What Impact Will the Energy Bills Crisis Continue to Have on EV Drivers?

What does your energy bill consist of?

Your energy costs will be dictated by multiple things. Roughly 50% of your bill consists of the wholesale cost of gas and electricity. In the UK, where fossil fuels still make up around 60% of our energy mix, this means that prices can fluctuate based on the costs of oil and gas, in particular.

The remaining half of your bill is a mixture of distribution, transmission charges, VAT, environmental costs, meter provision and your supplier’s costs, plus profits.

The Status Quo

Why are electricity rates still fluctuating?

The ongoing issues surrounding fluctuating electricity prices have been caused by ongoing geopolitical and economic tensions. The disruption to the UK’s gas supply, which was caused by Russia’s invasion of Ukraine, whose gas many European countries are dependent on, influenced gas and electricity prices. Likewise, COVID, climate change, US tariffs, the conflict in Iran and other factors make prices fluctuate significantly.

Although prices have come down since their spike in 2022, they are still around 40% higher than they were pre-Covid, and don’t look likely to reduce much in the near future.

What is the UK Government doing to help?

The Government supported households through its Energy Price Guarantee, which protected households from the worst of the price rises, but this has risen and fallen over the years since 2022. Energy prices fell by 7% for millions of households on 1 July 2025, but they are predicted to rise again this October.

Other means of support include help with cost-of-living payments of varying amounts for certain individuals, and an increase of £100 to the Alternative Fuel Payment for households off the gas grid.

The Impact on EV Charging Costs

How will EV drivers be affected?

The renewable energy source base price goes up as the gas base price increases, which in turn increases the base costs of EV charging for companies like Mer. As the amount we are paying out for electricity has risen significantly, EV charging prices have been affected simultaneously.

However, despite rising electricity prices fuelled by the increase in gas prices as a consequence of Russia’s ongoing invasion of Ukraine, the conflict in Iran, and the ongoing effects of climate change, the current reality that the cost of charging an EV is comparable to the cost of fuelling an ICE vehicle will not endure.

As of May 2025, the average UK gas price per therm was 86.25p, down from £3.56 at its peak in August 2022.

Likewise, many Brits are installing solar panels and batteries in their homes and businesses to reduce their reliance on the grid, insulate themselves from volatile prices, and save money. Consequently, this offers significantly cheaper EV charging costs, either through generating their own power or utilising cheaper tariffs overnight.

Mer EV’s Charging Prices

Whilst the energy market remains volatile and unpredictable, our focus remains the same. As we work toward our goal of empowering the country’s shift towards a more sustainable future, we aim to provide EV drivers across the UK with the most efficient, simple and reliable charging experience on our public network.

At the time of publication, our prices are as follows:

Fast chargers (up to 25kW):

• Registered User: £0.55/kWh
• Guest, roaming and contactless: £0.56/kWh

Rapid chargers (Above 25kW):

• Registered User: £0.76/kWh
• Guest, roaming and contactless: £0.78/kWh

More information on Mer’s public charging prices can be found on our Pricing page.