Economy 7
Economy 7 Repairs in Kent
Economy 7 Information
What is Economy 7?
Economy 7 is an electricity tariff with different pricing structures according to the time of day. The energy you use during the night costs less, per unit, than energy used during the day with Economy 7.
Will Economy 7 save me money?
Obviously with Economy 7 you'll use more energy during the night than the day, so you will save money. However, you need to be using roughly 20% of your energy consumption at night to be making a saving. The cheaper tariff usually starts around 1am and finishes around 8am (this can vary by supplier and region).
How does Economy 7 work?
Another important factor to take into consideration with Economy 7 is that you can heat your water and storage heater throughout the night using the cheaper tariff. The heat stored in your storage heater will gradually be released throughout the day and then recharged and stored again the following night. The water in your hot water cylinder will also be heated ready to use in the morning. Should more hot water be required, the boost or override button can be used to heat more hot water but this would be on your day time tariff.