Eon drive night rate massive drop?
Eon drive night rate massive drop?
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Discussion

V8 Stang

Original Poster:

4,490 posts

208 months

Saturday 4th April
quotequote all
So i had a message a while ago stating my electric and gas will be reducing from April due to government cost cap. Thinking meh that will be pennies.


Noticed this week that my smart meter display has been much lower than normal. So just took a look at my account and to my amazement the night rate has gone from 7.5p a KW down to 3.99p a KW!! along with 7p a KW off the day time rate (32p down to 25p).

Surely this can't be right? anyone else with Eon drive getting this?


Pistonheadsdicoverer

1,266 posts

71 months

Saturday 4th April
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How much did your standing charge go up by?
60p is very high.

TheDeuce

32,319 posts

91 months

Saturday 4th April
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Different suppliers presenting total cost of supply in different ways to appear competitive...

Between Eon and Octopus there's probably not more than pennies to split them one way or another, either way, providing you use each respective tariff efficiently.

Yes the 60ppd standing charge is doing some heavy lifting I think! A bargain for heavier users, more like a stealth cost for light users that don't realise they're funding the others!

sixor8

8,168 posts

293 months

Saturday 4th April
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I'm on Next Drive V7 and mine has gone down from 6.7p to 3.19p per kWh for 7 hrs a night. It's because of the Energy Company Obligation being dropped into general taxation. smile

Unfortunately, it'll only be until 15th May when my fixed rate term ends. It's 9p per kWh from then for 6 hrs a night, but I was paying that 2 yrs ago with Octopus for only 4 hrs a night. Standing charge now 53.15p, 60p from 15/05/26. I've looked elsewhere, not really worth switching.

V8 Stang

Original Poster:

4,490 posts

208 months

Sunday 5th April
quotequote all
Its always been 60p a day on this deal. I do around 20K miles in an EV, so fairly heavy night user.

If its not a mistake then, looks like extra cheap motoring until November!

RotorRambler

1,038 posts

15 months

Sunday 5th April
quotequote all
Similar on Octopus
The Fixed reduction due to price cap, will the reduction be reversed around June, return to the fixed price, assuming there is a hike then?. I can’t see that written down on Octopus.

CactusJackEV

15 posts

3 months

Sunday 5th April
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It's definitely not “normal,” so worth sanity-checking.

Here’s the context first. Typical E.ON Next EV tariffs (like Next Drive) usually sit around:

~6.5p–9.5p/kWh off-peak
~30p-ish daytime

And broadly across the UK, most EV tariffs land around ~7p overnight, not ~4p

So dropping from 7.5p → 3.99p is very aggressive. Way below typical market rates.

Mark V GTD

3,078 posts

149 months

Sunday 5th April
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It is. I’m now on the EDF 5.5p rate which they combined with extending the off-peak hours from midnight until 5.00am to 11.00pm to 6.00am. The extra hour before midnight makes it much easier to take advantage of low rate use of household appliances.

As for the EV costs under this tariff - it’s getting to the point where it’s virtually negligible at around 500mpg equivalent based on current petrol costs.

POIDH

3,246 posts

90 months

Sunday 5th April
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Octopus Intelligent Go - I took have dropped to 3.something overnight and 7.something off day rate this week.
Plus solar use and selling surplus at 12p.
And of course most of the cheap 'leccy goes in the car, and shortly a house battery here...

normalbloke

8,631 posts

244 months

Sunday 5th April
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Put it in the piggy bank people, the price cap implications in the next 3 months will be eye watering.

sixor8

8,168 posts

293 months

Sunday 5th April
quotequote all
RotorRambler said:
Similar on Octopus
The Fixed reduction due to price cap, will the reduction be reversed around June, return to the fixed price, assuming there is a hike then?. I can t see that written down on Octopus.
It's NOT due to the price cap, that was only a small reduction, and only applies to variable rates anyway. EV tariffs are not capped because they are voluntary. It's removal of the ECO, announced months ago. 75% of the RO will be paid from general taxation:

https://www.which.co.uk/news/article/all-household...

Consequently, even those on fixed tariffs got a reduction. Why it was quite so much I'm unsure but not complaining. smile

There were a few suppliers who didn't fund the ECO so the savings with them will be less. They are 100green. Also, Fuse, Good, Home and Tulo (all suffixed Energy).

georgeyboy12345

4,426 posts

60 months

Sunday 5th April
quotequote all
Pistonheadsdicoverer said:
How much did your standing charge go up by?
60p is very high.
Current price cap is 57p, so not really.

ashenfie

2,603 posts

71 months

Thursday 9th April
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Not sure the relevance of the price cap as no one is paying that rate. I am on E-ON and my rates are 18.84 p/kWh and 53.77 p/day. Seems you need to be using a lot of over night electricity to break even.

TheDeuce

32,319 posts

91 months

Thursday 9th April
quotequote all
ashenfie said:
Not sure the relevance of the price cap as no one is paying that rate. I am on E-ON and my rates are 18.84 p/kWh and 53.77 p/day. Seems you need to be using a lot of over night electricity to break even.
Jesus that's so high!! My average per unit cost is 12ppkw...

ashenfie

2,603 posts

71 months

Wednesday 15th April
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TheDeuce said:
ashenfie said:
Not sure the relevance of the price cap as no one is paying that rate. I am on E-ON and my rates are 18.84 p/kWh and 53.77 p/day. Seems you need to be using a lot of over night electricity to break even.
Jesus that's so high!! My average per unit cost is 12ppkw...
So your comparing a tariff rate(s) with a blended rate, what are the tariff rates?

MinchCS

49 posts

3 months

Wednesday 15th April
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ashenfie said:
So your comparing a tariff rate(s) with a blended rate, what are the tariff rates?
Not the poster you have asked, but my latest bill from Octopus has just dropped (Intelligent tariff).

Monthly average (blended) is 12.71p/kWh

Tariff: 25.11p/kWh during the day, 4.95 off peak, standing charge 54.62p. All plus VAT at 5%.

We run 2 EVs but have an electric Aga. 6 bed old farmhouse, 2 occupants.

MinchCS

49 posts

3 months

Wednesday 15th April
quotequote all
ashenfie said:
Not sure the relevance of the price cap as no one is paying that rate. I am on E-ON and my rates are 18.84 p/kWh and 53.77 p/day. Seems you need to be using a lot of over night electricity to break even.
Ouch! That is very expensive.

TheDeuce

32,319 posts

91 months

Wednesday 15th April
quotequote all
MinchCS said:
ashenfie said:
So your comparing a tariff rate(s) with a blended rate, what are the tariff rates?
Not the poster you have asked, but my latest bill from Octopus has just dropped (Intelligent tariff).

Monthly average (blended) is 12.71p/kWh

Tariff: 25.11p/kWh during the day, 4.95 off peak, standing charge 54.62p. All plus VAT at 5%.

We run 2 EVs but have an electric Aga. 6 bed old farmhouse, 2 occupants.
As the original poster asked, mine is about the same overall - but 7p off peak and lower standing charge.

Electricity has gone back down in price now, to the point that I'm not interested in jumping between tariffs. Intelligent octopus works well for us as EV drivers and it integrates with our home energy planning. There would need to be a big shake up and some real problems at octopus for us to shift.

I'm sure those on Eon feel the same way and there's probably next to nothing between them, apart from for people that put themselves on a totally unsuitable tariff because they can't do sums!