Bad news for electric car drivers – the price you pay for power at home has risen, as of October 1st. However the hike is likely to cost the average EV owner around £1.23 extra per month or 4p per day, according to our sums.
While no increase is good, most of the recent rise has been to two elements of your bills – the daytime rate and standing charge – while the overnight prices have mainly stayed at the same level. Since most EV drivers will use special tariffs which see them use most energy overnight, the effect will be minimal.
The rise has happened because the energy regulator Ofgem has raised its price cap, so between now and 31st December 2025, the energy price has increased by 2% for a typical household’s energy use, with the Standard Variable Tariff for electricity now at 26.35p/kWh.
This means that a driver with a VW ID.3 with a real-world efficiency rate of 3.8 miles per kWh, covering 8,500 miles every year and charging exclusively at home using Octopus’ Go tariff would now spend £1,152.53 per year on electricity for the car and household, compared to £1,137.74 previously. The standing charge increase accounts for £8.33 of that rise.
The rise means that it makes even more sense to switch to a special EV tariff however, as using the same amount of power for the car and house would cost £1,300.64 over a year at the energy price cap rate versus £978.41 with the EV tariff – a difference of £322.23. There are even bigger savings if you are able to swap to an intelligent tariff by using a car or charger which is compatible.
Intelligent tariffs will save drivers even more 
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