Ev charging tariff rip offs

[Ozzie1989]

I forgot to say...

Another good thing with Octopus, even on a fixed deal you can move onto another deal at any time.

 

[N2STY]

The end of the day it's going to cost us all more eventually it's becoming the new normal you have to get the best deal you can that works for you unfortunately people that are on a good old deal it will hit harder when there deal ends if it stays like this or get worse

 

[N2STY]

As per the other threads in the General forum (which is where this post should sit as it's not ZS specific)...

For my circumstances it still works out £600 cheaper to move onto a fixed tarriff for EV charging:

Variable	Pence		GO	Pence
Gas Rate	7.00		Gas Rate	7.00
Gas SC	27.00		Gas SC	27.00
Elec Rate	28.00		Elec Rate	30.77
Elec SC	45.00		Elec SC	24.86
			EV hours	7.50
Per Year Gas £	880.31		Per Year Gas £	880.31
Per Year Electric £	1836.97		Per Year Electric £	1928.94
Total £	2717.28		Total £	2809.25
EV 10 hours a week	960.96		EV 10 hours per week	257.40
Overall Total £	3678.24		Overall Total £	3066.65

Caveat All EV charging is assumed to be completed during the off peak window. The more you charge in the peak window the less savings you make and vice versa.

Note: per year electric (without EV charging) is based on my personal consumption of approx. 6000kw per year.

So look at that my ovo deal works for me would you be able to show it like that please? gas 8p sc20p electric 28p sc20p and charging at 5p anytime as that's the deal I got last week

 

[Lguk]

Exactly this, I'm on a 16p/5p deal until September. My combined gas/electric is around 1200-1400 a year. I'm bracing myself for that to double to 2400-2800 a year. Am I being ripped off? No, at my current tariff, I'm actually losing my supplier money.

Half of this situation has been caused by suppliers charging just above cost rates and playing fast and loose with their charging model. The execs and shareholders get nice tasty pay cheques and the going is good, then wholesale rates go up and they've not left any liquidity or hedged the usage they've already sold, so they go bust, because its an unsustainable business model, other suppliers and customers pick up this burden. The doubled standing order is to cover the cost of the supplier of last resort system.

 

[Deleted member 7171]

Think about the poor buggers like me, live in a tiny village, no gas just domestic heating oil that changes price like petrol and diesel. Trying to judge the best time to order 1000ltrs is like playing the commodities market. 1000ltrs at 70p plus vat is not nice in one go. Can't order a bit at a time as 500ltrs is minimum order

 

[jamesie]

Think about the poor buggers like me, live in a tiny village, no gas just domestic heating oil that changes price like petrol and diesel. Trying to judge the best time to order 1000ltrs is like playing the commodities market. 1000ltrs at 70p plus vat is not nice in one go. Can't order a bit at a time as 500ltrs is minimum order

Same situation for me. Having an air source heat pump fitted at the end of this month but unsure it will make any cost saving!

 

[Deleted member 7171]

Same situation for me. Having an air source heat pump fitted at the end of this month but unsure it will make any cost saving!

Yeah we thought about it. For them to be efficient they need to run all the time and maintain a constant temperature in the house so continuously consuming electrons, and as we know all too well, electrons are expensive at the minute. I suppose we must grin(grimace) and bare it.

 

[Alb]

Think about the poor buggers like me, live in a tiny village, no gas just domestic heating oil that changes price like petrol and diesel. Trying to judge the best time to order 1000ltrs is like playing the commodities market. 1000ltrs at 70p plus vat is not nice in one go. Can't order a bit at a time as 500ltrs is minimum order

I'm in the same boat.
I've got less than a quarter of a tank at the moment so I'm nursing it in hope of a recovery but it could of course go the other way.
Price has also been driven up by panic buying of course.

 

[Jomarkh]

Don't forget that if you have timers on your appliances like washing machine, TD, dishwasher or any like I use the immersion heater on my water tank as I think at 5p it is cheaper than gas plus I have a water heater in the loft extension. I also multi usb charge block for phones and tablets....

 

[sido]

I'm in the same boat.
I've got less than a quarter of a tank at the moment so I'm nursing it in hope of a recovery but it could of course go the other way.
Price has also been driven up by panic buying of course.

