[cava]

Hello i live in somerset can anyone confirm what the economy 7 price are now

[JoeSoap]

@cava

@meldrewreborn is good at digging up this kind of info so will hopefully see my tag and be along to assist.

I would have thought they would be showing in your online account by now though.

[meldrewreborn]

@JoeSoap

generally I can Calculate the prices from the OFGEM price caps, adjusted where necessary, but economy 7 gives too much licence to the suppliers to flex between the peak and off peak prices and consumption levels and i’ve yet to figure out their formulae. My best advice is to look at the price table I posted some while ago from EDF, on the basis that the rates will be similar. I’ll post a link again when I can get to my PC

[JoeSoap]

@meldrewreborn

I wanted to link to your Price Table but topics started by prolific posters are difficult to find. I have posted a new topic suggesting a remedy.

[Barrie]

@cava

Bung your postcode in here:- https://www.eonnext.com/tariff-search it was updated to show the current rates a few days ago.

I worked out for my region's new tariffs, I'd need to use at least 30% of my electricity during E7 hours, or I'd be better off on single rate.

[meldrewreborn]

@Barrie
tried that for my own postcode - nothing returned!

[Barrie]

@meldrewreborn

That's odd it works for mine.

Did you scroll down the page after clicking get tariffs? (I'm using a PC rather than a phone).

[meldrewreborn]

no it was a straight no tariffs found - I'll try the PC route tomorrow

[Barrie]

@meldrewreborn

It probably can't find, or doesn't have your postcode on their database for some daft reason, I would try another postcode from the same region.

[meldrewreborn]

@Barrie

HI it works fine on the PC but not on my phone via safari.

So for Eastern region ( Thats me folks!), the E.On Next rate is virtually the same as EDF's for the standing charge. But not the unit rates.

Day rate is 44.46p against 46.59p for EDF

Night rate is 14.74p against 11.80p for EDF.

For both suppliers, the current rates, adjusted to exclude the benefit of the 17p (excl VAT) EPG discount, will have had to conform to the OFGEM price cap which was set back in August in two figures, £135.67 for zero units (meaning the standing charge) and £2128.65 for 4,200 kWh inclusive of the standing charge (eastern region) - the logic is the same for the other 13 regions).

So we know that the standing charge remains unaltered from those announced by OFGEM, because the EPG only affects unit rates, and that a mix of day night units will equal 4,200, and that the total chargeable for those units inclusive of the unit charge must not exceed £2,128.65 exclusive of VAT.

We can then derive a table like this (figures in italics are known, everything else is calculated) :

	OFGEM/EPG	OFGEM/EPG	OFGEM
E.On Next	VAT inc	VAT ex	VAT ex
Standing charge rate	39.0300	37.1714	37.1714
Day rate	44.4600	42.3429	59.3429
Night rate	14.7400	14.0381	31.0381
UNIT SPLIT
Day rate		2430	£1,442.03
Night rate		1770	£549.37
UNIT TOTALS		4200	£1,991.41
Standing charge rate			£135.68
total charged @ 4,200 kWh			£2,127.08
	OFGEM/EPG	OFGEM/EPG	OFGEM
EDF	VAT inc	VAT ex	VAT ex
Standing charge rate	39.0200	37.1619	37.1619
Day rate	46.9000	44.6667	61.6667
Night rate	11.8000	11.2381	28.2381
UNIT SPLIT
Day rate		2410	£1,486.17
Night rate		1790	£505.46
UNIT TOTALS		4200	£1,991.63
Standing charge rate			135.64
total charged @ 4,200 kWh			£2,127.27

Figures in Italics are known and are VAT inclusive. By stripping out the VAT and adding back in 17p to the units rates we can get to the pre EPG rates from both suppliers and then the split of day night usage to keep within the two limitations (4,200 kWh and £2128.65 total cost at that usage) can be derived.

I found it surprising that the splits in usage came out quite close together as i expected them to be more different. The daytime units at 2430 are 57.9% 0f the 4,200 total. in this document :
Decision on revised Typical Domestic Consumption Values for gas and electricity and Economy 7 consumption split (ofgem.gov.uk)

OFGEM put the split at 58% to 42% (page 2 second table) and i'm now wondering if the is the basis of the peak/night split of the 4,200 kWh in all regions and all suppliers - EDF's split as derived the eastern region is 57.4 to 42.6% - which is still very close. It's also possible that suppliers might not be charging the maximum prices permitted by the price cap, and that is an assumption I had to make in order to derive anything at all.

I declare the discussion open!