How Economy 7 works
Economy 7 Keypad unit rates
No contracts and no exit fees
Access to Power NI Perks
Billing FAQs
This tariff is suitable for the low carbon technology programme which the Northern Ireland Housing Executive is installing in tenants’ homes. If you are a tenant in this retrofit programme, this tariff is recommended by NIHE because it works best with the heat pump, solar PV and battery storage to help you save on your energy bills.
On a time-of-Use (ToU) tariff such as Economy 7 you pay different electricity rates at different times of day.
Our Economy 7 tariff can help you save money if you move energy use to different times of day. An example of this is running a heat pump at night, charging an electric vehicle overnight, or using solar PV and battery storage to reduce the electricity you import at different times of day.
Economy 7 tariff rates reflect the amount of electricity used at different times. When people are asleep at night energy demand is low and so are ToU rates, and during the day, because more energy is needed by homes and businesses, rates are higher.
Simple time of use
49 hours of lower cost energy per week when compared to the standard tariff*.
Your heat pump and battery will benefit from off-peak price energy and the battery will avoid using peak price energy. Also, your solar PV panels will generate electricity during daylight hours, with the battery storing electricity for use later, avoiding import of electricity at peak rates.
It is a requirement of the Northern Ireland Housing Executive that tenants in the Low Carbon Programme (LCP) change to a time-of-use (ToU) electricity tariff. This is to minimise the energy cost of moving to electrical heating with a heat pump, as well as to work with solar PV and battery storage, installed as part of the LCP.
Our local energy experts will help you decide on the tariff to suit your needs. Complete the form below to arrange a call back.
Mandatory fields
If you have any questions regarding the retrofit to your home by the Northern Ireland Housing Executive, please contact your Patch Manager.
During the summer your heat pump, just like your old boiler, will use a lot less energy than during the winter. This, along with zero cost energy from your solar PV, means that during the summer months your electricity bills are very low.
In the winter months you heat pump will need to run a lot more to provide space heating. Also, there will be less solar energy generated by your PV panels. This means that winter electricity bills will be much higher compared to the summer.
If you are a keypad customer, you can top-up extra on your keypad meter above what you need during the summer months. This will bank credit for the winter and keep peak winter bills lower.
If you are a bill pay customer you can pay by monthly direct debit and the cost of your annual electricity bill will be spread evenly over the year, reducing the impact of higher winter consumption.
