Hi Jalexa
As Mynewt says, Heatwise is a different tariff to Economy 10 albeit with a lot of similarities. Both are designed for customers with storage and water heating.
Whereas Economy 10 is widely available throughout the country, Heatwise is restricted to the East Midlands region.
As I have said previously, I am no expert on the technicalities of Heatwise but I have spoken to our metering people about this set up.
There is a unit which sits next to the meter. This controls the Heatwise part of the set up in the way Mynewt has described. The heating/water circuitry at the property needs to be wired into the Heatwise section through a consumer unit.
This controls the times the heating/water are operational and charges as per the times I have posted previously. All other electrical usage (lights, appliances, etc) continue to go through the standard circuitry and are charged independently at the normal prices, either single rate or Economy 7.
I hope my limited technical knowledge makes this a little clearer but let me know if I can help further.
Malc