In particular, if you're someone who regularly works a night shift from home or regularly uses large appliances such as washing machines throughout the night, you may be able to save some cash with a new energy tariff. An Economy 7 tariff is targeted directly at customers who use more electricity when the sun goes down.
Is Economy 7 right for me? Before deciding on an Economy 7 tariff just because the nighttime cost is cheaper, it's important to consider a few things. Firstly, while an Economy 7 can significantly decrease your costs with nighttime usage, it will generally increase the cost of your usage during the day.
This includes those that use storage heaters that warm up during off-peak hours, hot water tanks that heat up during an off-peak period, or houses that charge electric cars throughout the night. Before making a big change to a new tariff, you should sit down and examine your energy-usage. Current Economy 7 rates Some of the rates currently available from the UK's biggest suppliers include the following: