What is the best way to use the system to reduce electric bills. Am I right in thinking that if I use my washing machine at night that the electric will be cheaper and save me money?
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Yes, but you’d have to be careful that the noise doesn’t disturb neighbours at that time. I try to only use the drier during Economy 7 hours (easier in winter as it’s an hour earlier – London Elec hasn’t got the hang of daylight saving yet) and recharge anything with batteries during this time too. It’s about a third of the cost.
At the moment it switches to E7 rate just after 10:15pm and runs for 7 hours (hence the name). After the clocks go back it’s 9:15pm – 4:15am. You should have 2 meters, one each for daytime and Economy rate, and you should be able to see which is running at any time to verify what time it switches. I’m sure your provider would tell you if you called them too. In addition, my immersion heater only works on the E7 rate, and I have a couple of sockets the same for storage heaters. This means I can leave them switched on without running the risk of racking up a huge bill at normal rates. Note that all the sockets run at the cheap rate at those times, but these are on a seperate circuit that doesn’t work during the day, maybe you could have some installed. Alternatively you can buy timer plugs which you plug your appliance into which allow you to preset times they will be switched on.
The price per unit off the top of my head is something like 8p/3p.