Which is the best octopus tariff for EV?

Octopus Go is perfect for electric vehicle drivers. Using cutting edge technology, the Go tariff gives you super cheap energy overnight between 12:30am and 4:30am. Wake up to a topped up vehicle at the cost of just 12p per kWh.

Does octopus have an EV tariff?

Have an electric car and a home EV charger. Our Octopus Go Tariff is designed for customers who either own or long-term lease a battery electric vehicle or a plug-in hybrid vehicle that they’ll be charging at home, so you need one to join.

Which is the best octopus tariff for EV? – Related Questions

Are EV tariffs worth it?

Despite some higher costs, EV owners typically pay less overall for their energy once they sign up for an EV tariff than they would under the Energy Price Guarantee cap. Octopus Energy calculates that households on their ‘Go’ tariff use around 42% off-peak, so would pay 28.6p/kWh for their electricity overall.

Is electricity cheaper at night with Octopus Energy UK?

This means you pay less for any energy you use at night (usually between 12:00am and 7:00am) and more for energy used during the day (usually between 7:00am and 12:00am).

Can you still get EV tariff?

You can still switch your electricity to the EV tariff, while keeping your current supplier for gas. The only drawback is having to deal with two suppliers instead of one. However, some firms do offer dual-fuel EV tariffs, letting you switch both your gas and electricity.

What is the cheapest tariff with Octopus Energy?

❓Octopus Energy Tariff FAQs

The unit rate for electricity with Octopus is 13.15 pence per kWh and the standing charge is 21 pence per day. If you’re on an Economy 7 tariff, the unit rate during the day is 14.49 pence per kWh, while at night it’s 7.76 pence per kWh – the standing charge is the same.

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What is Octopus EV?

Octopus Electric Vehicles partners with the experts behind some of the most innovative smart chargers on the market. Plug your car in before bed, and your charger will only start to charge when the cheap 7.5p price kicks in. Interested in a smart charger? The Octopus EV team can sort you out.

What are Octopus smart tariffs?

Intelligent Octopus is a smart time-of-use tariff with peak and off-peak pricing. Customers benefit from a low price night rate for their EV and home energy use of 10p/kWh between 11:30pm and 5:30am. Outside these hours your unit rate will vary by region.

What time of day is Octopus Energy cheapest?

Octopus Go is an electricity tariff with a bonkers cheap 12p / kWh rate for four hours every night (between 00.30 and 4.30am).

Is Octopus putting their prices up?

The price rise will come into effect from 2nd April 2022 for customers on Octopus Energy’s standard variable tariffs.

Is Octopus Energy cheap?

You’ll get a good price for your energy, it might not be the absolute cheapest out there, it’s around average, but you’ll be saving the planet with 100% green energy. You can’t put a price on that.

Are Octopus Energy in trouble?

Octopus Energy reports close to breakeven financial results but predicts it will take a £100m hit from energy crisis. Greg Jackson, Octopus Energy Group CEO, said “2022 will be tough in energy.” Image: Octopus Energy.

Did Octopus Energy go bust?

The 22 companies to collapse before Bulb had a combined 2,076,800 customers, with Shell Energy, British Gas and Octopus Energy among those taking on customers. The partial collapse of energy provider Bulb follows the collapse of 22 other firms who have ceased trading during the gas crisis.

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Is Octopus cheaper than British Gas?

They carry the burden of these costs, and they have no option but to pass on to their customers in the form of bigger energy bills. Let’s take a closer look. For Octopus, our standard variable tariff is currently about £121 cheaper than British Gas. That’s £923 vs £1044 for a medium user.

Who is Octopus Energy owned by?

Octopus Energy Group is a British renewable energy group specialising in sustainable energy. It was founded in 2015 with the backing of British fund management company Octopus Group, a British asset management company.

Octopus Energy Group.

Type Private
Key people Greg Jackson (CEO), Fiona Howarth (CEO of Octopus Electric Vehicles division)

Are Octopus Energy taking new customers?

New customers who switch to Octopus can choose its Flexible tariff to pay less than the price cap, and will automatically qualify for the Loyal Octopus support. If you are affected, you will be sent an email from the supplier explaining what the cost difference means to your bills.

Who has the cheapest electricity per kWh UK 2022?

Most UK households are expected to have a huge financial shock due to the expected 83% increase in electricity prices by October, putting the rate a 51 p/kWh for the last quarter of 2022. For a number of years, Yorkshire has been known to have the cheapest electricity rates in the country.

Is it better to go fixed or variable energy 2022?

You will benefit from set rates that will protect you from energy price hikes and make it easier to take control of your utility bills. However, fixed tariffs can be more expensive and often come with large exit fees and other contractual conditions.

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