EV Tariff massive hidden costs

dunstonh

indeed all over the internet EVers boast their 6.99p per kWh or whatever tariff. Never once mentioned the standard charge or painful peak rate charges.

I have reviewed several EV tariffs over recent years; many show little or no noteable increase in the standard rate. Only the fact that they were typically 4–6 hours prevented me from moving to them, as I require the full 7 hours. It appears that some tariffs have shifted from short, low‑cost charging periods to Economy 7‑style periods.

silverwhistle

It's not something I would suggest for you until you are more up to speed with the dynamics of usage and price, but as a low mileage low use user with solar panels and no home battery I make a half hour variable tariff work, and that can be extremely painful at times and you need to look at longer term averages.

When I calculate mileage costs, and to be honest I really CBA any more, I use my overall average given on my bill. Last month overall rate was under 11.5p. I don't include standing charge because low versus high usage impacts the unit cost so much and doesn't help comparisons.

MattMattMattUK

https://forums.moneysavingexpert.com/discussion/comment/82183439#Comment_82183439

There has been a big swing in the last six months, previously my EV tariffs were 2-3p per kWh more expensive on peak than the price cap rate, but the difference now is around 8-11p per kWh difference. It still works out quite a bit cheaper if one is an avergage electricity users and an average mileage driver as well though.

RelievedSheff

Why is it that people now jump straight to the conclusion that costs are "hidden" and blaming suppliers?

Come on folks, read the contracts you are signing into. Everything is written down in black and white and it is your responsibility to read, and understand, what you are signing up for before you agree to anything.

After you have signed a contract, the only person to blame if you later discover it doesn't suit you is yourself!

rp1974

Nothing hidden about this at all OP,imho,all detailed as regulations require no ambiguity whatsoever,it is the responsibility of the user to decide what's appropriate for their individual circumstances there's no best solution that suits everyone.

FWIW my current Eon Next Drive something or other is 4p from midnight till six and 26p at other times,use approximately 70% at the off peak over an average month so works for me,that'll change next March but fully expect to choose a similar differential tariff,single rate EV charging would be a challenge I'd not willingly entertain however.

Ectophile

https://forums.moneysavingexpert.com/discussion/comment/82183342#Comment_82183342

People will sign up for bad deals without reading the fine print.

I switched from the standard variable rate to an EDF EV tariff. My daily units went up by a fraction of a penny per unit. And I get 5 hours of extra cheap electricity per day. Even without plugging in the car, I'm probably still saving money.

Oscarmax

There are no hidden cost it is clear as daylight. I would have like to change from the standard Octopus Go to Intelligent Go, but unfortunately we cannot easily blind our home solar battery, so I am staying with the standard Octopus Go rate. You can't go through life blind they blaming everybody else.

molerat

I have just crunched some numbers.

My current tariff is 24.03p and I use 7 kWh per day, 1 kWh between 0.00 - 06.00 and 6 kWh between 06.00 - 00.00. That costs £614 per year. I drive around 8000 miles per year and a car that averages 3.5 m/kWh would use 6.25 kWh per day. Total cost for the car and household use £1162, the EV costing 6.9p per mile.

An EV tariff is 8.5p 00.00 - 06.00 and 34.9p 06.00 - 00.00. That use without changing any household habits will cost £989 or 20.45p / kWh with the car costing 5.8p per mile. So the car costs 1.1p per mile less and the house 3.6p / kWh less on an "expensive" EV tariff than on a standard fix. If I were to use the EV tariff without the added EV consumption then it would cost 31.1 p / kWh.

edit. I have just re-run those numbers with a current 12 mth fix tariff which is 29.26p so the savings comparing both at current rates are even higher, the car costs 8.4p per mile and the house use 8.8p / kWh more expensive on the non EV tariff.

Vitor

It's a shame that despite talk and plans, it's not yet possible to use remaining charge in the EV's large battery to power the home in the evening. Running kettles, washing machine, heat-pump etc. through to bedtime while the EV battery has charge, then recharging on the EV rate ready for commuting in the morning, would seem optimal.

molerat

https://forums.moneysavingexpert.com/discussion/comment/82184838#Comment_82184838

What has the EV industry got to say about this, how much are they are going to reduce battery warranties by ? Some sources state 20% battery life reduction with regular V2H use.