Octopus Energy Price Drop | Run your EV for less than 1.8p per mile
HTML-код
- Опубликовано: 1 окт 2024
- ✅Octopus Energy (Get £50 Credit) : share.octopus....
Octopus Energy Price Drop | Run your EV for less than 2ppm
Octopus have today announced a price drop on their Intelligent Go Tariff, this means you could run your EV for less than 2 pence per mile!
#evs #electriccars #energyprices
----------------------------------------------------------------------------------------------------------------------
🚗🚗 𝙈𝙔 𝙇𝙄𝙉𝙆𝙎 🚗🚗
👨📱 𝗦𝗼𝗰𝗶𝗮𝗹 𝗠𝗲𝗱𝗶𝗮 : linktr.ee/dnag
☕☕ 𝗕𝘂𝘆 𝗠𝗲 𝗔 𝗖𝗼𝗳𝗳𝗲𝗲 : ko-fi.com/nota...
👕🥤 𝗖𝗵𝗮𝗻𝗻𝗲𝗹 𝗠𝗲𝗿𝗰𝗵 : definitelynota...
🌐💻 𝗪𝗲𝗯𝘀𝗶𝘁𝗲 : www.notaguru.c...
📚😊 𝘽𝙐𝙔 𝙈𝙔 𝘽𝙊𝙊𝙆 𝙃𝙀𝙍𝙀 : amzn.to/3HMF9eH
📱💻 𝘾𝙖𝙡𝙡 𝙈𝙚 : www.notaguru.c...
----------------------------------------------------------------------------------------------------------------------
🔥🔥 𝘼𝙁𝙁𝙄𝙇𝙄𝘼𝙏𝙀 𝙇𝙄𝙉𝙆𝙎 🔥🔥
✅ 𝗟𝗲𝗮𝘀𝗲𝗟𝗼𝗰𝗼 : leaselo.co/not...
✅ 𝐀𝐋𝐀 𝐈𝐧𝐬𝐮𝐫𝐚𝐧𝐜𝐞 : tinyurl.com/j4... (𝙐𝙨𝙚 𝙘𝙤𝙙𝙚 𝐉𝐈𝐌10)
✅ 𝗔𝗺𝗮𝘇𝗼𝗻 : amzn.to/3dLVstT
✅ 𝗩𝗖𝗵𝗲𝗰𝗸 (𝗖𝗮𝗿 𝗛𝗶𝘀𝘁𝗼𝗿𝘆) : www.vcheck.uk/...
----------------------------------------------------------------------------------------------------------------------
Important : This channel tries to deliver honest advice for real people. Remember that I am not a financial advisor or car finance professional and am therefore not qualified to give any kind of financial advice, views shown here are purely my own but you must make your own financial decisions. Always seek professional advice before entering a finance arrangement of any kind and seriously consider your financial position and the long-term affordability of any deal that you may enter into.
All content is the property of NOT A GURU LTD unless otherwise stated. Re-use is strictly forbidden without prior written consent.
𝙋𝙡𝙚𝙖𝙨𝙚 𝙡𝙞𝙠𝙚 𝙖𝙣𝙙 𝙨𝙪𝙗𝙨𝙘𝙧𝙞𝙗𝙚! ;) 
Авто/Мото
![NOSFERATU - Official Trailer [HD] - Only In Theaters December 25](http://i.ytimg.com/vi/nulvWqYUM8k/mqdefault.jpg)
✅Octopus Energy (Get £50 Credit) : share.octopus.energy/witty-gale-608
We got the same rates too on IOG. Have seen the same mentioned on Tesla owners club think its everyone.
Yes it's seriously cheap, my MG4 is now £3.50 for a full tank, circa 230 miles. I can't understand how people criticise electric cars, but they're quite happy to waste £1000s a buying petrol or diesel, they are just too lazy to do the maths!
👍
Try going on a long trip. That 3.50 will turn into £350. I travelled 450 miles for £90 using public chargers. EVs are only convenient for local use.
@@H4M24UK that boring old trope, now with bad maths added.
7p overnight goes to 70p at superchargers, so 35 quid.
450 miles should have mean your last 200 miles should have been at 7.5p.
How about ppl like myself?
Owner of 2 paid off diesels.
