{"id":3132,"date":"2018-01-04T11:21:26","date_gmt":"2018-01-04T11:21:26","guid":{"rendered":"https:\/\/www.storageheatersdirect.com\/news\/economy-7-heaters-is-the-cheaper-tariff-right-for-you\/"},"modified":"2020-07-24T08:14:38","modified_gmt":"2020-07-24T07:14:38","slug":"economy-7-heaters-is-the-cheaper-tariff-right-for-you","status":"publish","type":"post","link":"https:\/\/www.storageheatersdirect.com\/news\/economy-7-heaters-is-the-cheaper-tariff-right-for-you\/","title":{"rendered":"Economy 7 Heaters: Is the Cheaper Tariff Right for You?"},"content":{"rendered":"

\"EnergyThe Economy 7 energy tariff is a product of the 1970s that still holds its popularity today. A favourite among the thrifty and households without access to gas, Economy 7 encourages you to heat your water, run your washing machine, cook, watch TV, use the lights, charge your overnight radiators, and do just about anything that involves electricity, in the dead of night. This nocturnal behaviour is rewarded with a substantially reduced energy tariff, sometimes up to 50% cheaper than a regular daytime rate. With savings so tantalisingly high, we can see why so many turn to economy tariffs and night storage heaters. But despite the potential saving, is Economy 7 a viable option for you? How much money can you save? And is it worth the lifestyle change? In the name of cheap energy, it\u2019s time to find out once and for all.<\/p>\n

\"Economy<\/p>\n

Economy 7 energy tariffs, or differential tariffs as they\u2019re technically called, provide seven hours of discounted, cheaper electricity throughout the night. Originally designed as a way to use the residual electricity that comes from running power stations without stopping, Economy 7 energy tariffs can <\/i>be the cheaper option. The question is, will it be cheaper for you? There are over 3.5 million<\/a> of us using an Economy 7 meter and, paradoxically, around 38% of that 3.5 million don\u2019t use Economy 7 heaters or even use the night-time rate. With miss-matching statistics like that, you have to wonder how effective Economy 7 really is and if people know how to use it properly in the first place.<\/p>\n

For honest, illuminating Economy 7 advice \u2013 look no further. We\u2019ll briefly explore how Economy 7 works, what appliances you can and can\u2019t use, and we\u2019ll provide a checklist with some simple tips for making the most of your economy tariff.<\/p>\n

How does Economy 7 work?<\/h2>\n

Very simply, Economy 7 is an energy tariff that hinges on two different energy rates. The cheaper night-time rate, and a substantially more expensive overflow rate for any electricity used in the day. Just like a normal electricity meter, an Economy 7 meter counts the amount of power used to calculate how much you pay. Unlike a normal meter, an Economy 7 meter has two dials reflecting the two separate rates.<\/p>\n

Economy 7 discourages you from using too much electricity outside the off-peak rate because of the heavy charge. The table below, courtesy of the Money Saving Expert<\/a>, shows you just how much the two rates differ.<\/p>\n

\"Money<\/p>\n

Economy 7 is all well and good if you\u2019re using the discounted night-time rate, but you can imagine the extent of your bill if you continually dip into the daytime rate. Experts have calculated that you need to use 40% of your daily electricity at night to see any benefit from Economy 7. So, if you\u2019re more of a night-owl than a songbird, it might be worth considering. If you think you\u2019ll find yourself having to use daytime electricity just as frequently as night-time electricity, it might not be the best option.  <\/p>\n

What can you use with Economy 7?<\/h2>\n

\"ElectricTo a certain extent, you can use whatever you like with Economy 7. Anything that runs on electricity will still physically work on an economy tariff \u2013 it\u2019s simply a matter of cost. For the cheapest results, the bulk of your electricity will have to be used at night. Things like washing machines, tumble dryers, heating, hot water \u2013 all of these utilities are big spenders with regards to energy consumption. To keep the cost as low as it can be, and to avoid any hideously expensive daytime charges that undermine the initial saving, you\u2019re going to have to plan your day-to-day chores and energy use. Binge watching Netflix on multiple devices while you wait for your family-sized meal to cook and your washing to come out of the dryer is a sure-fire way to land yourself with an alarming heating bill.<\/p>\n

Many Economy 7 households use immersion heaters to get hot water. Immersion heaters are tanks of water that warm up via a heating element \u2013 like a kettle on a larger scale. Many of these immersion heaters have two tanks, a primary supply that only gets hot when the night-time rate applies, and a secondary tank for emergencies throughout the day. As ever, the secondary tank will cost you and arm and a leg if you run out of reserves and need to spend daytime electricity heating water. Immersion heaters operate on the same principle as night storage heaters. They\u2019re \u2018charged\u2019 up overnight and the water is kept warm throughout the day until it\u2019s needed. If you run out of water, just like if you run out of heat from an Economy 7 heater, it\u2019ll cost you to obtain more.<\/p>\n

Pros & Cons<\/h2>\n

\"ThumbsWith constrictions like that, Economy 7 really is a lifestyle change. Spontaneity is replaced by structure and you\u2019ll need to be hyper-aware of your energy consumption. Bearing all of this in mind, let\u2019s have a look at some pros and cons.<\/p>\n

