The forthcoming electricity price reductions will ensure home EV charging costs drop but drivers can easily lower them more, according to Ohme.

Drivers can lower their bills further still by switching to an off-peak tariff

Last week saw the market authority Ofgem announce that the Standard Variable Tariff for domestic electricity rates will fall to 30p/kWh from 1 July.

The reduction is down from the current 34p/kWh which has been in place since 1 October 2022.

It’s welcome news to EV drivers keen to reduce their charging costs,

But smart charging specialist Ohme is encouraging those same drivers to make even greater savings by switching to an off-peak EV tariff such as those from Octopus or Ovo.

“It’s great that the Standard Variable Tariff is being lowered which will help EV drivers to reduce their charging costs,” said Ohme CEO, David Watson. “However, drivers can lower their bills further still by speaking to their existing electricity supplier and finding out if they offer an off-peak tariff. If their energy provider doesn’t offer an off-peak tariff, then they should consider switching to one that does, to get the full savings of running an EV.”

For the average UK driver covering 6,800 miles a year, charging on an off-peak tariff in a typical EV would cost just £127.50 for a year’s worth of driving with Octopus Intelligent at 7.5p/kWh.

At the new Standard Variable Tariff of 30p/kWh, that same annual mileage would cost £510. And the same mileage in an equivalent petrol car would cost a driver more than £1100.

Ohme’s Home Pro smart charger can connect with the national grid in real time and automatically adjust its charging for drivers to take advantage of all the times of low-price charging with smart off-peak tariffs. The technology also enables drivers to charge their car when renewable energy generation on the National Grid is at its highest, further lowering their CO2 impact.