Customers on Economy 7 tariffs were hit the hardest by new prices
Customers on Economy 7 contracts were the most affected by last year’s price rises, fresh research provided by services comparison firm Which? has revealed.
The Economy 7 is a time-of-use tariff that enables consumers to get cheaper electricity at off-peak times such as during the night and is currently used by 3.9 million UK households, a news report could reveal.
The aforementioned research compared costs of the six largest energy suppliers for a medium-use customer in the Midlands over the past two years and found that, for five of the ‘Big Six’, costs for a customer on Economy 7 rose more than for someone on a standard dual fuel tariff. Only E.ON had smaller percentage rises for Economy 7 customers than those on dual fuel.
ScottishPower was the supplier, its costs rising nearly a fifth (19.10%) for its versus 11.05% for dual fuel customers.
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