Shock! Horror! InstaVolt raises prices!

[bwanamdevu]

Just received an email from InstaVolt detailing a price rise of their rapid charging network. The price goes up from 40p per kWh to 45p per kWh, effective immediately. I expect others to follow suit to join those networks that have already increased their rates.

 

[teepee]

Bound to happen given current circumstances

 

[BruceT]

Bound to happen given current circumstances

Yes but the trouble is............ Can you see them ever putting the prices back down, even when the wholesale price goes back down?

 

[marcopolomt]

Yes but the trouble is............ Can you see them ever putting the prices back down, even when the wholesale price goes back down?

no, prices will never go much lower, not unless fracking opens up again in the USA.

 

[JCFlippen]

There is only one way that all energy prices will go and that is up for both gas and electricity.

 

[BruceT]

Wholesale prices will probably come down, so will domestic prices. BUT in the wild charger prices won't come down, people hate the idea of someone else getting something cheaper than themselves, in our case it's travel.

 

[biffo]

PodPoint rapids, often found at Lidl, are still £0.26 per kWh as far as I know. Possibly cheaper than some home tariffs just now

 

[Severnless]

today we’ve traveled (MG5 SR) from the midlands to Southampton, called at tot hill services near Newbury, even though I knew I could get to Southampton with 30% remaining, thought I would fill up at the shell station, on the new motion rapid 150kw, all four clear and working, plugged in and saw 52kw straight off (@32%), left the car, to fill up the kids with chicken nuggets, came back 35 mins later and was drawing 17kw (@94%)
the cost £12.98 @ 49p/kw
not cheap, but a dam-site cheaper than filling my e class with diesel with an 80 litre tank @£1.52/ litre!

 

[EVsince2016]

no, prices will never go much lower, not unless fracking opens up again in the USA.

Fracking is subsidised by $billions. Only Solar & wind give you wholesale 2p/kwh

 

[ging353]

Yes but the trouble is............ Can you see them ever putting the prices back down, even when the wholesale price goes back down?

Not a hope in hell.....don't hold your breath.