very very rough numbers, it takes 1.2 watt hours to heat 1 litre of water 1'C
so you have 200 litres, that means you need 240 watt hours per 1'C rise in temp
your heater is 300 watts not 240, so with no losses, heating 200 litres, it should heat it by 1.25'C per hour
ok.. that's no heat loss and heating water, but you get the idea, it'll take a long time to warm up, and cost about 4p/hour to run :-)
EDIT: someone check these numbers for me? they look right, but feel wrong