Ofgem’s new energy price cap will see electricity prices rise from October but EV drivers could slash their charging costs with a smart tariff.

From 1 October to 31 December 2025, the price for energy for a typical household who use electricity and gas and pay by direct debit will go up by 2% to £1,755 per year. For a typical household, their energy bills will increase by £35 a year, although higher-energy users will pay more.

Ahead of the energy price cap rise, Ohme is recommending EV drivers switch to a smart tariff to reduce their running costs to potentially as low as £10 a month.

The new Standard Variable Tariff (SVT) for electricity rises to 26.35p/kWh, meaning the average UK driver could spend more than £440 over the course of a year running an EV, based on an annual mileage of 6,800 miles.

That’s still less than half the cost of running a petrol car, but home EV charging company Ohme says those charging costs could be considerably lower with one of the many off-peak and smart energy tariffs on the market.

EV-friendly tariffs such as Intelligent Octopus Go boast rates as low as 7p/kWh, meaning a typical EV driver could run their car for less than £10 a month.

To illustrate this further, fully charging an Audi A6 Avant e-tron with a 75.8kWh battery from 0% with an Ohme smart charger on a dynamic tariff such as Intelligent Octopus Go could cost just £5.31 for its 361-mile WLTP claimed range. By comparison, the same charge on the new SVT rate from 1 October will cost £19.97 – more than three times more.

“Any EV driver charging at home should look at switching to one of the wide range of smart electricity tariffs to help them reduce their everyday running costs,” said Ohme CEO David Watson. “Charging at home is still the most affordable place for EV drivers to charge their cars even with this latest rise and changing to a smart tariff will enable to maximise those savings still further.”