Watch out for robbers , the contents of your tanks are valuable enough for potential thieves. I can see our electric car batteries being on that list soon.

 

[Deleted member 7171]

Triple locked and gate locked too. Fuel theft is on the rise in rural areas.

 

[sido]

Triple locked and gate locked too. Fuel theft is on the rise in rural areas.

Good for you, can’t be too careful

 

[Deleted member 6627]

Think about the poor buggers like me, live in a tiny village, no gas just domestic heating oil that changes price like petrol and diesel. Trying to judge the best time to order 1000ltrs is like playing the commodities market. 1000ltrs at 70p plus vat is not nice in one go. Can't order a bit at a time as 500ltrs is minimum order

I actually preferred being on oil. There was no standing charge. It was easy to monitor month by month and cut back usage when required. I also had a wood burner I could use to save on heating costs.

 

[djenson]

Yeah we thought about it. For them to be efficient they need to run all the time and maintain a constant temperature in the house so continuously consuming electrons, and as we know all too well, electrons are expensive at the minute. I suppose we must grin(grimace) and bare it.

If you buy a new gas boiler today, it will aim to do the exact same thing. Keep running for a longer stretch of time, but at a lower heat output. I think I'm in the best of both worlds, I have an ASHP and a multi fuel stove. When the temperature goes below 7*C, i use the multi fuel to heat the house, but when it goes above 8*C I use the ASHP.

An option I've been looking at is buying the back boiler attachment for my multi fuel and integrating this into the heat pump using the smart controller. THis seems too expensive however and i'm not even sure if you can even use a back boiler with a pressurised hot water tank.

 

[Delboy102000]

So look at that my ovo deal works for me would you be able to show it like that please? gas 8p sc20p electric 28p sc20p and charging at 5p anytime as that's the deal I got last week

I am pleased for you, but a new customer will not get that deal.
However the purpose of my post was not to moan or winge. We are where we are, it was simply to point out that current deals are not very good and that staying on the standard variable rate may be best. Also I was trying to point out that current pricing means 8-10p per mile unlike previously running at a much lower figure. Somehow that has been turned round to something. I never intended.

 

[N2STY]

I am pleased for you, but a new customer will not get that deal.
However the purpose of my post was not to moan or winge. We are where we are, it was simply to point out that current deals are not very good and that staying on the standard variable rate may be best. Also I was trying to point out that current pricing means 8-10p per mile unlike previously running at a much lower figure. Somehow that has been turned round to something. I never intended.

Sorry you can't get that deal I must be lucky when I phoned them I got that deal last week then a lot has changed in a week

 

[Gomev]

For anyone who hasn't seen the actual price cap figures (in p/kWh) attached is the list by region for the prices from Apr 1st.

 

[Ian Morton]

Having just come to the end of a two-year fix at the end of February with EDF energy, Where I was paying just over £.15 per kilowatt for all my electricity, I am now on the standard variable rate which will be going up to nearly £.30p per kilowatt at the end of this month from the 1st of April. However having looked intoThe alternatives I am quite shocked and surprised to find the reality of the overnight charging deals requiring gas to be included with Edf and the gas goes up by 4p per kilowatt with an attendant increase also In the daily standing charge and the reality is when you work out the whole deal over the course of the year that yes you can charge for five hours a night at 4.5p per kilowatt but overall it works out as more expensive than staying with the capped standard variable rate, and in order to make a fair comparison I actually increased the standard variable capped rate from October by another 20%. Based on exactly the same offtake of electricity and gas as I actually use the total cost using the nighttime tariff works out approximately £200 per annum more than sticking with the standard variable. The trouble is that both Octopus and Edf talk about cheap charging rates. This is a long way from the truth when you work out the increased cost for the other electricity and gas and balance out the whole bill. Therefore I come to the conclusion that my charging is going to cost me approximately £.30p per kilowatt over the course of this year which is likely to be in the region of 8 to 9p per mile obviously still cheaper than petrol or diesel but nowhere near the cost competitive advantage it used to be. The thing I really don’t like is the degree of smoke and mirrors that the energy companies are using and it makes it very difficult to work out quickly or easily. These nighttime deals actually are a disadvantage on the basis that they’re quoting now because you have to charge within given parameters to get a cheap rate whilst paying more for all of your daytime usage electricity and inexplicably paying more for your gas and standard variable rate including the daily charge. I only post this to say to people who haven’t worked it out don’t be fooled. It’s a rip off!.
This is not supporting the move to green energy either. What is the regulator doing about these practices.