One an old '05 fiesta (solid 55mpg) snd the other '16 Nissan Qashqai (50 mpg)
I've never paid more than 13k for a car (all 2nd hand nearly new) but I've been quite able to, but I can do math and I'm not stupid.
Wife is 100% wfh. I work 3.5 miles down the road.
Insurance for Fiesta £180, £260 for Nissan.
Combined annual miles now less than 3k.
VED is £30 and £20 respectively.
Why would I buy a bev / hybrid / phev?
They are cheap to run, cheap to tax (post 2025 ironically cheaper than the £190 applied to EV's!) and insurance is MUCH cheaper.
I have done the numbers against the MGZS and in our scenario nothing stacks up, even taking into account the £216pm loan payments we used to have for the Nissan.
The reality is that in order to get close to ROI with a EV, you ICE scenario needed to include most of these:
1. 10k + annual mileage away from home
2. ~33 mpg or worse fuel economy.
3. Paying the expensive car supplement (which applies to EV's in 2025 btw)
4. £300-400 VED
5. Expensive insurance.
6. Maybe living in or having to travel to a ULEZ city (incidently our diesel Nissan is Euro 6 so also exempt like EV's)
Savings from EV -> ICE doubtless do exist, but they're not as common as the narrative you spout would suggest.
This is more applicable to those who only buy 2nd hand vehicles and who are considering an EV.
Fundamentally sweeping statements from either 'faction' are fruitless, and each person needs to do their own math
Not everyone can afford an EV.
Test driving my first EV next week - MG4. 40 mile daily commute- this video exactly what I need - you have a new sub 😊
MG4 is a great car to drive but beware of the lane keep assist, a couple of times one of those cars has tried to kill me. 👍
Great! Had a similar email, ours is now 22.8p peak and 7p off peak. Happy days.
Nice
Nice timing! I'm getting a BYD Dolphin on Saturday and Octopus installed my EV charger this week.
This will be because of the price cap changing.
Thanks for the heads up.
Have fun!
Eon Next Drive v3 is still cheaper at 6.9p for 7 hrs off-peak & that is the old rate for last couple of months. It "might" actually drop further come July 1st
No smart charger required, you can even use a granny charger on Eon ND tariff - could save a grand not needing an Ohme installed
I left EON ages ago after they charged me about £4K for no reason, it took weeks of hard work to get it back. Their service is a JOKE!
@@DefinitelyNotAGuru Same reason why I left British Gas about 10 years ago...
But to be fair to Eon ND: - it is FIXED but her's the plus bit
Originally ND v1 was 9.5p for 7hrs
so I rang them & even though it is fixed for 1 year, they switched us to ND v2 in Jan/Feb
Eon ND v2 was 8p for 7hrs & still no Ohme req...
& they allowed us to move from v1 to v2 in a couple of days to save money on EV & also gas
Then around May, noticed they adjust their rates again for Next Drive v3
6.9p for 7hrs & gas at 5.5p
So rang them again, yup, they switched us to v3 rates no problem even though it is fixed
(but no exit fees)
So, they have allowed us to change/switch to a lower revised EV tariff when we noticed it
(would be nice if they automatically notified/switched us, but hey they are in business to make money)
So, they are pretty decent in my mind for us, and we use a LOT of gas, especially in winter
Was just about to switch Octopus after getting a free smart charger finally installed
(Just before we sent the MG4 back)
But just as the Zappi was being installed, we noticed Eon was cheaper, good gas price & is fixed for 12 months, so delayed switching to Octopus Intelligent
Carried on using a granny charger for MG4 like we limped along with grazing every other night say, and charging our other EV on a switchable non-Octopus EV wall charger
(I can do my own load balancing & apply common sense not to go nuts with load management)
TL-DR, end of the day, Eon has been alright & now we have smart meters, 100a fuse upgraded, EV charger(s) etc...
We have found Eon a very good viable option for people who don't have a grand spare to get a Zappi/Ohme installed so they can qualify to get on Octopus Intelligent tariff
My point is, Octopus though they are good & leaders in value for money, for EV charging they are being caught up by others now & the recent announcement dropping to 7p from 7.5p is not exactly calls for street parties
When I think it should have been 6p or at least 6.5p
Eon is 6.9p atm, might even reduce slightly again if they do Eon ND v4 maybe at 6.5p soon ???
