EV owner? Octopus “Go” & “Intelligent” (Switch and Save thousands!) 7.5p/kWh

Jinglish

For all you EV owners out there I hope this helps…

 

Currently Octopus offers two low rate tariffs “Go” which anyone with an EV car can sign up to and “Intelligent” for specific cars/chargers; the only different between the two is an extra 2 hours of low rate electricity. They are both fixed for 1 year. Now here is the good part the low rate of 7.5p/kWh applies to the whole house and not just charging your car! So, if you can set your dishwasher/washing machine/tumble dryers/hot water immersion tank/house battery and a chunk of your electric heating to the low rate hours you can save thousands per year.

 https://octopus.energy/go/

https://octopus.energy/intelligent-octopus/

My example below is based on average usage per day. The numbers are real to me as the kWh is calculated per appliance. My example excludes heating the home as that uses a separate oil system however, my hot water tank is electric.

 

The overall summary is that my predicted heating bill with Octopus for 1 year is £2,140 (including current 5% VAT and excluding the £400 grant) so it will be even less.

 

If I was to stay on the price cap tariff using October’s announced price cap guarantee rate for 1 year I would like be getting a bill for £4,405 (including current 5% VAT and excluding the £400 grant).

 

Overall as it stands today I predict I will save £2,276 per year. Thank you, Octopus!!! 

 

See the breakdown of my calculations below…

I hope this helps.

Mstty

Loving the enthusiasm well done, Octopus go and intelligent are great tariffs.

There is also a search option in the forum

But none the less good to remind people of options with EV's

You do need a smart meter as well, some see this as a barrier as they don't want one and sadly some just don't have a signal to have one.

Discussed probably many times in other Octopus traffic threads👍

Petriix

Obviously referral links are not allowed on this forum, but your overall point is pretty sound for your particular circumstances. We don't know how Go et al will be affected by the price guarantee yet so it might even work out better. Ultimately you need at least 20% of your overall usage to be at the cheap rate for it to work out cheaper than the guarantee price. Seems like a no-brainer for anyone with an EV who can charge at home. I'm still on the 5p rate and about 75% of my usage is off-peak.

Jinglish

Hello,

I posted the official links so people can read themselves. It's so easy I switched over to the standard price cap in 3 days then was on Octopus intelligence within a matter on minutes.

I did a search and didn't find anything that detailed what I am saying its all old conversation.

Wasn't aware that referlinks were not allowed, seems odd for a money saving forum not to allow money saving links.

Only trying to help I don't work for Octopus

Mstty

Referral links aren't allowed otherwise every post would use my code, use my code.

See that cog, top right of your first message. Use that to edit and remove the referral code.

Jinglish

michaels said:

All true but not at all allowed.

Plus you could have said that to get these tariffs currently you need to sign up on th ephone to the standard tariff and then switch to these tariffs once you are an Octopus customer.

So not only not allowed but also lacking vital information.

You are welcome

Referral link aside as I didn’t know I find this post unnecessarily rude.

I put the links to Octopus website which clearly maps out the process. People can read. Shall I put all the T&Cs too 🙄

Big deal you gotta make a 5min phone call to sign up which could save you thousands.

As for smart meters they will just fit you one if you don’t have. So unsure of the comment around that too.

MWT

Jinglish said:

Currently Octopus offers two low rate tariffs “Go” which anyone with an EV car can sign up to and “Intelligent” for specific cars/chargers; the only different between the two is an extra 2 hours of low rate electricity.

It is important that people do read the links and understand the products as there are some very large differences between "Go" and "Intelligent" as you do need to own one of a limited number of EV brands or a specific brand of EVSE if you want to use "Intelligent".

Also people should know that "Go Faster" exists, which offers a choice or 4 or 5 hours at the low rate, and various start times for the low period from as early as 21:30, instead of the fixed 00:30 start time on "Go". 

mwahahaha

Jinglish said:

For all you EV owners out there I hope this helps…

 

Currently Octopus offers two low rate tariffs “Go” which anyone with an EV car can sign up to and “Intelligent” for specific cars/chargers; the only different between the two is an extra 2 hours of low rate electricity. They are both fixed for 1 year. Now here is the good part the low rate of 7.5p/kWh applies to the whole house and not just charging your car! So, if you can set your dishwasher/washing machine/tumble dryers/hot water immersion tank/house battery and a chunk of your electric heating to the low rate hours you can save thousands per year.

 https://octopus.energy/go/

https://octopus.energy/intelligent-octopus/

My example below is based on average usage per day. The numbers are real to me as the kWh is calculated per appliance. My example excludes heating the home as that uses a separate oil system however, my hot water tank is electric.

 

The overall summary is that my predicted heating bill with Octopus for 1 year is £2,140 (including current 5% VAT and excluding the £400 grant) so it will be even less.

 

If I was to stay on the price cap tariff using October’s announced price cap guarantee rate for 1 year I would like be getting a bill for £4,405 (including current 5% VAT and excluding the £400 grant).

 

Overall as it stands today I predict I will save £2,276 per year. Thank you, Octopus!!! 

 

See the breakdown of my calculations below…

I hope this helps.

Apologies for digging up an old thread, but as a new EV owner, I went hunting for other’s opinions on EV tariffs and the impact of the day rate of electricity going up to give you the cheaper over night rate. This gave my exactly what I needed and I’ve just put a similar spreadsheet together so I can track things over time. Thank you!!!

dunstonh

Also check economy 7 rates - especially EDF.     I am currently on 7p for 7 hours off peak.   That is cheaper than the 4 hours you get with octopus at 12p (our area).   However, the day rate is higher.   

EV tariffs are like Eco7 but they vary the hours.   Effectively, the longer and cheaper the off-peak, the higher the peak.

bristolleedsfan

dunstonh said:

Also check economy 7 rates - especially EDF.     I am currently on 7p for 7 hours off peak.   That is cheaper than the 4 hours you get with octopus at 12p (our area).   However, the day rate is higher.   

EV tariffs are like Eco7 but they vary the hours.   Effectively, the longer and cheaper the off-peak, the higher the peak.

From 1 April only Eastern region has a cheaper night rate than 12p and that is 8.59p by DD

https://www.edfenergy.com/sites/default/files/dm1903_pl1_rate_card_builed_aw4_v1.pdf

[Deleted User]

To digress, for EV owners with solar PV and a battery then Octopus Flux offers a more complicated mathematical challenge. For EV owners that need a daily charge, then Intelligent followed by Go are the cheapest Octopus tariffs. Occasional EV chargers may save more money on Flux with its 25 and 40p/kWh export rates.

Yesterday, my array exported £6.09’s worth of electricity. It would have only been worth £0.98 if I was on Go with fixed SEG.