When Is Electricity Cheapest?

Ever wondered why your neighbour runs their washing machine at 3 a.m.? It's not insomnia—it's savvy saving! Understanding when electricity is cheapest can lead to significant reductions in your energy bills. Let's delve into the electrifying world of off-peak hours and discover how to make the most of them.​

When Is Off-Peak Electricity

Off-peak electricity refers to periods when demand on the energy grid is lower, typically during nighttime hours. Energy suppliers often offer reduced rates during these times to encourage usage and balance the load on the grid. The exact off-peak hours can vary depending on your energy supplier and specific tariff.​

Economy 7 Tariffs       

One common tariff offering cheaper rates during off-peak hours is the Economy 7 tariff. This tariff provides seven hours of reduced rates, usually between midnight and 7 a.m. However, the specific off-peak times can vary, so it's essential to check with your supplier for exact details. For instance, British Gas states that their Economy 7 off-peak hours run for seven hours between midnight and 8 a.m. ​

Economy 10 Tariffs

Another option is the Economy 10 tariff, which offers ten hours of off-peak electricity, typically split between afternoon and overnight periods. This can be beneficial if you can schedule significant energy usage during these times. As with Economy 7, off-peak hours for Economy 10 vary by supplier, so it's crucial to verify the specific times associated with your tariff.​

Making the Most of Off-Peak Electricity

To capitalise on cheaper electricity rates during off-peak hours:

• Shift High-Energy Activities: Run appliances like washing machines, dishwashers, and tumble dryers during off-peak periods.​

• Utilise Timers: Use programmable timers to operate devices during off-peak hours automatically.​

• Consider Storage Heaters: These can store heat generated during off-peak times and release it during the day.​

Is an Off-Peak Tariff Right for You?

While off-peak tariffs can offer savings, they're most beneficial if you can adjust your energy usage to align with off-peak periods. If the majority of your electricity consumption occurs during the day, a standard single-rate tariff might be more cost-effective. It's estimated that to benefit financially from an off-peak tariff, at least 40% of your electricity usage should occur during off-peak hours.

Conclusion

Understanding when electricity is cheapest and adjusting your usage accordingly can lead to substantial savings. By taking advantage of off-peak electricity periods, you can reduce your energy bills and contribute to a more balanced energy grid. So, perhaps it's time to join your neighbour in the early morning laundry club—your wallet will thank you!​