EV Tariffs Withdrawn

[Ian Key]

It looks like some suppliers have withdrawn their EV tariffs from new customers. It could be because of the Trump Iran war pushing up fuel prices or it could be because the new price cap comes in next month.

 

[Roldorf]

No Idea. Whats an EV Tarrif?

 

[Ian Key]

No Idea. Whats an EV Tarrif?

In the UK suppliers offer a cheaper electricity tariff, usually from midnight to 6 am, to charge your EV.

 

[Bam Bam]

It looks like some suppliers have withdrawn their EV tariffs from new customers. It could be because of the Trump Iran war pushing up fuel prices or it could be because the new price cap comes in next month.

Yeah this kind of behaviour isn't good for consumer choice.

We had a free for all previously with loads of companies, some of which were not really able to take on the financial risks involved in energy trading and they went under. The problem with going the other way with a few bigger providers is that there won't be much competition and people will just have to put up with whatever tariffs they are offered.

I wonder if the price cap is going to be a problem if this is a protracted war. It gets revised every few months but it is supposed to reflect the cost of the energy and when there is a war in the middle east that price goes up a lot.

Trump is an absolute danger to the world, as is Hesgeth.

 

[Ian Key]

E.on has reinstated an EV tariff but at a higher rate in effect wiping out the April price drop caused by the government's removal of the green levy.

 

[Everest]

E.on has reinstated an EV tariff but at a higher rate in effect wiping out the April price drop caused by the government's removal of the green levy.

What actual rates are the current vs. expect reduction in April vs. the new price you are referring to?

Are we talking like 15p per kWh vs. 7p or something not as drastic?

 

[T1 Terry]

All the more reason to look at solar and battery upgrades so you can charge your EV for free. If they are going to reduce the discounts they offer for EV charging, then why sell them your solar power for bugger all, then have to buy it back to charge the car.
Basically, if they figure they can profiteer from a war breaking out, don't sell them cheap solar power .....

T1 Terry

 

[Everest]

All the more reason to look at solar and battery upgrades so you can charge your EV for free

... but only practical "up here" for about 6 months over the summer

 

[T1 Terry]

... but only practical "up here" for about 6 months over the summer

But still, money better in your pocket than their pocket

T1 Terry

 

[Lovemyev]

I signed up for a new dual fuel fixed deal with EDF only last week, my current fix with them did not expire until the end of March, but I decided to renew early.
I signed for a new one year fix electric deal to commence at the end of March and a two year fixed deal on our gas to start straight away.
This was because the gas tariff was slightly cheaper than our current tariff.
Yesterday I spoke to them again to ensure my new deal was in place ( due to news that many fix deals had been pulled ).
The advisor told me that they were honouring new deals made before the announcement, but not after.
Only variable tariffs on offer when I spoke to them.
I am certainly glad I renewed early when I did !.

 

[Gomev]

What actual rates are the current vs. expect reduction in April vs. the new price you are referring to?

Are we talking like 15p per kWh vs. 7p or something not as drastic?

For the price cap, these are the "average" UK rates before and after April. Average because of course they vary region to region.
The price drop represents the amount of fixed costs that have been moved to general taxation and is nothing to do with the price of electricity.
The price cap is set based on the last 3 months actual wholesale prices. Future price predictions are used for setting fixed rate tariffs.

BEFORE
Unit rate: 27.69p per kWh
Standing Charge: 54.75p per day

AFTER
Unit rate: 24.67p per kWh
Standing Charge: 57.21p per day

 

[Everest]

@Gomev, I understand the price caps - I was asking @Ian Key about how much the EV (i.e. overnight) rate had gone up, that he was alluding to in post #5.

 

[Ian Key]

@Gomev, I understand the price caps - I was asking @Ian Key about how much the EV (i.e. overnight) rate had gone up, that he was alluding to in post #5.

I was just waiting for the new prices to be available.

At the moment I pay 7.5p/kWh from midnight to 6am, 27.68p/kWh daytime and 60p/day standing charge.

The new rate is 9.5p/kWh night rate, 31.37 day rate and 60p daily standing charge.

 

[DBedford]

Pricer caps do not apply to EV tariffs.

 

[wandle MG4 trophy]

Octopus has replaced Octopus Go 12 month fix with a new Octopus Go with only a 6 moth fix AND a £25 exit fee

 

[Slipstream]

I was just waiting for the new prices to be available.

At the moment I pay 7.5p/kWh from midnight to 6am, 27.68p/kWh daytime and 60p/day standing charge.

The new rate is 9.5p/kWh night rate, 31.37 day rate and 60p daily standing charge.

about the same here just got a quote for renewal of octopus go 9.5 off peak 33.68 day rate 48.72 standing charge. But I noticed the term is only for 6 months it was always 12.

 

[Gomev]

Pricer caps do not apply to EV tariffs.

Yep, the price cap only applies to the price cap tariff for each supplier. However it seems to be the one to compare to or complain about. Oh it might be cheap overnight but it costs more during the day than the price cap.....etc etc type scenarios, so still worth mentioning.

 

[Lovemyev]

Pricer caps do not apply to EV tariffs.

Dave here is an excellent explanation of the latest price cap from Martin Lewis and what it means for fixed price tariffs .