Customers on Economy 7 tariffs were hit the hardest by new prices

Customers on Economy 7 contracts were the most affected by last year’s price rises, fresh research provided by services comparison firm Which? has revealed.

The Economy 7 is a time-of-use tariff that enables consumers to get cheaper electricity at off-peak times such as during the night and is currently used by 3.9 million UK households, a news report could reveal.

The aforementioned research compared costs of the six largest energy suppliers for a medium-use customer in the Midlands over the past two years and found that, for five of the ‘Big Six’, costs for a customer on Economy 7 rose more than for someone on a standard dual fuel tariff. Only E.ON had smaller percentage rises for Economy 7 customers than those on dual fuel.

ScottishPower was the supplier, its costs rising nearly a fifth (19.10%) for its versus 11.05% for dual fuel customers.

While opting for a time-of-use tariff can certainly help customers save on their bills, installing a solution designed to slash energy usage and bills by up to 30%+ is what every home owner should really look at, if they want to save money.

The HeatingSave Building Energy Management System helps customers save more than 30% on their bills by optimizing any heating system’s overall functionality. This is done by taking into account a variety of factors, such as internal and external temperatures, occupancy, time of the year, the particular characteristics of installed boilers, etc. All of the data is used in order to determine the best heating patterns for the various heating zones within any building, using our proprietary heat-loss algorithm.

The end result is that users still get a very good level of comfort, while in the same time saving energy and money in the process.

If you’d like to find out more details on all the features HeatingSave has in store, just contact our dedicated product team, they’ll be more than happy to provide you with all the necessary information.

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