Doom: Energy Price Cap

[BlasterBates]

Due to the energy price cap being raised it looks like EVs will be more expensive to run than petrol vehicles.

https://www.telegraph.co.uk/money/co...ve-run-petrol/

[tazdevil]

Due to the energy price cap being raised it looks like EVs will be more expensive to run than petrol vehicles.

https://www.telegraph.co.uk/money/co...ve-run-petrol/

They'll need to sell them with an optional diesel generator

I think Honda have got it right with their latest e:HEV tech which includes a petrol generator with your electric car. I've just ordered one as it makes the most sense financially especially as the finance deal includes £1K contribution and 5 years servicing and European roadside assistance. At 60mpg, benefits of electric drive and the latest tech what's not to like

[Paddy]

• EDF France Electricity tariff:
• The forecasts for the increase in the price of electricity in February 2022 announce +44% . To help consumers face this price increase, the government has implemented a price shield by lowering taxes and thus capping the increase at +4% .
• The price of one kWh of electricity in France for individuals is €0.1740 including tax at EDF's regulated tariffs for the most common meter powers (6 kVA) in the base option . For half of the households that benefit from the Off- Peak Hours option , the price drops to €0.1470 including tax per kWh during the 8 off-peak hours, but rises to €0.1841 including tax the rest of the time .
• Alternative suppliers such as TotalEnergies (formerly Total Direct Energie), Engie, Happ-e or Vattenfall frequently offer discounts of around 10% on the price of kWh excluding VAT compared to EDF's regulated tariffs.
• Added to this is the fixed part of the bill, the subscription , which most often costs between €100 and €150 per year depending on the power of the meter and the tariff option (base or off-peak hours).
• According to Eurostat, including consumption and subscription prices, the average price per kWh of electricity was €0.1893 including tax in France in 2020.
• The lowest price of electricity today is paid by consumers who participate in a group purchase of energy . After gathering a large number of participants, through strength in numbers, the organizers negotiate prices that beat the best public offers.

[tazdevil]

Perhaps we should set a cap equivalent to the one set by the French government on prices charged by French owned energy companies in the UK to ensure it isn't us who are funding the unrealistic French prices

[Zigenare]

They'll need to sell them with an optional diesel generator

I think Honda have got it right with their latest e:HEV tech which includes a petrol generator with your electric car. I've just ordered one as it makes the most sense financially especially as the finance deal includes £1K contribution and 5 years servicing and European roadside assistance. At 60mpg, benefits of electric drive and the latest tech what's not to like

You mean apart from the fact that it's a Honda?

I'll stick to my Diesel XJ - 50+mpg and a 600+ mile range.

[SueEllen]

Due to the energy price cap being raised it looks like EVs will be more expensive to run than petrol vehicles.

https://www.telegraph.co.uk/money/co...ve-run-petrol/

EV drivers can (or at least could) get special tariffs so they can charge overnight between certain hours at a much lower rate. They obviously have to have a smart meter.

I've seen figures and even with the price increase it works out cheaper than a petrol or diesel if you don't do long distances.

Also some supermarkets e.g. Lidl allow you to charge cheaply or free e.g. Tescos. Though I have no idea what the cost of the charging points in the streets around me cost.

[dsc]

• EDF France Electricity tariff:
• The forecasts for the increase in the price of electricity in February 2022 announce +44% . To help consumers face this price increase, the government has implemented a price shield by lowering taxes and thus capping the increase at +4% .
• The price of one kWh of electricity in France for individuals is €0.1740 including tax at EDF's regulated tariffs for the most common meter powers (6 kVA) in the base option . For half of the households that benefit from the Off- Peak Hours option , the price drops to €0.1470 including tax per kWh during the 8 off-peak hours, but rises to €0.1841 including tax the rest of the time .
• Alternative suppliers such as TotalEnergies (formerly Total Direct Energie), Engie, Happ-e or Vattenfall frequently offer discounts of around 10% on the price of kWh excluding VAT compared to EDF's regulated tariffs.
• Added to this is the fixed part of the bill, the subscription , which most often costs between €100 and €150 per year depending on the power of the meter and the tariff option (base or off-peak hours).
• According to Eurostat, including consumption and subscription prices, the average price per kWh of electricity was €0.1893 including tax in France in 2020.
• The lowest price of electricity today is paid by consumers who participate in a group purchase of energy . After gathering a large number of participants, through strength in numbers, the organizers negotiate prices that beat the best public offers.

You do realise EDF has almost gone under due to price caps and are now suing the government to give them more money to survive this? this is actually pretty funny as EDF is government own, so the gov is suing the gov...

Markets dictate energy prices and currently it's sky high as there's simply not enough resources around. Capping prices works nicely for consumers, but in the long run kills companies that have to buy the energy at market prices and are unable to charge consumers the right amount.

[mallisarealperson]

Due to the energy price cap being raised it looks like EVs will be more expensive to run than petrol vehicles.

https://www.telegraph.co.uk/money/co...ve-run-petrol/

EV owners can afford it though. Surprised if most care about the cost.

[ChimpMaster]

Scottish Power are telling me that my monthly gas+electric direct debit will go up to £1700/month if I choose their current 'cheapest' fixed tariff.

I used to pay £220/month during Covid times and I have since insulated my home after some extensive works, including loft and even underfloor (100mm insulation).

[SueEllen]

Scottish Power are telling me that my monthly gas+electric direct debit will go up to £1700/month if I choose their current 'cheapest' fixed tariff.

I used to pay £220/month during Covid times and I have since insulated my home after some extensive works, including loft and even underfloor (100mm insulation).

Expect them to over estimate your monthly DD for the next two years.