I signed up for a fix that was offered with my current provider EDF about 4 moths ago.
The day rate at that time, was very expensive at almost 40p/ kwh but the night rate offered was really cheap at 4.5 p/kWh.
It was a huge gamble to go for this offer at the time, as the “Get Out” cost was £150.
It was pure guess work on any future increase due in Oct - Nov 2022.
Some speculation at the time said it would be another rise of around 20 - 25% after the 63% increase made, back in April 2022.
Well in only a few short months, the speculation has been revised to reflect an increase rate of another 65% in Oct - Nov 2022 !.
We have time shifted as much of our usage as possible, into our “Off Peak” tariff of 5 hours per night.
The other day, we received a half yearly review / bill from EDF.
We currently owe them £175 and they will be increasing our direct debit to suit the shortfall.
When I looked at our bill, the time shift of energy is CLEARLY visible on that bill.
So also is the difference in price per Kwh’s.
Our night time usage is more than or day time usage, use which is absolutely paramount of course, if you are serious about trying too maximise the savings offered by the cheaper tariff.
I can can clearly see how the different rates has a massive affect on your bill !.
Our night consumption is higher than the day consumption, brilliant !.
But the charges for the day time rate ( although lower in consumption than at night ) is almost £300 - but our higher usage at night, was only £53 for the same calendar period.
I sincerely hope for everybody, that the predicted increase in Oct / Nov is not another 65% increase.
But unless anything radically changed in the mean time, it’s not looking so great
.
Here is what we have done to maximise our “Off Peak” rate.
We have the ZS EV LR with the larger battery, so charging this at night is a absolute must.
We have pretty much stopped using our modern gas boiler to heat our domestic hot water.
We are using an emersion heater now, that is fitted with a timer control, to heat our domestic hot water.
Tumble drier is out of use also now.
We have a heated drying rack that is running on the “Off Peak” rate as well.
The automatic washing machine is also being used on a timer setting.
Anything that CAN be shifted, is time shifted.
It is essential to make this type of tariff work.