EV tariff with price cap change

chrishluk

Hi, currently I'm on the Intelligent Octopus Go plan with a new EV car so I've not got into a swing of how much it's costing yet. I'm just seeing what people are thinking of doing with the new price cap?

There is a lot of talk about fixing but not sure if this really counts for EV owners, however the OVO tariff with the EV add-on seems like a good option.

Peter999_2

I'll be doing absolutely nothing.  Intelligent Octopus Go is a great tariff if you have an EV and the savings made for me are way higher than any fixed tariff contract (I think you can actually fix IOG anyway).

I have had IOG since October 2024.   I have done 9129 miles since then and it has cost me £158 in electric charges on IOG (a lot of the charges have been during the day as well).

My old petrol car would have cost me £1,752 in fuel so it's a saving of about £1,600 in 6 months

Netexporter

I'd install a home battery, large enough to cover an average day's consumption. You can fill it up at Go rates, at night, and run the house off it at cheaper than any fixed price deal you'll ever see.

QrizB

I think EON Next have an EV plan with a cheaper EV rate than IOG, and Utility Warehouse have a conventional E7 tariff that's cheaper again. But the daytime rate with UW is much higher than IOG (I'm not sure how EONs daytime rate compares).

I'm sticking with IOG because I can't be bothered to chase a few tenths of a penny per kWh (not very MSE I realise ) but there are other options out there if you want to take a look.

Netexporter said:

I'd install a home battery, large enough to cover an average day's consumption. You can fill it up at Go rates, at night, and run the house off it at cheaper than any fixed price deal you'll ever see.

Already got one, it's very nice!

NorthEastLight

Depends on your usage, ability to plug in during the day & kit.

For me with no hone battery IOG's high day time rate vs competitors, plus the car can't be at home charging during the day  to take advantage of additional cheap slots makes it far less competitive than EDF GoElectric (their fixed rate EV tariff)

EDF have just launched an IOG style smart charging bolt on as well,  though didn't see any details on compatible chargers on their site

chrishluk

I'm going to stick with IOG for now. I'll be keeping an eye on the other tariffs, hopefully some good deals will appear in the next few months. 

I've had a look at the EDF tariff but the rates are higher for both off peak and peak compared to OVO for me. You need to be a customer before checking if your car is eligible for the bolt on.

NorthEastLight

List of compatible cars for EDF smart charge bolt on on https://www.edfenergy.com/electric-cars/ev-tariffs/smart-charging-bolt-on/compatible-evs

EDF use the Kraken platform so guessing it will be similar to octopus compatibility.

Ovo is different to most other EV tariffs in that only car charging gets the cheap rate, all house use is standard rate.

Depending on the difference in the rates, car charging KWh and ability to load shift KWh from day to night you may be able to offset the higher unit tariffs. At least that's how the maths worked for me at one point.