Posted: Sat Aug 28, 2021 2:03pm
I understand that the hours for low, medium & high tariffs were changed for the whole country (from 1st June?). However, if you were already on a fixed plan (e.g. the Stable Plan that we are on), then your tariffs shouldn't have changed. If you were on the equivalent of the Standard Variable Tariff, then you would have incurred higher charges due to the change in hours / tariffs. This is my understanding anyway...
We are on the Stable Plan tariff, where we pay a flat rate of approx. €0.16 per kWh for all consumption. On the variable tariffs, I think you can pay as high as €0.22 per kWh in the peak times. The Stable Plan from Iberdrola is currently available at €0.15 per kWh fixed for 5 years; and they have other plans, so maybe worth looking at what suits you best?
However, we have recently had solar panels installed and are in the process of moving to the Solar Plan, where we will pay €0.12 per kWh for consumption from 6pm to 9am and €0.18 per kWh for consumption from 9am to 6pm (when we will be generating, so expect to have minimal consumption from the grid). We will also receive €0.05 per kWh for excess electricity exported to the grid.
Our solar panels have cost us approx. €4,000, with a maintenance plan and a 10 year guarantee. The payback period is calculated to be 6-7 years, so it's clearly a long-term investment. However, as we expect our next car to be electric in a few years time, we can only see us benefitting more.
Hope this helps!