General feeling is that this 7% drop is the last drop to come & Martin Lewis said that prices might begin to rise slightly October 1st for winter - the next price cap is set end of August btw
So - plan is, end July, hopefully see if Eon drop Next Drive v4 - say 6.5p kW
Lock in for 12 months starting 1st August, before cap is announced at end of that month
(Eon Next Drive 12 month is still penalty free)
That way, grab cheapest deal, lock it in for winter, no big price increases as it's fixed 12 months
Or see if Octopus actually revise their prices a little better & switch this summer or next year maybe
But yeah, Eon have let us chop & change to cheaper Next Drive tariffs every time we contacted them,
we can keep a close eye on how much we pay & credit on account
I think a lot of firms were sharks years ago, but now with smart meters (didn't want them but with EV, hey ho you gotta agree to them I guess)
Eon are alright in mt book as I've explained
Next Drive v3 works brilliantly for us, EV charging & managing household loads for 7 hrs
I'm delighted with Eon Next Drive v3. Costs me 1.6p a mile for my Corsa-e
what’s the real world range like with the Corsa mate? I’m interested to know from an owner.
Thanks for all the great content. Looking forward to my new EV and used the link for Octopus so £50 coming your way. 😊
Thank you!
Great price Jim 🐙 seems to be the best for EV charging
I think so 👍
@@DefinitelyNotAGuru Eon Next Drive v3 is 6.9p per kW & is 7 hours off-peak AND you don't need a specific charger - heck you can use a 3 pin granny charger & get 6.9p per kW for 7hrs. Fixed for a year with also gas or dual fuel option & no exit fees
The catch - day rate is higher about 30p per kW & the standing charge is about 2p higher than Octopus
BUT - if you have solar, maybe with battery storage - the higher day rate won't matter to you
(Eon export rate is 16.5p - more than Octopus 15p per kW)
The pennies you "might" pay each day on Eon ND v3 over Octopus is offset by not having to pay £1,000 for a smart Octopus EV charger, to qualify for Intelligent tariff on Octopus
If you ended up paying 25p a day more on Eon through standing charges & high day rate
(it shouldn't be THAT much more, but let's go with 25p per day more)
That's just over £90 pa more on Eon, but it would take you 11 years to recoup the £1,000 it cost to have say an Ohme installed for Octopus Intelligent tariff
Sorry - but Octopus are slipping behind, I was just about to switch to them, but chose to stay on Eon Next Drive v3 a couple of months ago at 6.9p per kW & don't need an Ohme or smart charger/car
Really thought Octopus would drop to say 6p per kW - not right back to 5p or 5.5p they used to be, but 6p might tempt me to switch...
Yeah - 7p from 7.5p per kW - that's not even the average 7% drop we're expecting from OFGEM average
(7.5p x 0.93 = 6.975p)
Octopus want to chat to your EV/Charger & charge it at the cheapest possible time (for Octopus)
But will charge you more than Eon Next Drive - who are not spying on your car/charger coz you are using a dumb/granny charger (ok they're monitoring you on the smart meter)
But on Eon Next Drive v3, you didn't need to fork out a grand on a smart charger, that will take you ten years befoire you recoup that cost of the Ohme charger
NOPE - I don't get commission for Eon - there's no link, check the tariff for yourself before people might have to stump up for a new charger to get on Octopus Intelligent
Really thought Octopus would have dropped the rate to 6p or at least 6.5p per kW, but naaahh, I'll stick on Eon Next Drive for a bit longer thanks
At 7p per kwh I'm paying 1.4p per mile at the moment (5 miles per kwh). You can't run a bicycle for that cost with the calories consumed / used.
The EV haters aint gonna like this 🤣🤣
👍
In which case, all they need to do to resolve such a dilemma, is to get an EV. Plenty of decent used ones around..
Thanks, yes Octopus are very good, and for all those who say " I am not having a smart meter in my house", fine you will miss out on the smart tariffs and pay more.
I used to charge my EV from my solar panels, but no longer worth it, better to export all your surplus and buy power on the cheap rate to charge your car, sell surplus at 15p/unit during the day, and buy it back for half that at night.
👍
I think the export rate is only 8p on intelligent go? Not 15?
@@jamesraisonxIt was 15p on IOG. OG is 8p.
@@stuartburns8657 ah nice!
@@jamesraisonx I get 15p on intelligent fixed rate export,I have compatible ev charger ,home battery and solar.
