Drivers can make running costs ‘considerably cheaper with savings of ‘over £600 per year’
Specific drivers can save hundreds of pounds every year by changing their electricity agreement this summer.
Certain motorists can save a whopping £600 per year on their vehicle running costs by making a simple policy switch, according to experts.
A new analysis found that electric car owners charging at home on a dedicated EV tariff will make savings compared to those on a standard electricity account.
Analysis of the UK’s updated energy tariffs from designer charge point firm Andersen found dedicated EV tariffs were the way forward with massive savings to be made.
EV tariffs are specifically designed for motorists who wish to charge their car in the cheapest possible way.
Tariffs offer a lower electricity rate at night so motorists pay the absolute lowest to use their vehicles.
David Martell, CEO of Andersen warned switching to a dedicated EV tariff would be “considerably cheaper” than sticking with the base rate.
He stressed that changing agreements wasn't difficult and motorists shouldn't be intimidated by the process.
Speaking to Express.co.uk, David said: “Our report shows that there are a host of cheap smart tariffs out there that make electric driving considerably cheaper than running an internal combustion engine vehicle.
“Switching energy providers or changing tariff with your existing provider doesn’t have to be a difficult process.”
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The latest Index reports that there are now nine smart EV-specific tariffs available on the market.
On average, these rates charge drivers just 7.7p/kWh, massively lower than fees on standard electricity policies.
As of July 1, the standard rate electricity tariff stood at a whopping 22p/kWh which is three times higher.
Those on dedicated tariffs could be paying around £51.42 per month or £617.14 per year more to top-up their vehicles.
However, USwitch has confirmed that most, if not all, of these agreements will require motorists to have a smart metre installed.
This is so providers can track motorists' usage and determine how much electricity has been used at which rates.
Motorists who can’t have a smart meter or refuse to have one installed “probably won’t be able to take advantage of EV charging tariffs”.
BookMyGarage, the leading car service and repair comparison site, explained how EV tariffs work and how motorists can take advantage of discounts,
They commented: “There are two kinds; a two-rate tariff which offers cheaper electricity overnight, and a single-rate tariff, where you pay the same amount no matter the time. This electricity does often come at a discount if you own an EV.
“Usually, the two-rate tariff is the cheaper option. You’ll have to prove that you own an EV, and normally you’ll have to be an existing customer to upgrade to the EV tariff.”
