EDF temporarily pulled Ev tarrifs

middlewife

Swipe said:

middlewife 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?

about 10 years from now, if I'm lucky...

middlewife

Oh dear, I am not telling people they must or should buy an EV!!!  I am fortunate to have had a small inheritance which will cover the final balloon payment on a pcp deal. ICE vehices are cheaper by far and will be as manufacturers have a fair few to shift before switching production to hybrid or BEVs. Talking with a dealer last month she reckoned if anything, prices of BEVs will increase as demand far outstrips supply. Yes there are 2 sides to the argument. If you have disposable income or savings and expect to live for 15 years or not move, then it probably makes sense to install solar/battery storage/buy an EV. At some point parity will come into play, electric vehicle & time of use tarriffs will be pulled, grants discontinued and equal road tax applied. I can see feed in tarriffs disappearing too as we switch to a majority of users eventually adopting new technology. If you are solely looking at ROI then it's very close, for now anyway, however energy prices will rise in the short term so ROI estimates will change. Unfortunately, going green, is, mostly, for the comfortably off. Taking a break now, day 3 with Covid, going back to bed!

Swipe

middlewife said:

Swipe said:

middlewife 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?

about 10 years from now, if I'm lucky...

You are expecting the off peak to remain at 7.5p for the next decade? I'm not buying that (or an EV)

Petriix

Mstty said:

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👍

That's funny, because my spreadsheet tells me that scrapping my 16 year old diesel car and buying a brand new EV has saved me about £3k, including depreciation which has actually been zero so far.

michaels

Petriix said:

Mstty said:

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👍

That's funny, because my spreadsheet tells me that scrapping my 16 year old diesel car and buying a brand new EV has saved me about £3k, including depreciation which has actually been zero so far.

I have a horrible suspicion my 7.5 year old 70k mile EV is worth about the same now as it was when I bought it at 2 years old and 16k miles....

brewerdave

Petriix said:

Mstty said:

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👍

That's funny, because my spreadsheet tells me that scrapping my 16 year old diesel car and buying a brand new EV has saved me about £3k, including depreciation which has actually been zero so far.

Far from an expert on EVs but I suspect that the smaller urban style EVs will have little or no depreciation whereas a "fully spec'd" lux EV will depreciate virtually as quickly as it's ICE counterpart.