Iberdrola’s Night Plan Explained
THE IBERDROLA Night Plan (aka Day and Night Energy) is a similar tariff to Economy 7, commonly used in the UK. It provides cheap electricity during the off-peak time of day.
The Night Plan offers over 50% off the standard rate for a unit of electricity for 14 hours every day. Love or hate Iberdola, that’s a generous offer!
The current offer per unit (kilo-watt hour) is 6 cents for the cheap “Night” rate and 14 cents for the peak rate. Many Iberdrola customers pay more than than 14 cents on standard rates.
Check your electricity bill….´even if you are a “Day & Night” user you may still be paying over the odds compared to the rates on Iberdrola’s current offer for 2017.
Changing your electricity contract from the standard plan to the Iberdrola Night Plan is the number one way to save energy and lower your electricity bill.
The cheap rate period during winter is from 10:00 pm (22:00) to 12:00 noon the following day. During summer time it moves one hour forward from 11:00 pm (23:00) to 1:00 pm (13:00). This 14 hour window is the best time to use your most powerful electrical appliances, since the running cost is cheapest.
What savings to expect with the Night Plan
Using your appliances wisely can see 60 – 70% of your electricity being consumed during the cheap rate period. The more appliances that you can revert to use during the 14-hour window, the more money you will save. The savings can easily be checked on your electricity bill under “Consumption and Billing”.
To help calculate your electricity consumption, try using is a Home Energy Monitor.
Bottom Line: Iberdrola’s Night Plan will provide you with the cheapest electricity bill.Consider heating your home using an eCombi heating system. The heaters are designed to use electricity during only during cheap rate period. Click here to read more