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Finding cheapest energy deals for new electric vehicle owner

dc0u
dc0u Posts: 2 Newbie
Part of the Furniture Combo Breaker
I’ve just leased a Kia e-Niro for the next three years and haven’t a clue where to start in finding the best energy deal. All the comparison sites base comparisons on current usage - which will obviously change significantly with the car charging. I have dual fuel at the moment. Don’t know if a single fixed rate is best, or go to one of the new EV tariffs, or Economy 7. Do I split the gas and electric or keep as dual fuel if I go for one of these? Currently spend £67 a month (split about 40 electric / 27 gas) so I am not currently a high user and I have just a standard meter (not a fancy smart meter). Easily confused by all the tariffs out there so appreciate advice from anyone in the know, or in a similar situation. Got a £60 exit fee on current tariff, doe to expire 29 Nov. Concerned about getting into the wrong fixed deal if it has exit penalties....

Comments

  • Gerry1
    Gerry1 Posts: 10,850 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    Presumably you know your annual mileage, so it should be quite straightforward to guesstimate your additional kWh usage.
    What I'd like to know is whether it's realistic to have an additional meter with a separate MPAN so that you can optimise the EV tariff without compromising your existing dual fuel or separate fuel arrangements.  It may seem complicated to have three suppliers, but no more so than buying the basics at Lidl and Aldi and then going to Sainsbury's and Waitrose for the more specialised items.
    • BTW, thinking in ££MDD is the wrong way to do it, think kWh, and don't even mention gas and EVs at the same time.
  • Talldave
    Talldave Posts: 2,002 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    Separate suppliers is often cheaper even before cranking up electricity usage with an EV. Octopus and Tonik seem to offer EV tariffs that aren't a joke.
  • Petriix
    Petriix Posts: 2,302 Forumite
    Ninth Anniversary 1,000 Posts Photogenic Name Dropper
    If you will typically charge overnight then Octopus Go or Agile tariffs are likely to be cheapest for you. Otherwise just look for the lowest price per kWh in your region. Standing charge is likely insignificant compared to the unit price with higher usage but do a comparison and estimate your increase in usage at 3.5 miles per kWh (so roughly 1000kWh per 3500 miles you will drive).

    Remember to factor in any charging you might do away from home. So 10,000 miles might add around 2000kWh to your domestic electricity usage.
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