Octopus Go

Bibou22

Hi all,
I've been following the advise from Martin and been sticking with my SVR with Scottish Power at 20.20p per kw and a standing charge of 26.46p.

But i'm wondering whether I would be better moving to octopus with their go tariff which is charged at 7.5p per kw (12:30-4:30am) and a day rate of 29.64p and a standing charge of 26.46p. Especially if the predictions of the price cap increasing in April comes true.

I've got an electric vehicle which I add 24kw to per day, five times a week. My household usage is between 10-15kw daily. I'm thinking I could charge the car on the four hour cheaper rate and move some of my household items, such as water heating overnight too.

Any advise appreciated.

[Deleted User]

Only you can do the sums. I am on Octopus Go Faster and I am able to move a very large amount of my usage to the offpeak period. That said, the recent increase in Go’s peak price has resulted in a number of EV owners switching from Go to a standard E7 tariff. Put simply, what matters is the peak:offpeak ratio. 

QrizB

In your particular case, you're using 120kWh for your EV and 100kWh for your home every week.

• (100+120)kWh on the current SP SVR would cost £44.44
• 120kWh at 7.5p plus 100kWh at 29.64p would cost £38.64

The Go and SP standing charges are close enough that we can ignore them. You'll save around £6 a week on Go (more if you can move domestic loads to the off-peak period).

Note also that the SP SVR is likely to increase by enough in April that your 220kWh could then cost £60, not £44, while Go is fixed for 12 months.

Petriix

Go for it. Just make sure you have a compatible smart meter before you switch to Octopus.