Electricity economy tariffs in the UK offer consumers a range of options to manage their energy usage and costs – and one such popular tariff is Economy 7. The demand for this electricity tariff increased significantly due to its use with night storage heaters.
However, as the energy sector continues to evolve, more questions are arising about Economy 7 and whether it will be phased out in 2023.
The number of UK homes currently relying on Economy 7 meters is steadily declining, as energy suppliers are promoting the adoption of smart metering as the way forward.
Find out everything you need to know about the Economy 7 tariff and the potential for phasing the tariff out.