I know you’re a fan of leasing Jim but there’s some serious EV bargains to be had now, £15-£20k will bag you a nice 2 to 3 yr old car (most have a 10yr battery warranty) and with running costs that low it’s very tempting.
Yeah I know, I’m thinking of one as a second car. As I always say : lease new, buy used.
Get a old diesel for 2k
Have owned an EV for 10 years and now have bought a 2nd EV for my other half.
All electric household and will never go back to ICE.
👍
I moved to octopus agile, seems to be cost effective overall so far.
👍
I'm with octopus intelligent go also (used your referral thanks). Are you fixing your tarrif at lower rate ?
I’m just going with the flow at the moment 👍
Do like octopus 🐙
👍
Great video. I’m with Octopus and I have to say I am impressed. They replaced my faulty smart meter after my previous company couldn’t be bothered. Filling up a car for £4.20 is incredible when comparing to petrol/diesel costs.
Great to hear!
I think (not 100% certain) that the headline 7p overnight rate is available to all on this tariff, but the standing charge and standard daytime rate varies depending on location.
Yup, 40p in London to 60p per day std charge in Wales/Merseyside - some of the poorest areas pay more in standing charges.
UK households pay £8bn - EIGHT BILLION in standing charges for Electric & Gas each year, plus whatever businesses pay too
OFGEM is a chocolate teapot imho, Bulb & others went bust before Russia/Ukraine started
Enormous price hike was set August 26th 2022 - before Truss became PM & same day Wholesale gas price was inflated by market manipulation peaking on that day to £7 per therm the day OFGEM set the cap, (26th August 2022, for October 1st 2022. today it's about 80p per therm)
Government doesn't set the price cap - BS
OFGEM is a non-ministerial GOVERNMENTAL body - ergh so it is the government ???
The competition like Buld & others went under because of the OFGEM price cap
Set for 6 months originally, whole gas went up (before Ukraine) to just over £1 per therm
But couldn't charge anymore due to price cap so they was having to sell energy at a loss
(Ofgem tied their hands)
Bigger 6 energy companies could weather the storm, the smaller guys went bust
Octopus bought Bulb & others, our standing charges shot up to compensate for all the companies failing
(thanks OFGEM)
Now there is little competition & our standing charges have more than doubled - cheers OFGEM/Government intervention
But let's blame Russia & Liz Truss (even though the price hike cap was set before she was elected as lettuce - ergh leader of Tories)
Yeah - OFGEM is really good, they'll tell UK consumers paying £8bn pa just in standing charges alone
👍
@@authuruksake969 back in 2020 I was paying around 19p standing charge with Octopus and I’m sure that figure wasn’t running at a loss, and can’t remember it ever increasing by much at all, these 60p+ daily ripoff prices can never be justified.
I wish there was more of a focus on tailpipe emissions. They literally kill people. I’m lucky to be able to afford a BEV, and running costs are cheap. My major reason is tailpipe emissions though.
👍
I got a notification from their Electroverse app this morning that there was one of their price plunge sessions on selected CPO’s today - not much use to me as I home charge my ekectric Mini Countryman 99% of the time but the drop of 0.5p/kW in iff leak is welcome. This month including home charging my total Octopus bill (including standing charges) was the lowest I’ve ever had at £37. - £11 of that was car charging!
😂👍👍
I'm with Octopus and get the 15p back for every KW I export with my solar, it's great. I'd love an EV, but can't justify the outlay with the minimal miles we do. Plus our Transit Custom is incredible for family life, fits bikes, prams, people, and basically everything else in. I have a 1.4 TSI Golf I do 700 miles a year in, no point changing that either.
👍👍
I'm currently waiting for delivery my first EV. Combined with a house renovation, increasing the insulation, swapping the storage heaters for a heat pump and installing a 10kwh house battery to take maximum advantage of the EV tariff, I am looking forward to drastically reduced bills.
Best of luck!
Brilliant news for those with an EV and a home battery. You can charge your home battery at the same 7p cheap rate, use it to power your house and any energy remaining in the battery before the next cheap rate slot can be exported back for 15p/kW. Last month paid under £10 to run two EVs (around 1000 miles in total), the house and heat all our water!
👍👍
Well that car is cheap to run,my diesel car I suppose I would have to put in around half a tank to get the same milage so what about £35,,but my car has depriciated by about £16 pounds a week since I bought it,your car will have lost far more ,so best of luck with that.
