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What Impact Will The Energy Crisis Have On UK EV Drivers?

5 July 2022 BlogEV for Drivers

Wholesale energy costs and household bills are on the rise. How will this affect EV drivers?

*Updated 4th July 2022

From April 1st 2022, Ofgem’s highest ever price cap of 54% per year set in, applying for those on standard tariffs, default tariffs and out-of-contract tariffs.  

Rather than an absolute limit on your bills, the cap applies to your rates – or the amount you pay per unit of electricity or gas used, in addition to the standing rate for grid connection. So, for example, a home using a medium amount of gas or electric – defined as 12,000kWh gas and 2,900kWh electricity a year – will be experiencing a rise in rates by around £693 per year, or £58 per month. It could be as much as £130 per month if you aren’t paying via direct debit.  

The increase in the cost of living has swiftly taken effect: a consumer with an average dual fuel default tariff paid through direct debit has seen an increase of £693 of their annual energy bills. By October, energy bills could increase to approximately £2,800. 

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