Experts are calling on electric vehicle owners to ensure they are getting the best prices available to them when charging at home ahead of the new energy price cap.
From tomorrow, Tuesday, October 1, new prices will be introduced meaning Britons will see costs rise from £1,568 to £1,717 a year – an increase of 10 per cent.
The new energy price cap, which will be in force between October 1 and December 31, will impact electric car owners who will see their costs rise when charging their EVs.
Despite this, experts have highlighted the potential savings on offer with particular tariffs to help save them money ahead of the Ofgem price hike.
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The new energy price cap will come into effect on Tuesday, October 1
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Using the Intelligent Octopus Go tariff could see EV owners spend just seven pence per kilowatt hour (kWh) or an efficiency rate of four miles per kWh.
The Octopus technology also comes equipped with dynamic charging, allowing EVs to be charged at times when prices are at their lowest by connecting with the national grid in real-time.
It can automatically adjust its charging for drivers to take advantage of the times when prices will be cheapest with off-peak smart tariffs.
When charging a Volkswagen ID.Buzz with a 77kWh battery using an Ohme smart charger on a dynamic charger from zero per cent can cost as little as £5.39.
David Watson, CEO of Ohme, said: “Ohme’s unique software and technology means that our chargers can access every energy tariff in the UK helping EV drivers to reduce their everyday running costs.
“Anyone driving an EV should find out if their electricity supplier offers a smart tariff for EV drivers.
“If not, they should consider switching to a supplier that does, to access those greater savings.”
Research from Ohme shows that motorists can travel from London to New York, Lincolnshire for less than £2, with the 108-mile journey costing just £1.89.
Similar trips include Newcastle to Bermuda, Warwickshire (205 miles) for £2.59 or Manchester to California, Norfolk, for £4.60 (263 miles).
The new Ofgem energy price cap will see costs rise for those on a standard variable tariff (default tariff) from 22.36p per kWh to 24.50p/kWh.
The daily standard charge will also increase from 60.12p per day to 60.99p. This includes VAT and is based on the average across England, Scotland and Wales.
Drivers can prepare for the future as the energy regulator will publish the next energy price cap review on November 25, which will apply from January 1, 2025, to March 31, 2025.
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Ohme has highlighted how inexpensive it can be to drive long distances with cheap charging costs
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Data from Zapmap suggests that there are more than 700,000 chargers at homes and workplaces around the UK, in addition to almost 70,000 publicly-accessible charging devices.