I suppose you also have the advantage of having a DPF, diesel injectors, that will clog, carbon build up and a nice service bill every 10-12k miles. Horses for corses I guess mate, don't fret about what I'm doing and I promise I won't do the same 👍
It’s sad I can tell your in a new mini and I’m so excited to see your views on it :)
Video coming out tomorrow afternoon! Well worth a watch 😉
😊
👍👍👍
I am with Octopus and they are excellent to deal with and the only provider Which magazine recommends. I charge my electric car when the sun is on my solar panels. I have just received £504.70p for the last 3 months which easily covers the cost of the electricity for the same period.
Nice
I guess you are on the old FIT scheme then?
People can hate on EV's all they like but the financial savings are huge. Really don't get the backlash towards EV's when most consumers care about the wallet. Same with those who have solar panels, any decent human cares for the environment but most are selfish & money comes first. The money I've saved by having solar panels, battery & a EV with octopus for a household that does heavy millege with a lot of leccy usage has been immense. It's a no brainer
I agree, the anti-EV stuff is just so booring. I personally have two EVs but still like both ICE cars too - I simply don't see the constant need to slag off ICE owners simply because I don't currently own one.
@@DefinitelyNotAGuru It's sadly become some kind of political culture war. I say that as a lover of cars & motorsports, F1 fan since I was kid yet I hate Formula E...but the economics/quality of EV is a no brainer. If anything it's allowed me to pick up my first project car, a 1996 Mini, many more to come hopefully. It's not for everyone given lack of infrasuturce/how many people don't have driveways etc & govts need to be realistic about timescales, but on the whole even right now EV's simply make sense for most users. Most who moan (usually about range) often sound like they've never left their county nvm a weekly 250+ mile single round trip 😂
I have solar, Octopus currently pay me 15p per kWh for export, way higher than any other company, I suspect that will drop at some point, probably to 12p. I don't have an EV these days but will again one day
👍
Eon pay 16.5p if your solar has valid MCS certificate, higher day rates though at 30p, but you are using your own energy during the day.
Standing charge is slightly higher, about 2p more per day than Octopus
So really unless you are exporting loads every day - there isn't much in it tbh
But Octopus at 15p vs 16.5p export on Eon, Octopus are being caught up & need to up their a little imho before I switch
Eon robbed me of several thousand pounds once and we're absolute w*nkers to deal with throughout. I wouldn't suggest using them, even to a mortal enemy.
Great to see Octopus reducing the prices. I got the same message yesterday too.
Another thing with EV’s - charge for free off home solar. This week I’ve added over 300 miles from the sun, for zero cost [excess solar energy] ☀️⚡️👍🏻
If only I had solar
Except solar panels aren’t free…nor is installation, inverter, roof rails etc etc etc
@@IverKnackerov - I knew this comment was coming 🤣
My panels have already paid for themselves. So, now I get free energy for my house, my home AC, heating water and into my car, for the next 20+ years. One of the best buying decisions I have made ⚡️👍🏻
Nice one, Jim! That really does make owning an electric car seem like a much more feasible option for many I'm sure 👌🏼👌🏼
👍👍
Great news Jim, cheap as chips 👍
👍👍
Wow that's a great price
It sure is
Great tip. I've been switched to them but they retained my old Shell tarrif, which includes a £150 exit fee up until end of Jan25
WEE TIP FOR OTHERS:
If you're in a similar position and like me, don't use much energy and can wait, you can switch without invoking that fee 49 days before end of contract.
I reckon it won't save me more than that £150 in hte remaining months since I don't have an EV or many large battery items yet, but will have eventually.
So my plan is to keep energy usage low till then.
That said, tarrifs may go up in autumn.
I will also need the whole Smart meter, isolator and charger solution at that point.
Another point worth noting is that Octopus Go (non-smart) is 9p/kWh if you don't have a car/charger they support.
It's still a very good price, but 20% higher than the 7.5p/kWh on Octopus Smart Go that I'm being quoted on their site for my area.
👍
how much your tesla insurance at the moment james? im on the verge of getting one and use your code... only the insurance is pulling me back...
£1300 but it’s in my business name with no NCD
im new to ev and have a leaf and charge with a 3 pin for now so the extra hour of cheap rate helps. i still have my diesel vw transporter camper for the longer journeys. the leaf saves the wear and tear on my van . ps the leaf has far surpassed my expectations.
