Everyone wants to save money on their energy bills, from domestic customers to those responsible for running businesses. Usually, the first step most people take is to make an energy supplier comparison and choosing the best deal with Business Energy Comparison.
Is Electricity Cheaper at Night?
How to read an Economy 7 Meter
To sign-up for an Economy 7 tariff, you’ll need to have a special meter – specifically designed to provide two sets of usage readings.
The traditional version of this meter will feature two sets of numbers. One records day usage, and the other records electricity usage during the night (or those off-peak hours).
The digital version of this meter will only provide one set of numbers at any one time. This means you’ll have to cycle through them to get to RATE 1 (R1) and RATE 2 (R2) You’ll need to ensure you check with your supplier which is the day, and which is night (off-peak).
It’s important to provide the correct readings – mixing them up could prove to be a very costly mistake!
What is an Economy 10 Tariff?
An Economy 10 tariff follows the same principle as Economy 7, but rather than providing you with seven hours of off-peak rates, it provides 10 hours of off-peak rates. There’s a big difference: these off-peak periods are split across day and night.
These tariffs provide a wealth of flexibility. However, it’s worth noting that Economy 10 tariffs aren’t as common as they once were – not many suppliers offer them today.
How to read an Economy 10 Meter
Reading your Economy 10 meter is exactly the same as reading an Economy 7 meter – so, you’ll find all the useful information you need in the ‘How to Read an Economy 7 Meter’ section of this page.
This is because they provide two different meter readings, rather than the one you’d have on a standard tariff. It also provides room for confusion if you don’t fully understand which reading is for which rate.
If you do have any queries, it’s worth contacting your energy supplier to find out which is which.
They don’t automatically switch, unfortunately. You’ll have to adjust them manually. It’s worth noting that some suppliers simply use winter times (GMT) throughout the entire year.
Frequently Asked Questions
You’ll be able to find this on your electricity bill, or by looking at your meter. If there are two readings (on traditional meters), or two separate displays (on digital meters), you’ll know you’re on an off-peak tariff.
No. You should avoid leaving your appliances to run during the night if no one is going to be on-site. The reasons are exactly the same as they are for domestic households. If something goes wrong and there’s no one on the premises, it presents a serious safety risk.
Not if you want to save money on your electricity bills. Computers, printers, scanners and phone chargers are amongst some of the worst offenders for electricity usage when left on standby. If you want to reduce the power they consume, switch them off when you’re not using them.
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