Gas & Electricity

[west didsblue]

No-one buys an EV to charge away from home unless you travel far a lot but in that case an EV is probably not as practical as a diesel. Diesels however are taxed to hell and need servicing so there's no cheap option. The practical range of a decent EV is 200-300 miles so unless you're doing that everyday then you'll be charging at home 99% of the time.

I've managed to get on an EV tariff with Octopus (joined last week) so they're still open to customers, it's really worth considering asap if others are getting an EV, just in case they bin it off. I'm paying more on the usual daily rates because I've fixed but it seems a good idea to be honest as our usage is otherwise pretty low. Octopus also have no exit fees so it's easy to get out if they bin the EV tariff or the price cap drops (lol, fat chance).

Night charging prices are 7.5p per kWh so that's around £5-£6 to charge up and give 300 miles or so. The main problem for anyone considering an EV now isn't the price of electricity but rather what inflation has done to the price of the car itself. Most cars have jumped up at least 10-20% in price this year and they aren't cheap to begin with.

The car I've ordered was £400pm on lease earlier this year. To order it now is something like £550pm and if I'd of been paying that then I'd be keeping the diesel!

As long as you can pay 7.5p per kWh it’s a no brainer but if you had to pay standard prices, the initial outlay would make it pointless.

 

[mancityvstoke]

You need to know this​

Energy prices are at record highs, and most homes will be better off staying with their current energy supplier right now.

If your fixed term is coming to an end, don't choose a new tariff or switch supplier.

Instead, let your supplier automatically move you to their default tariff, so your prices are protected by the Government's Energy Price Cap.

Would you like an email when prices fall?

 

[Citizen of Legoland]

I should be fine on that front, how does it complicate matters btw?

From what I’ve briefly read, you need to be able to prove the solar panels are not leased (is that still possible?) or you may have to pay off any payment plans in place. In summary, you must own the solar panels outright. Might be other issues I don’t know about though.

 

[Scottyboi]

From what I’ve briefly read, you need to be able to prove the solar panels are not leased (is that still possible?) or you may have to pay off any payment plans in place. In summary, you must own the solar panels outright. Might be other issues I don’t know about though.

Ahh OK yeah will be owning them outright.

 

[splinter]

My frugal lifestyle will see me just about scrape through..good job the neighbours are used to having a scruffy looking fucker knocking about..

 

[hammocity]

I should be fine on that front, how does it complicate matters btw?

It’s to do with outstanding leases and pay as you go options. If you want to get the equity out you have to pay the lease up which can be expensive. There’s complications on selling the house as well as you’re still responsible for completing the lease before you sell. As more and more go to SP I’m sure agreements will become a normal part of the sales procedure.

 

[abu13]

Martin Lewis laid it out in a quite stark way this morning.

Basically for every £100 you spend on Gas and Electric you will see an £80 increase. In October.
then in Jan whatever you are paying is likely to increase by at least 50%

So if you are paying £200 a month now, it will increase to £360 next month.
Come January you can expect another £180 increase up to £540 a month.

Just let that sink in.

There is a huge crisis coming unless the government do something radical.
Cutting a bit of Tax will do fuck all.

 

[lee_wsm]

Martin Lewis laid it out in a quite stark way this morning.

Basically for every £100 you spend on Gas and Electric you will see an £80 increase. In October.
then in Jan whatever you are paying is likely to increase by at least 50%

So if you are paying £200 a month now, it will increase to £360 next month.
Come January you can expect another £180 increase up to £540 a month.

Just let that sink in.

There is a huge crisis coming unless the government do something radical.
Cutting a bit of Tax will do fuck all.

Sounds like a lot of us are in the shit big time

 

[city2]

Don’t worry Liz is gonna sort this I just have this feeling in my willy

 

[mancityvstoke]

Don’t worry Liz is gonna sort this I just have this feeling in my willy

Thanks for that.....