Wow, I see the emotion about this whole matter never ends.
A few things I picked up in this thread that are strange if not incorrect and others that are totally dependent on hot water usage patterns and how many persons there are in a household.
(1) Legionaire's Disease: There is NO way that a geyser that never get above 55° C can combat this virus. It is only a matter of time and how healthy the persons exposed to water below 55° C are. It is a recognised fact that if you want to kill off bacteria in a hot water system, that the water MUST get above 60° C for a reasonable amount of time every day.
(2) Improving the insulation of a geyser AND the pipes leading to and away from the geyser is critical. This one single move reduces the heat loss form the hot water system to the minimum possible. Geyser blankets are less effective with modern geysers than with older geysers so it ay not have the same effect these days as it did in the past.
(3) Identifying where other possible places where excessive heat loss occurs is equally critical. The biggest issue is the distance of the geyser from the place where water is drawn. Drawing hot water form the geyser in our place in the kitchen means we have to run the tap and file a 5 litre bucket before the water is hot. I solved this problem by installing a water heater on the line to the kitchen below the sink, not only saving on the amount of water used, but also ensuring that hot water is instantly available and thus reducing the amount of hot water drawn out of the geyser to a minimum.
(4) You cannot turn off the cold water supply into a pressurised geyser system, only into a low pressure gravity fed hot water geyser. This is a very dangerous practise, as a geyser should never be allowed to run empty anyway.
(5) Changing a family's water usage pattern is very Important! the smaller the geyser, the more important it becomes. Coupled with this is the amount of water used out of the hot water system at lower temperatures is very significant. this is where a timer has a physiological effect on everyone using water in the system. Subconsciously, everyone knows that hot water is only available at certain times, and that they must use it sparingly so everyone will get some works wonders! This is a major benefit of a timer ! ( or any other geyser control system for that matter. In bigger families, you need a larger geyser, and the temperature must be set hotter. In smaller families (2 adults say). you can go smaller but and possibly lower temperatures but never below 60° C.
(6) Ripple relays and municipality controlled timers DO NOT help anyone save money, they only allow one to load balance or shift load from high usage times to low usage times. I use a simple ECU, which will switch off the geyser when ever the stoves are on.
(7) All the scientifically correct calculations cannot account for hot water usage patterns in a household, so while those that argue about the formulas and whether they work or not are really wasting their time. Of course the formulas are correct. It is the water usage pattern that influences what persons measure as a "saving". There is NO point in keeping the geyser going If there is no demand for hot water. Just switch on when you know there is going to be a demand for hot water, it works!
(8) You cannot do any short term measurements either. One has to know what the "normal situation is with accurate measurements (unaffected by other power usage), then implement a timing sequence and again measure until one gets the optimum. savings.
I KNOW that with a timer, I can reduce the power consumption of MY GEYSER by 40% with the twice a day sequence I have that is different between winter and summer. I have a different temperature setting based on how many persons in the home as well, as a different setting for summer and winter. It is a bit of a bastard having to climb into the roof to change the temperature setting so a more modern geyser control system does help.