A new calculator from The Energy Shop reveals up to 744,800 Brits may be overpaying by around £48 a year on an EV-specific energy tariff compared with a standard single-rate deal.
Ofgem’s July price cap increase of 13% kicks in today and Scott Byrom, Energy Expert and CEO at The Energy Shop, says EV tariffs are most likely to suit drivers who use a lot of electricity charging their car overnight, but warns that higher daytime energy use can quickly reduce those savings:
“There are now more than 2 million fully electric vehicles (EVs) on UK roads, and with UK gov data showing that 76% have a dedicated home charger and 49% of these drivers being on an EV specific tariff, this means nearly 750,000 Brits are likely on an EV-specific energy tariff and could be overpaying.
“To help drivers check whether they are really saving on an EV-specific tariff, The Energy Shop has launched a new EV Tariff Calculator, allowing households to compare a standard single-rate electricity tariff against an EV-specific tariff with a typical cheaper overnight charging but a higher daytime rate.
“Using the Government’s average EV driver mileage of 8,900 miles a year, a mid-sized EV battery size of 55kWh, an average driving range of 236 miles, and Ofgem’s medium household electricity benchmark of 2,500kWh a year, The Energy Shop’s calculator shows the average EV driver could pay around £967 a year on a single-rate tariff, compared with £1,015 on an EV tariff – leaving them around £48 worse off.”
