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EDF temporarily pulled Ev tarrifs

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  • middlewife
    middlewife Posts: 135 Forumite
    Part of the Furniture 100 Posts Name Dropper Combo Breaker
    It costs other half £110 for diesel for 600 miles, 7.5p per kWh for overnight electricity is WAY cheaper, £14.40 to do equivalent miles in fact; trust me, I spent hours crunching the numbers.... ;)
  • Mstty
    Mstty Posts: 4,209 Forumite
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    I am like you middlewife I always see the up sides but depending on the miles you do and initial price of the more expensive EV studies are appearing that it's a closer run thing even at current Diesel prices than people think.

    Did you buy outright or lease?
  • Swipe
    Swipe Posts: 6,069 Forumite
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    It costs other half £110 for diesel for 600 miles, 7.5p per kWh for overnight electricity is WAY cheaper, £14.40 to do equivalent miles in fact; trust me, I spent hours crunching the numbers.... ;)
    And how long do you expect it to stay at 7.5p once everyone stops buying petrol and diesel vehicles?
  • Petriix
    Petriix Posts: 2,303 Forumite
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    Mstty said:
    I am like you middlewife I always see the up sides but depending on the miles you do and initial price of the more expensive EV studies are appearing that it's a closer run thing even at current Diesel prices than people think.

    Did you buy outright or lease?
    These 'studies' typically ignore the existence of tariffs with cheap overnight charging or just base the comparison on public rapid charging costs.

    For a reasonably economical, 50mpg diesel it currently costs about 18p per mile in fuel. For an EV to be comparable to run at 3.5 miles per kWh it would have to cost 64p per kWh. Over the last 18 months the electricity I've used to charge my EV has cost an average of just over 4p per kWh.

    As far as EDF goes, their EV tariffs have never really been competitive. They may have had a low headline rate, but the associated peak rates, standing charges, exit fees and linked gas tariff have made the overall package far worse than it would appear.

    No one knows how things are going to look in the future. 
  • Mstty
    Mstty Posts: 4,209 Forumite
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    Petriix said:
    Mstty said:
    I am like you middlewife I always see the up sides but depending on the miles you do and initial price of the more expensive EV studies are appearing that it's a closer run thing even at current Diesel prices than people think.

    Did you buy outright or lease?
    These 'studies' typically ignore the existence of tariffs with cheap overnight charging or just base the comparison on public rapid charging costs.

    For a reasonably economical, 50mpg diesel it currently costs about 18p per mile in fuel. For an EV to be comparable to run at 3.5 miles per kWh it would have to cost 64p per kWh. Over the last 18 months the electricity I've used to charge my EV has cost an average of just over 4p per kWh.

    As far as EDF goes, their EV tariffs have never really been competitive. They may have had a low headline rate, but the associated peak rates, standing charges, exit fees and linked gas tariff have made the overall package far worse than it would appear.

    No one knows how things are going to look in the future. 
    The real life studies I am talking about is people part exchanging their Diesel car for a new EV. This cost has to be accounted for otherwise it's like people buying batteries for solar and saying I run my house for free from day 1 without taking into account the initial battery cost and install.

    The difference in price and comparison to my A4 diesel estate for an equivalent is £47,000 that I would have to pay for. This is not insignificant and has to be taken into account for running costs. The depreciation is also far higher as the new car depreciates faster in the first 3 years of its life.

    This is generally where people are in the situation above. Real life studies don't even break even, even at 7.5p kWh which cannot continue forever and neither can free road tax.

    That's why I asked if the OP leased or bough outright and I was going to ask the monthly costs including maintenance.

