Shopping & Style1 min ago
economy seven
3 Answers
Hi, have been reading posts about economy seven, there is mention that if you have it you possibly pay more for normal rate, does anyone know if this is true. Thank you
Answers
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How cheap is it?
Prices vary from supplier to supplier, but an example could be 8 pence per unit for standard rate, and 2.5 pence per unit for the cheaper rate. The 'standard' rate will usually be a bit more expensive than the standard rate for non-Economy 7 accounts. If you pay a standing charge on your account, this too will be higher if you have Economy 7 (possibly around 50% more). If your account does not have a standing charge, then instead the first 'day' units you pay each quarter will be charged at a much higher rate (the same way as ordinary accounts without a standing charge work).
How cheap is it?
Prices vary from supplier to supplier, but an example could be 8 pence per unit for standard rate, and 2.5 pence per unit for the cheaper rate. The 'standard' rate will usually be a bit more expensive than the standard rate for non-Economy 7 accounts. If you pay a standing charge on your account, this too will be higher if you have Economy 7 (possibly around 50% more). If your account does not have a standing charge, then instead the first 'day' units you pay each quarter will be charged at a much higher rate (the same way as ordinary accounts without a standing charge work).