Energy price cap rise – what it means for charging an electric car at home

Following the Ofgem announcement of an increase to the energy price cap that will take effect from 1 October, RAC spokesperson Rod Dennis said:

"The impact of the energy price cap increase will certainly be felt by drivers who charge their electric cars at home, with a full charge of a typical family-sized electric SUV costing 84% more from 1 October than it did under the old cap - £33.80, compared to £18.37. Despite recent falls in the price of petrol and diesel, the cost of charging at home is still good value compared to paying for either fuel, but again underlines just how the rising cost of electricity is affecting so many areas of people's lives.

"We're also aware that public chargepoint operators are having no choice but to increase their prices to reflect the rising wholesale costs they're faced with, which will heavily impact drivers who have no choice other than to charge up away from home. The RAC continues to support the FairCharge campaign call for the Government to cut the VAT rate levied on electricity from public charge points to 5%, to mirror the rate charged on domestic electricity."

Further details on the cost of charging an electric car is available from RAC Charge Watch

*Article Source www.rac.co.uk