    It's a lovely idea but you will be surprised how close the result are for 3-5 year ownership👍
  • QrizB
    QrizB Posts: 21,588 Forumite
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    edited 10 July 2022 at 10:35AM
    Swipe said:
    It costs other half £110 for diesel for 600 miles, 7.5p per kWh for overnight electricity is WAY cheaper, £14.40 to do equivalent miles in fact; trust me, I spent hours crunching the numbers.... ;)
    And how long do you expect it to stay at 7.5p once everyone stops buying petrol and diesel vehicles?
    At least a decade, if that's the only factor we're considering.
    UK new car registrations are around 2M/yr, and there are something like 40M cars on the road. If every new car is a BEV, and if new cars replace old cars on a 1:1 basis, it will take 20 years before all the cars on the road are BEVs.
    Even if we say that only half those 40M cars are regularly used (the rest being show cars, collectibles or whatever) you're still looking at only replacing 10% of them each year.
    And 2M BEVs doing 8k miles/year at 4 miles/kWh is 20TWh/yr of electricity. This year's CfD allocation round awarded contracts that will supply more than twice that amount, most of it for less than 4p/kWh wholesale, and there are plans to run further CfD rounds annually.
    Mstty said:
    The difference in price and comparison to my A4 diesel estate for an equivalent is £47,000 that I would have to pay for.
    I wasn't aware of Audi sold an A4 BEV estate. Can you provide a link? Or were you comparing it to a completely different vehicle?
    N. Hampshire, he/him. Octopus Intelligent Go elec & Tracker gas / Vodafone BB / iD mobile. Ripple Kirk Hill Coop member.
    2.72kWp PV facing SSW installed Jan 2012. 11 x 247w panels, 3.6kw inverter. 35 MWh generated, long-term average 2.6 Os.
    Ofgem cap table, Ofgem cap explainer. Economy 7 cap explainer. Gas vs E7 vs peak elec heating costs, Best kettle!
  • Mstty
    Mstty Posts: 4,209 Forumite
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    Yes the equivalent space internal for what we use our current Diesel quattro estate for is the Audi eTron quattro 

    https://www.audi.co.uk/uk/web/en/models/e-tron/e-tron/trim-line.html

    The conservative difference in price for us is £47,000 difference, more likely £55,000 if we were to spec like for like.(Brochures on the table as we speak and calculator at the ready......depending on BBQ and beer today lol) 

    For our calculations 53% depreciation on the eTron quattro over 3 years or roughly £37,500. Depreciations on our current car over the next 3 years £10,000
  • QrizB
    QrizB Posts: 21,588 Forumite
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    Mstty said:
    Yes the equivalent space internal for what we use our current Diesel quattro estate for is the Audi eTron quattro
    That's a bit like saying I can't afford to replace my Fiat Panda wth a Ferrari, though (same manufacturer, different marque).
    For our calculations 53% depreciation on the eTron quattro over 3 years or roughly £37,500. Depreciations on our current car over the next 3 years £10,000
    Sorry but there's so much wrong with that statement that I'm not even going to try.
    N. Hampshire, he/him. Octopus Intelligent Go elec & Tracker gas / Vodafone BB / iD mobile. Ripple Kirk Hill Coop member.
    2.72kWp PV facing SSW installed Jan 2012. 11 x 247w panels, 3.6kw inverter. 35 MWh generated, long-term average 2.6 Os.
    Ofgem cap table, Ofgem cap explainer. Economy 7 cap explainer. Gas vs E7 vs peak elec heating costs, Best kettle!
  • Mstty
    Mstty Posts: 4,209 Forumite
    1,000 Posts First Anniversary Photogenic Name Dropper
    edited 10 July 2022 at 11:50AM
    Fair enough don't try but maybe work on rudeness, like I said working out all the figures after reading the true cost of EV literature out there and pricing up a new A4 Diesel quattro estate versus the EV equivalent above which meets our requirements(none that need listing here for business and personal space and range etc etc). Will price up the running costs over 3 years as we are due to change our car. Audi for Audi is not fiat for Ferrari lmao. 

    At the moment a new diesel is winning from the fag packet calculations. Whether that interests you or others is of no consequence just pointing out it's not the slam dunk saving people think it is.

    Anyway I won't bung up this post will post separately once all calculations are done👍


  • michaels
    michaels Posts: 29,456 Forumite
    Part of the Furniture 10,000 Posts Photogenic Name Dropper
    Mstty said:
    Fair enough don't try but maybe work on rudeness, like I said working out all the figures after reading the true cost of EV literature out there and pricing up a new A4 Diesel quattro estate versus the EV equivalent above which meets our requirements(none that need listing here for business and personal space and range etc etc). Will price up the running costs over 3 years as we are due to change our car. Audi for Audi is not fiat for Ferrari lmao. 

    At the moment a new diesel is winning from the fag packet calculations. Whether that interests you or others is of no consequence just pointing out it's not the slam dunk saving people think it is.

    Anyway I won't bung up this post will post separately once all calculations are done👍


    Is that with the bik advantage or does that not apply?
    I think....
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