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A domestic storage heater which uses cheap night time electricity to heat ceramic bricks which then release their heat during the day. A storage heater or heat bank (Australia) is an electrical heater which stores thermal energy during the evening, or at night when electricity is available at lower cost, and releases the heat during the day as required.
If the storage tank of an electric heater is highly insulated, so that the outer surface of the tank is only slightly warmer than the ambient air, the savings with a tankless heater is less. Savings in water use: Users in remote points in the building do not have to run the hot water as long, waiting for it to get to the faucet.
A storage heating system takes advantage of cheaper electricity prices, sold during low demand periods such as overnight. In the United Kingdom, this is branded as Economy 7. The storage heater stores heat in clay bricks, then releases it during the day when required. Newer storage heaters are able to be used with various tariffs.