Go on YouTube and watch the latest video from EVM, who does a useful comparison of

 

[TomLane]

Having just come to the end of a two-year fix at the end of February with EDF energy, Where I was paying just over £.15 per kilowatt for all my electricity, I am now on the standard variable rate which will be going up to nearly £.30p per kilowatt at the end of this month from the 1st of April. However having looked intoThe alternatives I am quite shocked and surprised to find the reality of the overnight charging deals requiring gas to be included with Edf and the gas goes up by 4p per kilowatt with an attendant increase also In the daily standing charge and the reality is when you work out the whole deal over the course of the year that yes you can charge for five hours a night at 4.5p per kilowatt but overall it works out as more expensive than staying with the capped standard variable rate, and in order to make a fair comparison I actually increased the standard variable capped rate from October by another 20%. Based on exactly the same offtake of electricity and gas as I actually use the total cost using the nighttime tariff works out approximately £200 per annum more than sticking with the standard variable. The trouble is that both Octopus and Edf talk about cheap charging rates. This is a long way from the truth when you work out the increased cost for the other electricity and gas and balance out the whole bill. Therefore I come to the conclusion that my charging is going to cost me approximately £.30p per kilowatt over the course of this year which is likely to be in the region of 8 to 9p per mile obviously still cheaper than petrol or diesel but nowhere near the cost competitive advantage it used to be. The thing I really don’t like is the degree of smoke and mirrors that the energy companies are using and it makes it very difficult to work out quickly or easily. These nighttime deals actually are a disadvantage on the basis that they’re quoting now because you have to charge within given parameters to get a cheap rate whilst paying more for all of your daytime usage electricity and inexplicably paying more for your gas and standard variable rate including the daily charge. I only post this to say to people who haven’t worked it out don’t be fooled. It’s a rip off!.
This is not supporting the move to green energy either. What is the regulator doing about these practices.

Use Tesco, 24 hrs free charging. Hope that helps reduce the average over the year.

 

[Webbo]

Having just come to the end of a two-year fix at the end of February with EDF energy, Where I was paying just over £.15 per kilowatt for all my electricity, I am now on the standard variable rate which will be going up to nearly £.30p per kilowatt at the end of this month from the 1st of April. However having looked intoThe alternatives I am quite shocked and surprised to find the reality of the overnight charging deals requiring gas to be included with Edf and the gas goes up by 4p per kilowatt with an attendant increase also In the daily standing charge and the reality is when you work out the whole deal over the course of the year that yes you can charge for five hours a night at 4.5p per kilowatt but overall it works out as more expensive than staying with the capped standard variable rate, and in order to make a fair comparison I actually increased the standard variable capped rate from October by another 20%. Based on exactly the same offtake of electricity and gas as I actually use the total cost using the nighttime tariff works out approximately £200 per annum more than sticking with the standard variable. The trouble is that both Octopus and Edf talk about cheap charging rates. This is a long way from the truth when you work out the increased cost for the other electricity and gas and balance out the whole bill. Therefore I come to the conclusion that my charging is going to cost me approximately £.30p per kilowatt over the course of this year which is likely to be in the region of 8 to 9p per mile obviously still cheaper than petrol or diesel but nowhere near the cost competitive advantage it used to be. The thing I really don’t like is the degree of smoke and mirrors that the energy companies are using and it makes it very difficult to work out quickly or easily. These nighttime deals actually are a disadvantage on the basis that they’re quoting now because you have to charge within given parameters to get a cheap rate whilst paying more for all of your daytime usage electricity and inexplicably paying more for your gas and standard variable rate including the daily charge. I only post this to say to people who haven’t worked it out don’t be fooled. It’s a rip off!.
This is not supporting the move to green energy either. What is the regulator doing about these practices.

There is no way I would have one of these "cheap" tariffs, I have no wish to start having to instruct my wife as to when she can, or can't, use the washing machine, tumble drier etc. With my Podpoint charger it shuts down when it detects a large load from the house, so no way to take advantage of the cheap rates for charging if the appliances are running.