Still pretty cheap to run...
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gangzoom

Original Poster:

7,857 posts

236 months

Sunday 13th November 2022
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So with all the prices rises, cold weather etc, I was expecting our home electricity bill to be astronomical this winter. Ok we are still a couple months away from proper winter, and global warming seems to have spared the UK so far of any frost. I was still pretty shocked (in a good way), how little electricity costs at home.

£63.82 to cover just over 1000 miles of EV usage, home electricity usage, and includes VAT+standing charge, seems not that bad?


Mark-ri571

749 posts

128 months

Sunday 13th November 2022
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What Electricity rate are you on ?

FeelingLucky

1,159 posts

185 months

Thursday 17th November 2022
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I'm guessing either Go or Intelligent.

Maracus

4,545 posts

189 months

Thursday 17th November 2022
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gangzoom said:
So with all the prices rises, cold weather etc, I was expecting our home electricity bill to be astronomical this winter. Ok we are still a couple months away from proper winter, and global warming seems to have spared the UK so far of any frost. I was still pretty shocked (in a good way), how little electricity costs at home.
Our usage was £215 last month for Gas & Electric. That's around 1200 electric miles all charged at home on Octopus Go (7.5p)

Take off the £66 winter fuel subsidy and as you say, it's pretty good at £150.

For 1200 miles in an equivalent ICE we'd be paying £225 alone.

gangzoom

Original Poster:

7,857 posts

236 months

Thursday 17th November 2022
quotequote all
Mark-ri571 said:
What Electricity rate are you on ?
Octopus Go.

Mark-ri571

749 posts

128 months

Thursday 17th November 2022
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I’m on Go but unfortunately missed out on the 7.5p cheap rate and am on the 12p 4 hour rate.

TheDeuce

30,593 posts

87 months

Thursday 17th November 2022
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I'm on 7.5p/39p locked in for 12 months in intelligent octopus - which is basically octopus go but you just need a compatible car/charger to get the extra cheap rate hours. Average cost per unit is about 15p now, I'm very happy with the solution.

I do approx 10k miles a year and charging only during the cheap hours it costs about £300 per year.

If I had a 400hp ICE SUV I'm guessing I would be putting about £100 in it every week if I drove it the same way as the 400hp EV. It's laughably cheap really.

Actually a 400hp ICE SUV wouldn't even be as quick because of the lack of torque. I guess the equivalent from Jaguar in performance terms would be supercharged V8 SVR car? We seem to be heading back up to £2 a litre of fuel so god knows how much such a car will cost a year to run these days. Certainly a lot more than the EV, probably so much more that you could easily cover the extra monthlies on the EV.

I think the value differential might go the other way of you compare a used leaf EV to a used comparable ICE, because the ICE is so much less to buy in the first place. But once you throw the requirement for performance into the mix, EV wins easily in terms of running costs even with whatever premium to buy.



Edited by TheDeuce on Thursday 17th November 22:08