EV charging tariffs

24

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  • lohr500
    lohr500 Posts: 1,316 Forumite
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    edited 27 July 2023 at 10:50AM
    I'll take a look at the Ts&Cs. We already have a SMETS2 meter set up for 30 minute readings, so one box ticked off!!!

    Edit :

    I have contacted Eon Next for clarification on the Ts&Cs. Our 2 year fix with EDF ends at the end of August. We can then move to the EDF 20:20 tariff which looked like our best option until I picked up on the Eon Next Drive tariff through this discussion.

    Based on my modelling, the Eon NextDrive rates would save around £11 a month (3.3%) over the EDF 20:20 tariff.

    BUT the EDF tariff isn't fixed so could hopefully reduce in Q4. And the EDF tariff provides a longer off peak period through the week and all day on Saturday & Sunday which makes it easier to load shift consumption like clothes washing to more convenient times of the day.

    Decisions, decisions!!! And who knows what other EV type tariffs may appear in the next few weeks. My gut feel says move to EDF 20:20 and keep monitoring the situation, then jump ship if something significantly better appears on the market.
  • michaels
    michaels Posts: 28,996 Forumite
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    lohr500 said:
    I am puzzled by the new EON Next drive fixed tariff when compared to their Eco 7 fixed tariff.

    In our region the Next drive rates are 32.15p and 9.5p with a daily SC of 55.6p. 
    Their 12 month fix Eco 7 rates are 38.35p and 13.83p with a daily SC of 55.7p.

    Both offer 7 hours of off-peak electricity through the early hours of the day, so unless I am missing something, they are basically the same, other than pricing.

    Are the electricity suppliers getting subsidies from somewhere to support lower EV tariff prices or are they just looking to build a portfolio of tariffs targeted at different customers to give an overall return that meets their business plans?

    I wonder if they ask for proof of EV ownership or leasing and what they would consider as an EV? 

    Based on my consumption modelling, the EON Next drive tariff is currently looking like the lowest cost option for us, once my current EDF GoElectric 98 deal ends at the end of August..

    We don't have an EV, but we do have a hungry electric AGA that stores heat using the off peak rate, similar to a storage heater.
    Typically it takes around 6 to 6 1/2 hours to reheat the core each day. Most of the EV tariffs only offer 5 hours off-peak, so by the time we add in +/- 1.5 hours at peak rate (around 6kWh) , the 5 hour EV tariffs aren't cost effective.  


    I guess it is also down to competition, the E7 just needs to meet the price cap rules to be comparable to everyone else's E7 tariff whereas an EC tariff obviously needs to be competitive vs other EV tariffs.
    I think....
  • Scot_39
    Scot_39 Posts: 3,157 Forumite
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    edited 27 July 2023 at 4:12PM
    michaels said:
    lohr500 said:



    I guess it is also down to competition, the E7 just needs to meet the price cap rules to be comparable to everyone else's E7 tariff whereas an EC tariff obviously needs to be competitive vs other EV tariffs.


    Just speculation - but the EV tariff possibly offered at cheaper based on an expectation of heavier use - and specifically heavier night use consistently - as many do not abandon their cars over the summer - but do their heating for 5-6 months of the year.

    And of course energy is typically cheaper over those summer months.

    As even Octopus Tracker users are warned - "likely double" iirc from the FAQ.

  • Qyburn
    Qyburn Posts: 3,441 Forumite
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    dunstonh said:
    It needs to be under around 25p to be cheaper than petrol.  I have a PHEV monitor these things.   
    Surely that depends on the car. At the moment petrol is around £1.40/l or £6.30/gallon. At 50 mpg that's a bit over 12.6p per mile. People with EVs are claiming 3 or 4 miles per kWh, so at 25p that would be something under 8p per mile.
  • thozza
    thozza Posts: 320 Forumite
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    British Gas have recently launched a fixed EV tariff - Electric Driver Sep24 with a reduced peak rate, for us it is 29.26p and 9.4p with 51.22p standing charge. It's only 5 hours off peak, but that is enough for our car.

    I was going to move over to EON but the day rate savings mean BG wins. 
  • shawry_99
    shawry_99 Posts: 158 Forumite
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    Im on EDF Go Electric, our Phev only does about 30 miles on charge, but essentially thats costing me approx 50p a day, so saving me approx £2.50 a day on fuel

    The day rate is the killer, but I have solar and battery, so I top up the battery during the cheap period, so I only really use day time power when the shower is on, thats more than offset by my fuel savings though.
  • dunstonh
    dunstonh Posts: 119,218 Forumite
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    edited 28 July 2023 at 12:31PM
    Qyburn said:
    dunstonh said:
    It needs to be under around 25p to be cheaper than petrol.  I have a PHEV monitor these things.   
    Surely that depends on the car. At the moment petrol is around £1.40/l or £6.30/gallon. At 50 mpg that's a bit over 12.6p per mile. People with EVs are claiming 3 or 4 miles per kWh, so at 25p that would be something under 8p per mile.
    I took that figure from someone else and it is always going to be vague and changeable but it was a useful ballpark.  It came from a thread that was talking about at what point is it best for petrol or electric and basically, if the response was that 25p or cheaper was the ballpark where PHEVs are better on electric.  

    For reference a full charge from empty on our PHEV for 35 miles costs £1.20 for electric.  (8p kWh)
    I am an Independent Financial Adviser (IFA). The comments I make are just my opinion and are for discussion purposes only. They are not financial advice and you should not treat them as such. If you feel an area discussed may be relevant to you, then please seek advice from an Independent Financial Adviser local to you.
  • thozza said:
    British Gas have recently launched a fixed EV tariff - Electric Driver Sep24 with a reduced peak rate, for us it is 29.26p and 9.4p with 51.22p standing charge. It's only 5 hours off peak, but that is enough for our car.

    I was going to move over to EON but the day rate savings mean BG wins. 

    I went through it and it was similar so am in the process of changing on the 1st sept.
    But talking to other people I decided to check and its showing a lot more online now (and I can't log on and see any details). Wish I had taken a screenshot as the tariff online (MSE) says it's more like 38p peak compared to the 30p I'm sure I saw.

  • thozza
    thozza Posts: 320 Forumite
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    Still showing sub 30p for my postcode in N Lincs, you can check directly without the need to get a quote here : https://www.britishgas.co.uk/GetAQuote/tariff-information


  • tripled
    tripled Posts: 2,881 Forumite
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    edited 31 August 2023 at 9:09AM
    There are variations by region, I've just gone across to the EV driver tariff, for me it's 30.302p peak rate but a lower standing charge of 45.21p. Off-peak is the same at 9.4p/kWh.

    The big win over Octopus Go for those with PV is the 15p export rate, plus the night window is 5 hours instead of 4, handy if you've done a long journey and the car battery is low. British Gas service and their app/website aren't anywhere near as good as Octopus though.
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