👍
Sadly, we know exactly what will happen late Summer early Autumn!
👌
It's good news, public charging (for non Tesla) has still got a long way to go
👌
I am interested in the insurance prices at the moment?
Get a quote for something and your questions will be answered 👍
@@DefinitelyNotAGuru
I was hoping for some general feedback to gauge where the market is at the moment
something you’ll only get by getting quotes, most factors affecting car insurance premiums are about you and where you live rather than the car. Something that costs you £500 might cost me £3k
However tempting they make these tariffs I will never get a so called smart meter.
Ok
I’m thinking of buying the Tesla long range gutted I’m just going to miss out on the free 15,000 miles but when it comes to a service did you say it doesn’t need one ?
There’s an inspection and tyre rotation but the first actual service is an air filter at 50k I believe
@@DefinitelyNotAGuru ok thanks 👍
✌❤👍
👍
👋
👍
Are they doing review events with left hand drive cars? It will be good to hear thoughts about the MINI Cooper on UK roads.
No, I've got the camera in selfie mode so it's a mirror image basically. That's why even my good side looks hideous. Review is uploading now, will go live tomorrow afternoon.
@@DefinitelyNotAGuru look forward to review. Thanks
Won't be so great to see Octopus raising the prices again in October! It is manipulation people!
If they do, they do. Cheaper prices until then so what's not to like?
The regulator is now setting the prices to ensure the companies don't go bust
Please look at Jonathan Porterfield's latest video about how good Octopus is, but all the trouble he (and thousands of others) experience with the failure of SMART METER use, and the political shenanigans that has the UK using two incompatible systems.
My smart meter has never worked but wasn’t installed by them. I just do manual readings on the app once per month, no big deal and they give me loyalty points for doing it 😁 (edit: someone has pointed out that perhaps it is working as my octopus intelligent go is working and that needs the smart meter)
Just as a bit of info your supplier is legally bound to make sure your smart meter’s are working its part of their license to sell energy. It’s normally a quick fix but you have to give them a bit of encouragement
@@DefinitelyNotAGuruThat's good. So my monthly meter readings that I send to Octopus can be accepted. Hmm, thank you.
@@DefinitelyNotAGuruJim, how does "intelligent" octopus work if your "smart" meter doesn't give 1/2 hourly readings 🤔?
@@r33gts no idea mate, maybe it is working but they often ask me for a manual reading - maybe just checking it’s accurate?
Iam going to have a look.
We have a kona EV and don't use it much (1100 in 3 months).
We are with Eon, and my biggest worry is ,yes you pay less at night but during the day you usually pay a couple of pence extra per kilowatt, and as we use way more on the house than the car iam not sure the maths add up.
But iam off to have a look.
👌
Also do the maths if you need to fork out a grand to get a compatible smart charger first
If you already have a Zappi/Ohme or other Intelligent charger - then away you go to Octopus
If you had a smart car - like a Tesla that did all the talking to Octopus Intelligent - you don't need another wall-charger
Your Kona might not be Intelligent compatible itself and requires a smart Octopus charger to be eligible.
This might cost you a grand to have installed
(My Zappi un-tethered was free as part of salary lease)
For people that have to splash out a grand for a new charger...
If you are paying £100 pa more on Eon during day rate/slightly higher standing charges...
It would take you ten years before you recoup the £1,000 for the Ohme they had installed
Of course the other option, is to put that grand for the Ohme towards a home battery storage system, then pay 6.9p for every kW you use during the day
Or solar setup, but a home battery system on its own is becoming popular for people who can't install much solar
If you already have a compatible charger for Octopus - then go for it
But if not, factor in the time it would take to recoup a new charger - my guess around 10 years
Cheers
We do have a 3 month old ohme wall charger.
@@brianiswrong Oh then go for it I guess
But I'll give you a rundown on the difference is not that much....
