There are some energy deals that offer cheaper energy rates at specific times. A good example of such electricity tariffs is Economy 10. Suppose your business runs at night or utilizes more electricity at night. In that case, it can be a good idea to contact Utility Bidder so that they can help you to get an Economy 10 because you can reduce carbon emissions and save money on your energy bills. This post is a guide to help you switch to Economy 10 tariffs.
An Economy 10 Tariff
An Economy 10 tariff refers to an electricity plan that can assist you to pay less money for your electricity. In most cases, you can pay normal electricity prices but cheaper energy rates during most off-peak times. Remember that these off-peak times are usually determined by your energy supplier, and they can spread throughout the day and night.
The off-peak times that you can find in an Economy 10 tariff can add up to 10 hours within each 24-hour period. This is the reason why this energy plan is called Economy 10.
The off-peak unit energy prices you can find in an Economy 10 plan are usually at least half the peak rate. Therefore, if you utilize appliances, such as slow cookers, washing machines, and dishwashers during the off-peak hours, you can reduce your energy bill.
You also need to be disciplined and careful about your energy use. This is because the unit rate for the electricity you utilize outside this 10 off-peak time can be higher than normal.
The Economy 10 hours
Economy 10 hours tend to vary depending on the energy suppliers you decide to use, so you need to check with your energy supplier. In most cases, Economy 10 discounted rates can be split into 3 hours during the day and 7 hours at night.
Besides, Economy 10 hours can also vary depending on where you reside. For instance, this can be 3 off-peak hours during the day, 2 off-peak hours in the evening, and 5 off-peak hours overnight. You should also note that some Economy 10 electricity suppliers and areas can change these hours when the time goes back or forward.
On the other hand, some electricity suppliers can choose not to change the hours. Regardless of what happens, it can mean that the off-peak hours in the six months of the year may not be suitable for you.
It’s worth mentioning that the Economy 10 plan provides unit energy rates that are lower than peak energy rates, but the normal daytime energy rate is usually higher than most standard energy plans. Hence, you need to contact your energy supplier to know what you can expect to pay during daytime and off-peak hours.
Right now, you can find a few energy suppliers offering Economy 10 plans. Unfortunately, most energy comparison websites don’t include Economy 10 options, so it makes it hard to determine whether or not the Economy 10 tariff is cheaper than your current energy tariff.