hours of cheaper electricity between midnight and 7 am |
| Economy 10 | 10 hours of cheaper electricity, e.g., between 1 pm and 4 pm, 8 pm to 12 am, and 4 am to 7 am |
| Next Drive | Cheaper rates are the same every night |
| Next Pumped | Cheaper rates 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 |
| Time-of-use tariff | Requires a smart meter |
| Peak hours | 8 am to 10 pm |
| Saving money | Use energy-intensive appliances during off-peak hours |
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Economy 7 tariffs
To benefit from an Economy 7 tariff, it is generally recommended that at least 40% of your electricity usage occurs during off-peak hours. This makes it suitable for households that are willing to shift their energy consumption to off-peak hours and have appliances such as storage heaters, hot water tanks, or electric vehicles that can be used during those times.
If you are considering an Economy 7 tariff, it is important to review your energy usage patterns and daily routine. These tariffs are particularly advantageous if you can charge electric vehicles or run storage heaters overnight. Additionally, you can set timers on certain appliances, such as washing machines, dishwashers, or tumble dryers, to take advantage of the off-peak rates.
To qualify for an Economy 7 tariff, you will typically need a smart meter or a dual-rate meter that can record your electricity usage at different times of the day. This allows your energy supplier to charge you the appropriate rates for off-peak and peak hours.
It is worth noting that Economy 7 tariffs may not be suitable for everyone. If you work from home or use a significant amount of electricity during the day, you may end up paying more than you would on a standard tariff. Therefore, it is essential to compare tariffs and consider your energy usage patterns before making a decision.
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Economy 10 tariffs
E.ON offers a variety of tariffs for its customers, including Economy 7 and Economy 10. These are time-of-use (TOU) tariffs that offer cheaper electricity rates during off-peak hours and higher rates during peak hours.
To make the most of Economy 10 tariffs, it is recommended to use electricity-intensive appliances during off-peak hours, such as washing machines, dishwashers, tumble dryers, and electric showers. Additionally, investing in a storage heater can help store heat during off-peak hours for release during peak hours.
It is important to note that Economy 10 tariffs are not widely offered by UK suppliers due to their nighttime focus, and they may come with stipulations. Before switching, it is essential to ensure that you can commit to the off-peak hours, as using energy during peak hours can result in higher costs.
Compared to Economy 7, which offers 7 hours of off-peak rates, Economy 10 provides 10 hours of cheaper electricity rates. This makes it a good option for those who can align their energy usage with the off-peak hours and want to take advantage of the extended period of lower rates.
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Off-peak hours
If you're on a time-of-use tariff, such as Economy 7 or Economy 10, your electricity rates will fluctuate depending on the time of day, with higher rates during peak hours and cheaper rates during off-peak hours. For example, with Economy 7, you'll get seven hours of off-peak rates per day, while Economy 10 provides ten hours. These tariffs are designed for those who consume a significant amount of electricity at night and can offer significant savings compared to traditional fixed-rate tariffs. However, to benefit financially, it is estimated that at least 40% of your electricity usage should occur during off-peak hours.
To take advantage of off-peak rates, you can schedule energy-intensive appliances such as dishwashers, washing machines, tumble dryers, and electric heaters to operate during off-peak hours. Additionally, consider investing in a storage heater, which stores heat during off-peak hours and releases it during peak hours.
It's important to note that not all energy suppliers offer time-of-use tariffs, and the majority of tariffs in the market are standard-rate tariffs, where you pay a flat rate for your electricity regardless of the time of day. Therefore, it's essential to compare tariffs and consider your daily routine to decide if an off-peak tariff is right for you.
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Time-of-use tariffs
E.ON offers a range of time-of-use tariffs, including Economy 7 and Economy 10. Economy 7 offers seven hours of cheaper electricity, typically between midnight and 7 am, while Economy 10 offers ten hours of cheaper electricity with varying times depending on the day. For example, you might get cheaper rates from 1 pm to 4 pm, 8 pm to 12 am, and 4 am to 7 am. The rest of the day, electricity is charged at a higher rate.
To qualify for a time-of-use tariff, you'll need a smart meter that communicates with your energy supplier. Smart meters make these tariffs possible by sending regular and accurate readings of your electricity use. They are more advanced than older Economy 7 meters and offer greater flexibility in accessing off-peak electricity.
If you're considering a time-of-use tariff, it's important to evaluate your daily routine and energy usage patterns. These tariffs are particularly beneficial if you can charge an electric vehicle or run storage heaters overnight. However, if you work from home and use a lot of electricity during the day, a single-rate tariff might be more suitable.
By understanding peak and off-peak hours and harnessing the power of your smart meter, you can optimise your electricity consumption and reduce your energy bills with time-of-use tariffs.
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Smart meters
If you're not sure which is the day rate or the night rate, check the numbers in the morning and check again later that day. The number that's changed will be your day or 'peak' rate. If you have an electricity single-rate smart meter, the display will automatically show the reading. If you have an electricity dual-rate smart meter, press and release the blue display button, and this will show Rate 2. For gas smart meters, press and hold the red button A for 5-10 seconds. This will then display 'Credit ON'. Press and release button A, and the meter will display the reading.
To qualify for a time-of-use tariff, you'll need a smart meter that communicates with your energy supplier. Smart meters make time-of-use tariffs possible by sending regular and accurate readings of your electricity use to your energy supplier. To sign up for a time-of-use tariff, you need to have a smart meter that can send half-hourly updates on your energy use (you'll also need to consent to providing this data). Half-hourly data is essential for time-of-use tariffs as it allows energy suppliers to charge you the right rates for your electricity.
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Frequently asked questions
An off-peak tariff is when you pay a different amount for your electricity depending on the time of day. Off-peak electricity is when you pay a lower rate for electricity during off-peak hours, and a higher rate during peak hours.
E.ON's Economy 7 tariff offers 7 hours of cheaper electricity, typically between midnight and 7 am. The rest of the day, electricity is charged at a higher rate.
E.ON's Economy 10 tariff offers 10 hours of cheaper electricity, for example, between 1 pm and 4 pm, 8 pm to 12 am, and 4 am to 7 am. The rest of the day, electricity is charged at a higher rate.
You can check your electricity bill. If it shows both a day and a night rate, you're on a time-of-use tariff. You can also check your meter, which may show two sets of numbers, one for peak and one for off-peak.
