Particle.news

Download on the App Store

Ofgem Raises Energy Cap as OVO Launches EV Charging Subscriptions in UK

Smart pricing and a push to cut VAT on public charge points aim to shield drivers without home chargers from rising electricity costs.

Overview

  • Ofgem’s price cap is now £1,755 for a typical household, nudging a 60kWh home charge from about £15.43 to £15.81 and adding roughly £138 a year for frequent chargers.
  • OVO introduced Charge Anytime monthly plans covering home and public charging, with a £27.50 Standard tier (350kWh plus a £240 annual public-charging voucher) and a £37.50 Premium tier (500kWh), claiming up to £460 in annual savings.
  • Experts highlight smart EV tariffs such as Octopus’s rates near 7p/kWh that can cut costs to under £10 a month, with Ohme data showing an Audi A6 e-tron charge at £5.31 on a dynamic tariff versus nearly £20 on the standard variable rate.
  • Campaigners urge the Chancellor to reduce VAT on public charging from 20% to 5% to match home electricity, noting that 34% of households cannot install a home charger and face higher running costs.
  • Analysis cited by GB News reports public-only charging can rival or exceed diesel costs on long trips, though a VAT cut could tip those journeys back in EVs’ favor as registrations reached 26.7% of new car sales in August.