Hybrid thoughts?

Petriix

Steve182 said:

ComicGeek said:

Steve182 said:

Petriix said:

Unless she's regularly driving over 200 miles per day or is home for less than 7 hours per night then an EV would certainly be a better choice. Hybrids often average around 40mpg in normal usage. That's ~ 20p per mile. EVs charged at 7.5p per kWh run at 2p per mile.

Please tell me where one can charge an EV at 7.5p/kwh?

My current cost, if charging at home is 28p or about 10p/mile

Do you only get 2.8 miles per kWh from your EV? That's really inefficient, and part of your issue.

I do >95% of my charging at work for free and <5% at home with the plug in charger that came with the car, so the charging cost is not an issue for me. I get pretty rubbish miles per kwh because I love the cars performance and exploit it whenever safe and legal. It matters not to me whether it costs 6p mile or 12p mile, both are incredibly cheap compared to ICE cars. I'd much rather drive a 360hp EV and have some enjoyment at 10p or more PM than a 100hp @ 5p!

I raised the point about 7.5p/kwh being unrealistic because it's misleading. As others have said, you get a split tariff but rob Peter to pay Paul so it's not really 7.5p. 

That's a totally illogical way to look at it. Ignoring the EV completely, my domestic electricity is averaging under 15p per kWh. Octopus Go is saving me hundreds of pounds vs being stuck on the price cap. I'm fixed until January with a peak rate of 24p.

I'm still baffled as to why anyone would look at the hybrid Kona. The full EV has more than enough range for all but the most extreme use case. If you're driving more than 200 miles in a day often enough for it to be a factor in your choice of vehicle then a PHEV isn't going to work out more economical than a decent, regular diesel car.

Grumpy_chap

Petriix said:

That's a totally illogical way to look at it. Ignoring the EV completely, my domestic electricity is averaging under 15p per kWh. Octopus Go is saving me hundreds of pounds vs being stuck on the price cap. I'm fixed until January with a peak rate of 24p.

Is this comparison a fair one?
I think it could be spurious.
There are many people still riding out whatever fixed tariffs were previously signed up to, but those tariffs are no longer available and everyone is being migrated to price caps in one way or another. 
It is only fair to say "get Octopus Go with a fix of 24p/kWh" if that, or something similar, is still available for the majority to join.
There are also a good proportion of households for which Octopus will not offer tariffs full stop - I know as I am one.

MX5huggy

Grumpy_chap said:

Petriix said:

That's a totally illogical way to look at it. Ignoring the EV completely, my domestic electricity is averaging under 15p per kWh. Octopus Go is saving me hundreds of pounds vs being stuck on the price cap. I'm fixed until January with a peak rate of 24p.

Is this comparison a fair one?
I think it could be spurious.
There are many people still riding out whatever fixed tariffs were previously signed up to, but those tariffs are no longer available and everyone is being migrated to price caps in one way or another. 
It is only fair to say "get Octopus Go with a fix of 24p/kWh" if that, or something similar, is still available for the majority to join.
There are also a good proportion of households for which Octopus will not offer tariffs full stop - I know as I am one.

Why won’t Octopus offer you a contract the only reason people can’t get on Go is if they don’t have an EV and if they can’t half hour reads off a smart meter. I’ve saved a fortune in the last 2 years with Octopus and although my fixed period has finished on Go I’m signing up for another year as I will save £500 ish again. Plus if things change I can leave at anytime. 

Steve182

24p/kwh is not available to new customers. The rate I was quoted by Octopus Go tonight was 35p.

I have a mortgage interest rate of <2% which is not available to new customers, so I don't go and quote it on the mortgage board as if it were a market rate available to the general public, that would be a bit misleading!

I would also add that the 7.5p tariff from Octopus Go is for only 3 hours a night, 0030 to 0430

My Tesla charges at 33mph (nominal range) @ 7.2kw so at best one would be able to add 100 miles nominal, 75 miles actual per night

A bit pointless I think. maybe better off spending a couple of hours at the local Tesco and charging there for free...

MX5huggy

Steve182 said:

24p/kwh is not available to new customers. The rate I was quoted by Octopus Go tonight was 35p I have a mortgage interest rate of <2% which is not available to new customers, but I don't go and quote it on the mortgage board as if it were a market rate available to the general public!!!

35p and 7.5p which quickly can be shown that 1/3 at 7.5p and 2/3 at 35p gives an average unit cost of 25.8p plus you lock in for 1 year avoiding the 50% plus predicted October price rise. 

I’m not going to mention the rates on Go I’m on till January. 

