what does rate 1 and rate 2 mean on a pre-payment electricity meter?

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  • what does rate 1 and rate 2 mean on a pre-payment electricity meter?


Answer #1 | 22/12 2013 02:35
2 possibilities: meter will charge a higher rate for the first x units, to either include standing charges or recover past debt or you have a economy 7 system (do you have storage heaters?) and the rates are different for day and night use
Positive: 69 %
Answer #2 | 23/12 2013 10:35
Normally this is used with certain tariffs. For example, Economy 7 has 2 tariffs - one tariff is the peak rate and the other is off peak. The peak rate is dearer, and the off peak cheaper. Rate 1 is likely the dearer one. This will be in operation for the times your company has set the peak rate for. Likewise, rate 2 will kick in at the other times. You would have to contact your supplier to find out the exact times, as all companies have thier own times of day for each tariff.
Positive: 63 %

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