Economy 7 Electricity (or Spanish equivalent)
#1
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Economy 7 Electricity (or Spanish equivalent)
Apologies if I'm using the incorrect term, but am I right in thinking that Iberdrola provide 'Economy 7' or similar for running electric devices during the night on a lower tariff?
If so, what's it called here in Spain, and is it worth it? All I'd use it for would be to heat the water in an electric water heater during the night, switch it off for the rest of the day, then have it come back on again during the night. Also perhaps the washing machine. That's all really.
Presumably I would have to pay something to go on to this tariff, the question is, in my circumstances, would it be worth it and how much is it?
Any advice or experiences welcome.
Thanks.
If so, what's it called here in Spain, and is it worth it? All I'd use it for would be to heat the water in an electric water heater during the night, switch it off for the rest of the day, then have it come back on again during the night. Also perhaps the washing machine. That's all really.
Presumably I would have to pay something to go on to this tariff, the question is, in my circumstances, would it be worth it and how much is it?
Any advice or experiences welcome.
Thanks.
#2
Re: Economy 7 Electricity (or Spanish equivalent)
I think it's called "tarifa con discriminación horaria" - or "tarifa nocturna". But I don't know anyone who uses it.
#3
Re: Economy 7 Electricity (or Spanish equivalent)
I had a dual meter, cheaper night time with Endesa some years ago. However although the night time was cheaper the day time rate was higher than a single tariff account.
On one occasion I accidentally opened a neighbours bill and compared costs.
On a bill of approx €200 I had saved €0.50, had I been more energy conscious and saved power during that same period I would have lost money with the dual tarrtariff
On one occasion I accidentally opened a neighbours bill and compared costs.
On a bill of approx €200 I had saved €0.50, had I been more energy conscious and saved power during that same period I would have lost money with the dual tarrtariff
#4
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Re: Economy 7 Electricity (or Spanish equivalent)
We have peak/off peak tariff and the cost is just over half as much per kilowatt for off-peak (23:00-12:00) than peak rates. We run the major appliances during off-peak hours (e.g., dishwasher, wash machine, boiler, water pumps, etc) , and have saved a bundle from our previous contract.
#5
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Re: Economy 7 Electricity (or Spanish equivalent)
I agree with Amideislas. If you manage your consumption it is possible to make significant savings. Although the standard tariff is lower than the premium rate under the dual tariff, the savings outweigh the cost. If you check the Iberdrola website its the day night tariff. However, if your power is less than 10kw you should opt for the Tariff of Last Resort, because the price is controlled by the government.
I've been on this tariff for nearly 3 years, and our consumption is approx 35% at the higher rate and 65% at the cheaper rate. The standard tariff per kwh is 14.5578c, and the day night is 17.8438c (between 12pm and 10pm) and 5.907c (between 10pm and 12pm). Based on my average use, thats an average price of 9.9655c, which is 45% cheaper. We use a lot of electric, so like Amideislas I have saved a significant amount.
I've been on this tariff for nearly 3 years, and our consumption is approx 35% at the higher rate and 65% at the cheaper rate. The standard tariff per kwh is 14.5578c, and the day night is 17.8438c (between 12pm and 10pm) and 5.907c (between 10pm and 12pm). Based on my average use, thats an average price of 9.9655c, which is 45% cheaper. We use a lot of electric, so like Amideislas I have saved a significant amount.
#6
Re: Economy 7 Electricity (or Spanish equivalent)
We have been on the dual tariff for 12 years and the savings can be very significant so long as you manage when you use the power. Even if you don't it is difficult to see how you cannot save money. We save about €700 a year but we do use a load of power.
#7
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Re: Economy 7 Electricity (or Spanish equivalent)
The details of the TUR is also difficult to find on their website.
#8
Re: Economy 7 Electricity (or Spanish equivalent)
I am on the day and night tariff .
Its been great for us our old monthly bill was 100€ now we get a 2 monthly bill of about 120 to 150 €
We now use dish washer, washing machine, pool pump etc on the off peak time
winter 10pm to 12pm
summer 11pm to 1pm
Cheers Tony
Its been great for us our old monthly bill was 100€ now we get a 2 monthly bill of about 120 to 150 €
We now use dish washer, washing machine, pool pump etc on the off peak time
winter 10pm to 12pm
summer 11pm to 1pm
Cheers Tony
#9
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Re: Economy 7 Electricity (or Spanish equivalent)
list of tarifs
this takes you to iberdrola tarifs for up to 10 kw and above
this takes you to iberdrola tarifs for up to 10 kw and above
#10
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Re: Economy 7 Electricity (or Spanish equivalent)
Thanks to all who've taken the time and trouble to respond. Much appreciated.