Incentives & schemes

Economy 7

Economy 7 is a multi-rate electricity tariff with a lower off-peak electricity rate for a set number of hours and a different rate outside that period. The exact time window and prices depend on the supplier and meter arrangement. Overnight EV charging can make use of off-peak tariffs, although modern EV tariffs can use different time windows and pricing structures from traditional Economy 7. Smart charging can schedule charging into lower-cost periods without treating Economy 7 as the only form of time-of-use tariff.