Economy 7 Tariffs UK 2026: Compare the Cheapest Day & Night Rates
Economy 7 is a UK electricity tariff that gives you seven hours of cheaper off-peak electricity per day — typically overnight between 11pm and 7am. Originally designed for storage heaters and immersion tanks, it's now one of the most cost-effective tariffs for EV drivers and households with home battery storage in 2026.
In this guide we compare the cheapest Economy 7 tariff rates currently available across UK suppliers, show you how to check whether you're already on Economy 7, and help you calculate whether it can save you money based on your actual usage.
- Find out if Economy 7 suits your usage pattern and heating setup
- Compare current day and night unit rates from every UK supplier
- Switch to a cheaper Economy 7 tariff today — no guesswork needed
Home energy only. Whole-of-market comparison. Tariffs and availability vary by region, meter type and supplier.
Compare Economy 7 tariffs — whole-of-market, updated daily
Economy 7 tariffs charge two electricity unit rates: a higher day rate and a cheaper night rate for a set block of off-peak hours. Whether you save money depends on how much electricity you can shift to overnight and what appliances you're running.
Use the comparison form to get a tailored result. We'll match you against Economy 7 tariffs available for your meter type and region, and flag any options likely to cut your annual bill.
Already have an Economy 7 meter?
If your meter shows separate day and night readings (often labelled Rate 1 / Rate 2), select "Economy 7 / multi-rate" in the form. If you're unsure, submit anyway — tell us what's displayed and we'll help identify your meter type.
What you'll need (takes about 2 minutes)
- Your postcode (to check which Economy 7 tariffs are available in your region)
- A contact email and number (so we can send your personalised tariff results)
- Optional: your current supplier and whether you have storage heating or an EV
Tip: Economy 7 delivers the biggest savings when you can shift high-consumption appliances — storage heaters, immersion tanks, EV charging and white goods — into the cheaper off-peak window overnight.
Why UK households choose Economy 7
Cheaper overnight electricity
Pay a lower unit rate for up to seven off-peak hours every night — ideal for heating water, running storage heaters, or charging an EV when grid demand is at its lowest.
Built for electric heating homes
Economy 7 is the standard tariff for flats and houses with storage heaters — charge cheaply overnight and release warmth throughout the day without touching the day rate.
A clearer switching decision
Comparing day and night rates side-by-side makes it easy to see whether Economy 7 beats a single-rate tariff for your usage pattern — or whether switching away could save you more.
What is Economy 7?
Economy 7 is a UK electricity tariff that charges two unit rates: a lower night rate for approximately seven off-peak hours, and a higher day rate for the rest. Your meter records usage in two separate registers — typically labelled R1/R2 or Low/Normal — so you're billed accurately for each period.
Important: Economy 7 off-peak hours are not the same for every home. The exact window varies by region, meter setup and supplier. If you depend on overnight heating or hot water, always confirm your specific off-peak times before switching tariff.
How to check if you already have an Economy 7 meter
- Your energy bill shows two separate electricity unit rates (day and night) and two consumption figures.
- Your meter display cycles between two readings — for example "Rate 1" and "Rate 2".
- You have storage heaters or an immersion heater timed to heat water overnight.
How Economy 7 works: day rate vs night rate explained
What you pay for
Best overnight uses for Economy 7
- Storage heaters — charge at the cheap night rate, release heat during the day.
- Immersion hot water heater — set on a timer to heat during off-peak hours.
- EV home charging — plug in overnight for the cheapest possible charge cost.
- Timered appliances (dishwasher, washing machine) — run during off-peak hours where safe.
If the majority of your electricity is used in the daytime — cooking, home working, electric showers — Economy 7's higher day rate may leave you paying more overall than a standard single-rate tariff.
Does Economy 7 work with a smart meter?
Yes — many smart meters are already configured for multi-rate tariffs including Economy 7. Your in-home display may show separate day and night rates, or you'll see them broken down on your bill or supplier app. Exact configuration depends on your meter model and supplier setup.
Is Economy 7 right for your home in 2026?
Economy 7 is likely to save you money if…
- You heat your home with storage heaters that charge overnight.
- You can shift a significant share of electricity to nights — hot water, EV charging, appliances.
- Your property is all-electric (no mains gas) and you use timers or smart controls.
- You know your off-peak window and can reliably use it.
A single-rate tariff may be cheaper if…
- Most of your electricity is used during the day — cooking, working from home, showers.
- You have little or no overnight load and don't use storage heating or charge an EV.
- The Economy 7 day rate is noticeably higher than equivalent single-rate tariffs.
- You prefer simpler billing with a single unit rate.
Rule of thumb: If you can shift at least 40% of your electricity use to off-peak overnight hours, Economy 7 is very likely to save you money. Below that threshold, a standard single-rate tariff often wins. Use our tariff comparison form to get a personalised estimate based on deals available to you right now.
Economy 7 rates and savings: what actually affects your bill
With Economy 7 you're trading a lower overnight rate for a higher daytime rate. Real savings depend on shifting enough kWh into your off-peak window to outweigh the daytime premium. These are the three key factors that determine whether you come out ahead:
The gap between day and night unit rates
The wider the spread between your day rate and night rate, the more you can save by shifting usage — as long as your daytime electricity consumption stays low.
Standing charge
Standing charges vary significantly between suppliers and regions. For low-usage households, the daily standing charge can matter as much as unit rates when calculating total annual cost.
Your day/night usage split
If most of your electricity use falls during the day, Economy 7's higher day rate can wipe out your night savings. Storage heaters and overnight EV charging are the fastest ways to improve your night usage share.