We use about 10kW per day for house
Split as 6kW day & 4kW off peak
(we shifted some loads about, but if you aren't doing about 40% off-peak then anybody on E7 is wasting money)
I'll do old rates as Eon haven't announced any Next Drive v4 yet
Octopus day rate is 3p cheaper than Eon ND (28p vs 31p)
6 x 3p = 18p + 2p cheaper standing charge - so it's 20p cheaper on Octopus
BUT factor in 6.9p off-peak vs 7.5p (old Octopus) = 0.6p for 7 hours
4kW at 0.6p cheaper than old Octopus Intelligent = 2.4p
THEN factor in average daily EV charging - 6 to 10kW per day average
(42kW to 70kW going to EV if you do lots of mileage ???)
say a rough figure of 8kW per day or 56kW per week EV charging
So in my case I have 4kW daily house off-peak
plus around 8kW daily EV charging average
making up to say 12kW off-peak use
Heck for ease of maths I'll say 10 hours off-peak
10hrs at 0.6p cheaper on Eon Next Drive offpeak (than old Intelligent 7.5p)
So 20p dearer minus 6p = 14p per day more on Eon or £51.10 pa more on Eon
So that would take nearly 20 years - TWENTY YEARS before you recoup a cost of £1,000 Ohme install
And THIS is what I'm trying to point out - yes Octopus in many cases can save people money
BUT it isn't as much as people might think in the end
People are rushing out to have a £1,000 Ohme/Zappi new charger installed
when it may take them 10, 15 or even nearly 20 years before they recoup the investment
(by then the Ohme will be dead - a Zappi, maybe two weeks after 3 year warranty expires)
The cheaper Octopus day rate is only 3p cheaper than Eon at 28p/31p not the std basic variable of 24p
(They have to charge more for peak to recoup the cheaper off-peak rates)
And if people have solar, they are not using any expensive peak/day energy from grid, but their own solar
So the only difference would be a 2p standing charge
TL-DR
Anyway, you have an Ohme, so you don't need to pay out or recoup the grand for Ohme
But the difference in the savings is not as big as many might think
plus Eon ND v3 will fix it for 12 months, protecting from winter price rises
Unless Octopus drop the rates a little more, I'm sticking with Eon for now
Mostly coz my gas is fixed at 5.5p and we use a LOT of gas - I mean bloody loads of gas
(Missus has heating on 24/7 - whilst everybody else is saying is too warm, I'm sure she has the heating kicking in at night even now when it's 30 degrees during the day)
Really depends if you can also time shift, washing machine, dishwasher and especially tumble dryer use to times the lower tariff is available. Your current car use is likely to be about 1300 kWh at 7p that is £91pa at 21p that is £273 pa, which is £182 saving per year. If you are like me ,you might have 6000 kWh of electric use per year (no heating) anything less that a 3p a kWh difference (£182 divided by 6000kWh) will be worth while if nothing changes, but if you can time shift and take advantage of additional cheap times, that difference could go up and save you more. There was a 2.53p difference between IGO and normal tariff last time I looked, but it has recently changed again and I don't have the figures atm. This takes into account your ohme wall charger, as it is compatible with the Intelligent Octopus Go (IGO) tariff.
4th
👏👏👏
There's around a 10% loss in energy transferred during a charge so a little more than 7p per kwh in the actually battery but still very cheap to run.
Oh…I perhaps should have added 40 pence on to the total then…..oh well
@@DefinitelyNotAGuru That's nearly half a Freddo back in the day!
There's a 70% loss in efficiency if you drive an ICE. I certainly won't be worrying about 10%.....
@@DefinitelyNotAGuru 10% of £4 is 40p, might get you a Chomp if Freddo's are out of stock
To be honest, things like transfer loss bore the tits off me so I didn't even read it properly
Im with British Gas and get off peak rate of 7.9p per kWh. To fully charge my Nissan leaf overnight it costs me about £3.10 which gets me 160miles. In my petrol car for the same miles it would have cost me around £30. My leaf is much faster, higher spec and more fun to drive that my petrol car ever was. With no Road tax, same cost to insure as my old car and only around £3 to charge it’s incredible.
👍👍
So your ICE if only getting 160 miles on £30 was only achieving 35mpg.
Pretty poor choice Scott
@@stuartburns8657 yea, for a full tank at £60 the range screen would show around 320miles.
@@scottmccall6105 Always gone for vehicles with 50mpg never less.
This has meant diesels pretty much
@@stuartburns8657 yea, I mostly do lots of short journeys which my previous diesels hated. Kinda stuck me to petrol to keep a healthy engine. For the type of driving I do mostly I just love my leaf.
its only half a penny
Watch it again, take notes
It’s close to a 7% reduction in the rate I pay for most of my electricity. 😊