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So I've seen some people mention switching to tariff of 4-5 hours of Off Peak Time (Normally between 00:00-05:00 or 00:30-04:30) for that ultra low rate of £0.05 per kWh.
Well lets take a look. I'm going to have to make some assumptions here ... but I'll leave the figures here for you to do all your own calculations.
1. I'm going to assume that the flat day rate charge is the same regardless of Tariff Options - but that's simple to work out ... (365 days x (rate - normally around 25p)) but will be £70-100 per year, so makes little difference overall.
2. I'm going to base this on the Average House compunction of Electricity of 4,000 kWh / Year (Check online, normally your current company will give you the past years bill history an just work it out) For reference, I have a 4 Bed House, with a teenager, a younger child, and a lot of electronics, and mine is closer to 6,000!
3. I'm going to assume just over one full charge of a Polestar 2 per week, so that's 4,000 kWh / year ... and a max 28kw per night (4 hours x 7k).
Normal Average UK rate (24hr)
£0.16 x 8,000 = £1280
Peak / 4hr Off-Peak rates of 20p/5p
(£0.20 x 4,000) + (0.05 x 4,000) = £1,000
Cheap Average UK rate (24hr)
£0.14 x 8,000 = £1,120
Cheap Peak / 4hr Off-Peak rates of 16p/5p
(£0.15 x 4,000) + (0.05 x 4,000) = £800
If you are a low EV user and have a high day usage at home then something like Simplicity "Celery" tariff might be for you @ 13p / kWh. But if you are going to daily drive your EV then Octopus Go of off-peak 5p / kWh will defiantly benefit you.
Shopping around on Companies will save you more than just switching plans.
I cannot stress this enough ... with a day's researching and some time in excel ... I'm now saving £300 a year by just switching Supplier and Tariff.
Well lets take a look. I'm going to have to make some assumptions here ... but I'll leave the figures here for you to do all your own calculations.
1. I'm going to assume that the flat day rate charge is the same regardless of Tariff Options - but that's simple to work out ... (365 days x (rate - normally around 25p)) but will be £70-100 per year, so makes little difference overall.
2. I'm going to base this on the Average House compunction of Electricity of 4,000 kWh / Year (Check online, normally your current company will give you the past years bill history an just work it out) For reference, I have a 4 Bed House, with a teenager, a younger child, and a lot of electronics, and mine is closer to 6,000!
3. I'm going to assume just over one full charge of a Polestar 2 per week, so that's 4,000 kWh / year ... and a max 28kw per night (4 hours x 7k).
Normal Average UK rate (24hr)
£0.16 x 8,000 = £1280
Peak / 4hr Off-Peak rates of 20p/5p
(£0.20 x 4,000) + (0.05 x 4,000) = £1,000
Cheap Average UK rate (24hr)
£0.14 x 8,000 = £1,120
Cheap Peak / 4hr Off-Peak rates of 16p/5p
(£0.15 x 4,000) + (0.05 x 4,000) = £800
If you are a low EV user and have a high day usage at home then something like Simplicity "Celery" tariff might be for you @ 13p / kWh. But if you are going to daily drive your EV then Octopus Go of off-peak 5p / kWh will defiantly benefit you.
Shopping around on Companies will save you more than just switching plans.
I cannot stress this enough ... with a day's researching and some time in excel ... I'm now saving £300 a year by just switching Supplier and Tariff.