# When Is The Cost Of Electricity The Cheapest In A Day?
Author:  Pal Sinha, Barnali 
Author URL: https://financedigest.com/author/pal-sinha-barnali
Published: 2022-03-10
Category: FINANCE
Category URL: https://financedigest.com/category/finance
Meta Title: Peak and Off-Peak Electricity Times: What You Need to Know
Meta Description: Discover the best time to use your appliances and save money on energy bills. Learn about peak and off-peak hours for electricity usage in the UK.
URL: https://financedigest.com/when-is-the-cost-of-electricity-the-cheapest-in-a-dayhtml

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If you’re living on a budget, or simply trying to save on your energy bills, you’re probably wondering when energy prices are cheapest during the day.

Do peak and off-peak hours make a difference? Will using your dishwasher in the early hours of the morning really save you some cash?

Keep reading to find the answers to all of your questions and reduce your [energy bill](https://www.financedigest.com/explainer-why-europe-faces-climbing-energy-bills.html "Explainer-Why Europe faces climbing energy bills").

## What Are Peak And Off-Peak Times For Electricity?

Some energy suppliers offer cheaper electricity prices for usage during certain [times of the day](https://www.financedigest.com/love-in-a-time-of-inflation-how-much-will-valentines-day-set-you-back.html "Love in a time of inflation: how much will Valentine’s Day set you back?") (or night). We call these peak and off-peak hours.

Peak [times are the busiest hours of the day when businesses](https://www.financedigest.com/tough-times-and-risky-business-which-emerging-market-assets-are-a-bet-worth-taking.html "Tough times and risky business – which emerging market assets are a bet worth taking") are operating, and electrical appliances are used most.

Off-peak electricity times are typically between 10 PM and 8 AM. This is when the [energy demand is at its lowest and there is less pressure](https://www.financedigest.com/heavy-norwegian-gas-maintenance-adds-to-energy-price-pressure.html "Heavy Norwegian gas maintenance adds to energy price pressure") on the grid. Check your electricity bill or call your provider to find out your exact hours.

Most energy [suppliers charge](https://www.financedigest.com/tesco-to-charge-online-booker-suppliers-new-fulfilment-charge.html "Tesco to charge online, Booker suppliers new fulfilment charge") a fixed cost for electricity, so it will cost you the same price no matter what time you turn on your dishwasher.

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## Economy 7 or Economy 10 Tariffs

You can benefit from off-peak hours with the option of an Economy 7 or 10 Tariff.

[Economy 7 tariffs give you seven hours of off-peak rates](https://www.financedigest.com/interest-rate-hold-signals-confidence-in-uk-economy.html "Interest rate hold signals confidence in UK economy ") per day, while Economy 10 tariffs allow you to benefit from ten hours of off-peak hours daily.

It’s important to take note that these electricity tariffs will only be worthwhile in [reducing costs](https://www.financedigest.com/latam-airlines-reduces-cost-per-user-by-83-thanks-to-innovative-ad-technology.html "LATAM Airlines reduces Cost Per User by 83% thanks to innovative ad technology") if most of your electricity usage is at night. The tariff for daytime ‘peak-hour’ use will be charged at a more expensive rate than the normal fixed-rate tariff.

## Will An Off-Peak Electricity Tariff Definitely Be Cheaper?

This entirely depends on you. Are you [trying to benefit from the cheapest electricity prices](https://www.financedigest.com/eu-meets-to-try-to-break-gas-price-cap-impasse.html "EU meets to try to break gas price cap impasse")? Then using an off-peak tariff will be best for you if you stick to [consuming power](https://www.financedigest.com/gumgum-powers-into-europe-as-new-research-shows-consumers-reject-behavioural-ads.html "GumGum Powers into Europe as New Research Shows Consumers Reject Behavioural Ads") during the night.

This is ideal for customers who charge their [electric cars](https://www.financedigest.com/stellantis-to-invest-130-million-euros-in-german-plant-for-new-opel-electric-car.html "Stellantis to invest 130 million euros in German plant for new Opel electric car") overnight or have storage heaters. It is also estimated that you can save over 50% on your [energy bills](https://www.financedigest.com/factbox-how-far-are-uk-energy-bills-set-to-rise-and-what-help-are-consumers-getting.html "Factbox-How far are UK energy bills set to rise and what help are consumers getting?") by using your high-energy usage appliances (dishwashers, washing machines, dryers, etc.) on an off-peak tariff.

If this isn’t possible in your household or business, you are likely to end up spending even more on electricity bills than usual.

Monitoring your electricity usage is [important to get the most out of the energy](https://www.financedigest.com/factbox-europe-ramps-up-coal-imports-as-energy-supply-fears-grow.html "Factbox-Europe ramps up coal imports as energy supply fears grow") tariff you choose. Install a smart meter to measure how much [energy you use at specific times of the day](https://www.financedigest.com/russian-missiles-hit-30-of-ukraines-energy-infrastructure-in-two-days-minister.html "Russian missiles hit 30% of Ukraine’s energy infrastructure in two days – minister"). This will help you understand your [electricity consumption and become more energy](https://www.financedigest.com/swedish-energy-minister-need-to-decouple-gas-from-electricity-price.html "Swedish energy minister: need to decouple gas from electricity price") efficient.

## Switching To An Off-Peak Tariff

Are you thinking of switching [energy suppliers](https://www.financedigest.com/french-energy-suppliers-will-let-struggling-bakers-renegotiate-contracts-le-maire.html "French energy suppliers will let struggling bakers renegotiate contracts – Le Maire")?

Compare energy prices from a variety of electricity providers, and find the best rates using [Utility Bidder](https://www.utilitybidder.co.uk/). We’ll help you to pick the top Economy 7 or 10 Tariff option, and find the best energy supplier to [save you money](https://www.financedigest.com/money-saving-hacks.html "Money saving hacks").

## A Word Of Caution

Every year there are thousands of [house fires due](https://www.financedigest.com/what-green-criteria-sustainable-finance-houses-look-for-when-conducting-due-diligence-and-how-businesses-seeking-to-attract-investment-can-get-their-house-in-order.html "What green criteria sustainable finance houses look for when conducting due diligence, and how businesses seeking to attract investment can get their house in order") to overloaded sockets or faulty wires. Fires that start during the night are more likely to go unnoticed and often result in fatalities.

We recommend that you regularly check all of your appliances, and don’t overload your sockets or extension cords. If possible, have someone on your premises at all times throughout the night.

**This is a Sponsored Feature.**


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