Best option for EV tariff

kokolino23

Hello,
We're with Octopus and we had a fixed tariff until December 2025. Commuting to a new job pushed me to buy an electric car so I had to switch the Electricity tariff to Intelligent Octopus Go. This comes with a price because we have to pay more during the day and can't get another fixed tariff.
What would be the best option for us considering the recent price increase?
Thank you 

Peter999_2

Hi,
How many miles roughly will you be doing a month?    The amount of money you will save on fuel will most likely easily outweigh the additional cost of the more expensive daytime electric.

To give you an idea, we've had Intelligent Go since 1st October 2024.   We've done 13,161.2 miles (two cars).  This has cost us £227.51 (we pay 7p per kWh - it's fixed for a year and I don't know if it has increased for new customers).    I calculated how much it would have cost in our old cars. The petrol cost would have been £2,500.63 so we have saved £2,273.12 in slightly over a year.

Don't forget that the whole house gets the cheap rate whenever the car is being charged (quite often, intelligent go schedules charging during the day for us).    We therefore do all the washing/drying/dish washing/cooking (when possible) when the car is charging.     We used to pay about £130 a month for electric on the standard cap and now we are paying about £120 including charging the cars.   We have also got more energy efficient in the last year so it's not a simple comparision.

QrizB

You'll need to do the maths, as above. Which tariff is best for you will depend on how your consumption is split between the two rates.

Have you looked at the MSE guide?

https://www.moneysavingexpert.com/utilities/ev-energy-tariffs/

Keep_pedalling

If you don’t heat with electricity then an EV tariff is going to be cheaper even if you don’t do a massive amount of miles. 

chrisw

Peter999_2 said:

Don't forget that the whole house gets the cheap rate whenever the car is being charged (quite often, intelligent go schedules charging during the day for us).    We therefore do all the washing/drying/dish washing/cooking (when possible) when the car is charging.     We used to pay about £130 a month for electric on the standard cap and now we are paying about £120 including charging the cars.   We have also got more energy efficient in the last year so it's not a simple comparision.

Yes, I set the dishwasher and washing machine to run overnight which felt a bit uncomfortable at first with the stories about fires,etc, but I have plenty of smoke alarms and have got used to it now. My monthly bill has also dropped from £140 to £120 including charging the car, from my previous fixed tariff. So free motoring effectively.

MattMattMattUK

I have an electric only flat, I charge my EV on the IOG tariff, heat water on the cheap rate, run the dishwasher and washing machine mostly overnight. I rarely need to use the heating as it is very well insulated but when I do the additional barely matters (not storage heaters) as I save enough on everything else. The same as Chris above, my overall energy bills went down even including all my EV charging. I do around 1,000 miles a month, that costs me about £16-18, which is brilliant.