You’re then charged different rates for each. Your new electricity meter will track the electricity you use both during the day and at night. You won’t automatically save money by using appliances at night – but if you sign up for Economy 7 and get a special meter (that can manage 2 different rates), your night-time energy price will be lower. If you can use appliances like dishwashers, slow cookers or washing machines overnight – or if you have an electric vehicle or storage heaters – Economy 7 could help you cut down your energy bills. Find out more about each of them in our energy tariffs explained blog. The difference in cost could be up to 50%, depending on your electricity supplier.Įconomy 7 is one of several different plans we offer. With Economy 7, you’ll pay cheaper rates for 7 hours during the night. What is Economy 7?Įconomy 7 (also known as a ‘differential’ or ‘multi-rate’ tariff) is an energy plan that can help you pay less for your electricity. Want to find out more about this special night-time energy plan? Here’s our guide to the ins and outs of Economy 7, so you can decide whether it’s right for you.
Get it right and it can save you money on your bills, and also help you cut your carbon emissions – depending on your lifestyle and when you use most of your energy. Are you on an Economy 7 energy tariff? Could you save money by switching to or away from Economy 7? Find out all about it with our ultimate guide, so you can decide whether it’s right for you.Īn Economy 7 energy plan gives you a cheaper electricity rate at night, and a more expensive one in the day.
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