How to estimate your overnight usage share in 3 steps
- Find your day kWh and night kWh on your bill or smart meter app (sometimes shown as Rate 1 / Rate 2).
- Calculate your night share: night kWh ÷ (day kWh + night kWh) × 100.
- If your night share is above 40%, compare Economy 7 tariffs now. If you don't have separate figures, submit the form and we'll help you work it out.
Economy 7 and storage heaters: getting the most from your tariff
Storage heaters and Economy 7 are designed to work together — the heaters draw most of their electricity overnight at the cheap rate and release that stored heat during the day. But how much you actually save depends heavily on your controls, settings and usage habits.
Best practice for storage heater Economy 7 savings
- Set your heater to charge only during confirmed off-peak hours (check your meter timings with your supplier).
- Adjust input and output controls daily to avoid running out of stored heat before the evening.
- Use the boost function sparingly — boost electricity is almost always billed at the higher day rate.
- Improve insulation and draught-proofing to retain stored heat longer and reduce the need for boost.
Signs your Economy 7 storage heating isn't working efficiently
- You're relying on daytime boost most days — this means you're paying the high day rate for most of your heating.
- Your hot water is heating during the day due to a mis-set timer.
- You're only home in the evenings — a modern heat pump or EV tariff may suit you better.
- Your Economy 7 day rate is notably higher than comparable single-rate tariffs in your region.
Hot water tip: If you have an immersion heater, make sure the timer is set to heat only within your confirmed off-peak window. A timer that's even slightly out of alignment is one of the most common — and most costly — Economy 7 mistakes.
Common Economy 7 mistakes — and how to avoid them
Not knowing your exact off-peak hours
Economy 7 off-peak hours vary by region and supplier — they're not always 11pm–7am. Confirm the exact window with your supplier and set all timers (immersion heater, EV charger, appliances) to match.
Assuming Economy 7 is automatically cheaper
The Economy 7 day rate is typically higher than a standard single-rate tariff. If your overnight usage is low, you may end up paying more overall — always compare total annual costs before committing.
Submitting meter readings in the wrong order
Swapping day and night meter readings can significantly distort your bill. Check your meter or bill carefully to confirm which register is Rate 1 (day) and which is Rate 2 (night) before submitting.
Thinking about switching away from Economy 7?
Many suppliers can move you to a single-rate tariff on a multi-rate meter — but availability varies and some cases require a meter reconfiguration or exchange. Use the comparison form and we'll outline your options and whether a switch is worth it.
Economy 7 FAQs
What time does Economy 7 switch to the cheaper night rate?
There is no single universal Economy 7 start time. The off-peak window is typically seven hours overnight — often between 11pm and 7am — but exact timings vary by region, meter and supplier. Always confirm your specific off-peak hours with your supplier before setting timers or switching tariff.
Can I get Economy 7 without storage heaters?
Yes — Economy 7 is available to any household with a compatible meter, including those without storage heaters. It's worth considering if you charge an EV overnight, use an immersion water heater, or can reliably shift appliance usage to off-peak hours. Without significant overnight load, a single-rate tariff is usually cheaper.
What is the difference between Economy 7 and Economy 10?
Economy 10 provides around ten hours of cheaper electricity per day — often split across three separate windows (morning, afternoon and overnight) rather than one continuous block. It's less widely available than Economy 7 and better suited to homes with high electric heating loads. Availability depends on your region, meter type and supplier.
Will switching tariff mean replacing my meter?
Not always. Some UK energy suppliers can switch you between Economy 7 and a single-rate tariff without a physical meter replacement, while others require a reconfiguration or full meter exchange. We'll flag any meter requirements during your comparison so there are no surprises.
Why are my Economy 7 bills higher in winter?
Higher winter bills on Economy 7 are usually driven by increased electric heating demand. If your storage heaters run out of overnight charge and you top up using the daytime boost, that extra usage is billed at the higher day rate — which can add substantially to winter bills compared to summer months.
Do I need to submit two meter readings on Economy 7?
Yes — Economy 7 meters have two registers that record day and night usage separately. Your bill will show two readings and two kWh totals. Smart meter customers may have this split reported automatically, but it's worth checking your supplier app to confirm both registers are being tracked correctly.
Still unsure if Economy 7 is right for you? Jump back to compare Economy 7 tariffs now — tell us what you see on your meter and we'll help you identify it and find your cheapest option.
Why compare Economy 7 tariffs with EnergyPlus?
Whole-of-market, updated daily
We compare Economy 7 and single-rate tariffs from every UK supplier — not just a panel — so you always see the cheapest deals available in your region and for your meter type.
Plain-English guidance on day/night rates
We translate day and night unit rates into real annual costs — not just p/kWh figures — so you can see clearly whether Economy 7 saves you money based on how you actually use electricity.
Help with confusing Economy 7 meters
Rate 1 / Rate 2, smart meter screens, multi-register readings — we'll help you make sense of what you have, confirm your off-peak hours, and identify what you can switch to.
What our customers say
"I didn't realise my immersion heater was heating at the day rate. EnergyPlus compared Economy 7 tariffs for me and explained the meter readings in plain English — saved me a lot of confusion and money."
Homeowner, South East
"The comparison showed a standard tariff suited us better than Economy 7 given our usage pattern. Straightforward form and fast follow-up — would recommend."
Flat resident, Scotland
Testimonials are representative and shared with permission. Individual savings vary by tariff, usage and meter setup.
Ready to find the cheapest Economy 7 tariff for your home?
Enter your postcode and contact details and we'll compare day and night tariff rates across the whole UK market — and tell you whether Economy 7 is genuinely the right call for your usage and meter type.
EnergyPlus.co.uk compares home energy tariffs across the whole UK market. We do not provide business energy quotes on this page.
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