Whether it’s charging your electric vehicle or running energy-hungry appliances, shifting your usage to off-peak hours can make a big difference. But when exactly is the cheapest time to use electricity? Let's dive into the world of off-peak energy and how you can make the most of it.
What are off-peak electricity times?
Off-peak electricity times refer to periods when demand on the energy grid is lower — typically late at night and in the early morning. Energy providers offer reduced rates during these hours, encouraging households to use electricity when the grid is less busy. By doing so, you can tap into significantly cheaper power.
The exact off-peak hours can vary depending on where you live, your energy provider, and the tariff you’re on. For example, if you’re on an Economy 7 tariff, you get seven hours of cheaper electricity overnight, often between 11 p.m. and 7 a.m. Scheduling your usage for these hours is when electricity is cheapest and can help lower your overall bills.
The million-pound question: when is electricity cheapest? For most, it’s during those off-peak times at night. If you're on a time-of-use tariff like Economy 7 or Economy 10, the cheapest time to use electricity will be those designated hours when demand is at its lowest.
For example, electric vehicle owners can charge their cars overnight, and homeowners can run dishwashers or washing machines during those off-peak hours to take advantage of the lower rates. By shifting just 40% of your energy usage to off-peak times, you could see noticeable savings on your monthly bill, according to National Energy Action.