Floods and EV's

MouldyOldDough

https://forums.moneysavingexpert.com/discussion/comment/81907622#Comment_81907622

Duuurr !

Believe it or not - petrol prices are going up - result of Middle East issues !

MouldyOldDough

https://forums.moneysavingexpert.com/discussion/comment/81907622#Comment_81907622

But electricity prices have peaked - they can only drop in the long term - whereas Oil prices can only increase !

Hence this decision

born_again

https://forums.moneysavingexpert.com/discussion/comment/81907796#Comment_81907796

Even as a EV driver. I would not be so sure given that electric priced are part based on gas prices.

I would not be surprised if the proposed cuts due later this year do not happen, due to gas prices.

Even today gas is producing 54% of electric production (16:13) was lower earlier on.

uknick

https://forums.moneysavingexpert.com/discussion/comment/81907670#Comment_81907670

I know. But, my point, as others have said, is, so have electricity prices.

My experience is petrol/diesel prices fluctuate more than electricity. In my area petrol prices reached about 170p per litre in summer 2022 up from about 140p per litre at the end of 2021. They are now back to about 132p per litre. As I said previously my cheap rate electricity is still double.

Grey_Critic

For around £3,000 you can get batteries and an inverter fitted and buy CHEAP electricity. They have a surplus at night so sell it cheap. I have a friend with solar panels and an electric car and he actually makes money from it as he sells it back for more than he pays.

Herzlos

https://forums.moneysavingexpert.com/discussion/comment/81907413#Comment_81907413

I have been eyeing up the EV equivalent of mine in a slightly nicer spec and haven't been able to justify the expense. It's tempting right now before prices adjust, but I still don't think it makes sense for how low my mileage is.

Martyn1981

https://forums.moneysavingexpert.com/discussion/comment/81907938#Comment_81907938

Yep, got a few forum friends who have loads of PV and batts, one also has V2G, so able to charge up large amounts over night to sell back during the day. They earn a lot more than they spend, so a negative(?) bill.

I'm not quite so bad, but PV and batts mean that I don't need to buy any day rate leccy anymore*. So despite fully electric home, and two BEV's, our annual leccy bill is ~£600. Was hoping to match that with export income this year, but the reduction in Octopus rate from 15p to 12p means it'll be closer to £500. But that's OK.

*Inevitably some day rate leaks through, lots of ickle amounts as the inverter tries to match output to house demand, plus inability to keep up with microwave and induction hob as they fluctuate power. Plus, evening oven use can sometimes push us over the inverter max output. So typically, around 15kWh to 20kWh of day rate leccy gets through, per month.