Steve182

MX5huggy said:

Steve182 said:

24p/kwh is not available to new customers. The rate I was quoted by Octopus Go tonight was 35p I have a mortgage interest rate of <2% which is not available to new customers, but I don't go and quote it on the mortgage board as if it were a market rate available to the general public!!!

35p and 7.5p which quickly can be shown that 1/3 at 7.5p and 2/3 at 35p gives an average unit cost of 25.8p plus you lock in for 1 year avoiding the 50% plus predicted October price rise. 

I’m not going to mention the rates on Go I’m on till January. 

What's the relevance of 1/3?  21 hours @ 35p VS + 3 hours @ 7.5p

24/3 = 1/8th

((19h X 35p) + (3h X 7.5p))/24 = 28.64

I'm not sure this is fixed post October

DrEskimo

Steve182 said:

MX5huggy said:

Steve182 said:

24p/kwh is not available to new customers. The rate I was quoted by Octopus Go tonight was 35p I have a mortgage interest rate of <2% which is not available to new customers, but I don't go and quote it on the mortgage board as if it were a market rate available to the general public!!!

35p and 7.5p which quickly can be shown that 1/3 at 7.5p and 2/3 at 35p gives an average unit cost of 25.8p plus you lock in for 1 year avoiding the 50% plus predicted October price rise. 

I’m not going to mention the rates on Go I’m on till January. 

What's the relevance of 1/3?  21 hours @ 35p VS + 3 hours @ 7.5p

24/3 = 1/8th

((19h X 35p) + (3h X 7.5p))/24 = 28.64

I'm not sure this is fixed post October

It depends what your electricity usage is during those hours (and it's 4hours at 7.5p). You don't use the same amount of electricity throughout the day in each hour.

If your annual electricity usage during the off peak period is more than 30% of your total, then you will see an average cost per kWh lower than your fixed £0.28.

In my case, I use about 3,500kWh during peak hours, and 3,000kWh off peak (mostly just the EV and dishwasher, so not trying particularly hard). If I was paying £0.34/£0.075 then that would work out at an average cost of £0.21/kWh.

Grumpy_chap

MX5huggy said:

Why won’t Octopus offer you a contract 

They won't take customers with a meter.  You must have smart meter.

OK - technically, they did offer a rate before all the price-caps became what it is - but whereas Octopus were cheapest in market, once they found I had a meter, the competitive rates were suddenly not available and only rates offered were the most expensive in the market.

Obviously, now with the price-cap situation, it is hard for anyone to change suppliers.

ComicGeek

Steve182 said:

24p/kwh is not available to new customers. The rate I was quoted by Octopus Go tonight was 35p.

I have a mortgage interest rate of <2% which is not available to new customers, so I don't go and quote it on the mortgage board as if it were a market rate available to the general public, that would be a bit misleading!

I would also add that the 7.5p tariff from Octopus Go is for only 3 hours a night, 0030 to 0430

My Tesla charges at 33mph (nominal range) @ 7.2kw so at best one would be able to add 100 miles nominal, 75 miles actual per night

A bit pointless I think. maybe better off spending a couple of hours at the local Tesco and charging there for free...

I have Octopus Go at 35p/kWh peak and 4 hrs at 7.5p/kWh 0030-0430.

I charge my EV for about 2 hrs every night, and then also charge my home battery at the same time. The battery then provides all electricity usage for the house, and is topped up by my PV system during the day, as well as using the PV directly in the house first. On a sunny day, I get most of the house covered by the PV for free, and on a really cloudy day I get electricity at about 9p/kWh taking into account system losses. I can only charge the battery cheaply because I have the EV tariff, but it's all part of my energy strategy for the whole household.

I can add 120 miles per night at the cheap rate - with a range of 330 miles, not really difficult to cover all mileage I need. 

Just sounds like you can't be bothered to save money on this, and perhaps you don't need to if you're mainly charging at work. But for people who do want to reduce costs there are ways to do this.

MX5huggy

Grumpy_chap said:

MX5huggy said:

Why won’t Octopus offer you a contract 

They won't take customers with a meter.  You must have smart meter.

OK - technically, they did offer a rate before all the price-caps became what it is - but whereas Octopus were cheapest in market, once they found I had a meter, the competitive rates were suddenly not available and only rates offered were the most expensive in the market.

Obviously, now with the price-cap situation, it is hard for anyone to change suppliers.

If you want to use a Smart tariff  you need a smart meter, Join Octopus and they will fit one then 48 hours later you can be on Go. If you speak to the right team/people at octopus they will take you on as a new customer.