Pros<\/h3>\n

Economy 7 can:<\/p>\n

–          Save you money<\/p>\n

–          Force you to be more aware of your energy consumption<\/p>\n

Cons<\/h3>\n

Economy 7 can:<\/p>\n

–          Charge an extortionate rate for daytime energy<\/p>\n

–          Limit you to getting things done at night<\/p>\n

–          Force you to be sparing with your energy<\/p>\n

–          Force you to use night storage heaters over other electric heaters<\/p>\n

Tips for making the most of your economy tariff<\/h2>\n

\"PoundIf you\u2019re still dead-set on the allure of cheaper energy, or perhaps you\u2019ve been using Economy 7 for so long you don\u2019t notice or mind the lifestyle change, these helpful tips will ensure you\u2019re still getting the best out of your energy tariff.<\/p>\n

Set timers for your appliances<\/h3>\n

They don\u2019t need to be expensive timers, many online retailers sell them for a few pounds, but having something that limits the operating hours of your appliances can save you money in the long run and ensure you\u2019re not dipping into the expensive daytime rate. Set your washer or dryer to come on overnight and use the timer to ensure it finishes just before the daytime rate starts, avoiding any additional charge.<\/p>\n

\"N<\/p>\n

Choose energy-efficient appliances<\/h3>\n

With the EU EcoDesign Directive<\/a> taking effect this week, finding energy-efficient appliances is about to get a whole lot easier. Choose the most energy-efficient appliances you can to ensure you\u2019re using as little energy as possible.<\/p>\n

Use automatic or advanced storage heaters<\/h3>\n

Night storage heaters were originally designed to run on Economy 7 tariffs and are the only real heating option short of rubbing two sticks together or layering up. For the best results, choose smart storage heaters that are fan-assisted for additional heat. Smart storage heaters also come with digital programming, so you can decide when your heaters turn on, further saving you money. Remember to set the \u2018output\u2019 value as low as you can throughout the day else you\u2019ll be losing heat rapidly and you run the risk of running out of heat altogether.<\/p>\n

Be mindful of the time<\/h3>\n

Each region and each energy company that offers an economy tariff has slightly different hours for the discounted rate. The exact times of the cheaper tariff are also subject to change, so keep an eye on your meter to see when the cheaper tariff starts. Ensuring you know the exact time period for your cheaper energy is crucial to avoid toe-curlingly expensive bills. The map provided shows N Power\u2019s Economy 7 times across the UK and similar maps can be found for other energy providers. If you\u2019re unsure when your rates start and end, it won\u2019t hurt to check with your energy provider. <\/p>\n

Follow usual energy-saving advice<\/h3>\n

Keep your washing machines at 30\u00b0C, turn your thermostat down by a few degrees, and keep warm throughout the day by wearing your jumper rather than relying on your limited supply of heat.<\/p>\n

Economy 7 has never been everyone\u2019s cup of tea. If following the advice above seems too much, chances are you\u2019d better off on a standard energy tariff \u2013 most energy companies even swap you over free of charge! If you\u2019re a large family, spend the majority of your time away from the house, or just don\u2019t fancy such an inflexible daily routine, it\u2019s time to ditch Economy 7 and look for some alternatives. Choosing an electric radiator<\/a> is a great way to provide energy-efficient heating for your home that won\u2019t cost you a fortune to run throughout the day.<\/p>\n

For those of you who love your Economy 7 tariff and wouldn\u2019t have it any other way, we stock a selection of storage heaters just for you \u2013 from simple manual models to sophisticated smart storage heaters. Whatever your requirements, we have the ideal Economy 7 heater to suit your household.<\/p>\n

 <\/p>\n

Image sources<\/i><\/p>\n

Economy 7 Meter<\/i><\/p>\n

https:\/\/i.ytimg.com\/vi\/9nxuzddaQVE\/maxresdefault.jpg<\/i><\/p>\n

Appliances<\/i><\/p>\n

https:\/\/www.pexels.com\/photo\/comfort-control-cooking-data-213162\/<\/i><\/p>\n

Pound coins<\/i><\/p>\n

https:\/\/www.pexels.com\/photo\/stack-white-business-market-41301\/<\/i><\/p>\n","protected":false},"excerpt":{"rendered":"

The Economy 7 energy tariff is a product of the 1970s that still holds its popularity today. A favourite among the thrifty and households without access to gas, Economy 7 encourages you to heat your water, run your washing machine, cook, watch TV, use the lights, charge your overnight radiators, and do just about anything that involves electricity, in the dead of night. This nocturnal behaviour is rewarded with a substantially reduced energy tariff, sometimes up to 50% cheaper than a regular daytime rate. With savings so tantalisingly high, we can see why so many turn to economy tariffs and night storage heaters. But despite the potential saving, is Economy 7 a viable option for you? How much money can you save? And is it worth the lifestyle change? In the name of cheap energy, it’s time to find out once and for all.<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"yoast_head":"\nEconomy 7 Heaters: Is the Cheaper Tariff Right for You?<\/title>\n<meta name=\"description\" content=\"Economy 7 tariffs can provide cheaper energy bills through their discounted night-time rate. 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