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“ At 7.5p current overnight price of Intelligent Octopus”
15.8p (nighttime) on E7 Octopus the new tariff they are offering is a similar price saving £4 per month and 100% renewables.
Maybe I should change my point to “make E7 nighttime rates the same as other tariffs not “Electric boilers using cheap rate electricity are expensive”.
Mr_Smyth
We can’t get mains gas. Our oil combi uses around 900l per year, which cost £600 earlier in the year. Add on £120 for boiler servicing is total £720.
900l oil is about 7750kWh of heat assuming 80% efficiency. If we got that from a tepeo electric combi at 87% efficiency (from their website), that would be nearly 9000kWh electric. At 7.5p current overnight price of Intelligent Octopus, that would be £675 + no servicing costs.
Unless I’ve missed something, which is entirely possible, at my current electric prices a Tepeo combi seems worth considering - granted the thing hasn’t been released yet, but like I said, I’m keeping an eye on them because I want to replace the oil burner asap.