If you have electric heating it will normally be a system using electric storage heaters, commonly known as ‘Economy 7’.
Economy 7 is the tariff by which electricity is supplied. You’re charged different rates for the electricity you use depending on the time of day or night it is used. The majority of energy supplied for heating and hot water will be at the lower (night) rate, when the cost of electricity is cheaper. The remaining electricity needed for non-heating purposes (cooking, ironing, watching television, etc.) is charged at the higher (day) rate. This costs nearly three times as much as the lower rate.
Hot water is supplied from a high capacity storage cylinder. The cylinder, which has a tank above, is insulated and fitted with two immersion heaters.
There are two basic ways of using the hot water system, the best choice for you will depend upon your lifestyle and water usage.