Why An EV Charging Price Cap Is NOT The Answer To Cheaper Prices
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- čas přidán 12. 09. 2024
- A price cap is the obvious answer to reducing EV charging prices, right? Wrong. And in this video, we'll explain not only why that isn't the right approach but look at what is. So stick around as Dave Takes It On.
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Happily we have a home charger, but when we’re on a long trip, as we are today St Neots), we always use open to all Tesla Chargers to take advantage of the lower rates and have never had any problems finding them, or charging. We have an MG4 Trophy. We’ve charged in Leeds, Celtic Manor, Portsmouth, Exeter, Lifton, Wyboston, Merry Hill. Easy!
A price cap becomes the recommended price, and everyone will set their price at the cap.
Agreed, it would remove competition and drive prices for more lucrative prices underground just like gas and electricity where the big suppliers refused to place their prices on price comparison sites.
@@G6EJDI disagree, it will stop profiteering. If they refuse to put their prices on price comparison websites then they won’t show up and nobody will switch to them. If they are the same price nobody will switch to them. I’ve got Intelligent Octopus GO, which is way cheaper than the cap even though Octopus has to comply with the cap.
Peak rate just below cap. All EV smart charging and 23:00 to 05:30 7p. On Monday they are doing smart charging for 3.5p.
But it's like wages we have the minimum wage but supermarkets are paying above that minimum wage. I think that it's a case of supply over demand and as Dave says vote with your feet, if the company down the road will pay you a £1.00 more per hour you will go and work their and if the charger or petrol pump, sorry, is cheaper around the corner then go their.
The prices weren’t always this high. They went through the roof during the energy crisis but never went down again as they realised people would pay it. The 350KW chargers at Exeter (as an example) cost about 45p before the war in Ukraine.
Love what you have done with the logo and created the Titons!
I have had emails this week from a couple of charging companies. Instavolt have now added off peak charging at 55p. Another few have discounts similar.
So markets have started to set the rates by people using the cheaper ones or charging at cheaper times.
Hopefully they are starting to see the higher priced ones are not being used and will reduce the cost to encourage more users.
I've mentioned before, but it is at parity with petrol at about 52p/KwH. I won't buy electricity higher than that price. There is a need for Public Chargers to be required to label the price at the 'pump', just as petrol stations do. I also see a rather pernicious tendency for some installations to inflate the number of KwHs actually delivered, so there is a clear need for government to require standardized metrology of public chargers: "weights and measures" regulation, if you like.
Well said dave as always. Keep it up
I have for a while refused to go use any public charger which is 60p or more. This means mainly using Tesla chargers, very occasionally a 1 month subscription to Ionity that even including the subcription brings the cost below 60p kWh. 60p is equivalent to what it would have cost me doing the same journeys in an ICE.
Dave,
there is only one way for electricity prices and that is up.
The substancial uprades necessary to the local area network requires a lot of time and money, exacerbated by the push for heat pumps.
The increased use of renewables also pushes unit cost of electricity despite what the politicians say.
We already have extremely high electrcity cost per unit and it will go higher.
The wholesale daily price of electricity hasn’t been above 8.66pence (2 days) for the past 2 months - the only months I’ve tracked . Some days it’s less than 2 pence. July was fairly high - with an average of around 7 pence per kWh.
Dave the only reason vTeasla opened up their network was to get a slice of Gov money, when the criteria was changed. its great what theyare doing bring prices down but it all started throught the grants / funding changing.
Crazy thing is even at 54p for Instavolt its still insanely more expensive than Tesla.
“Don’t ever use chargers that are more than 79p p/kWh…” even if you need to get home?!
That is just poor planning, plenty of apps show you the price and location of chargers. I did a trip from my home in the South East to Lands End then to John O'Groats and back home again 9 months ago and never paid more than 45p kWh. It just took a little planning. With more Tesla Superchargers now open to all the same journey should be even easier.
@@MrDAVIDATKINGod knows where you got no more than 45p without Tesla superchargers unless you have a subscription to something or waited hours to charge.
You shouldn’t have to piss about planning your journey through. Most of these sites are effectively charging £3 per litre if it was petrol. Absolutely nobody would be able to sell petrol for that! The profit margin is enormous but they are getting away with it because they can. If all the petrol stations put petrol up to £3 a litre for no reason the government would come down on it like a tonne of bricks and they should do with EV charging.
Price cap = target for suppliers to hit. No interest in them going below the cap.
Thanks Dave. For covering this topic in your video. I think you could have been a little more succinct making a more accessible shorter video.
But content appreciated nonetheless.
I’m in the North East, England with a GV60 and get an Ionity complementary ( no subscription required) discount with being a Genesis customer. So Ionity 350kW chargers have a 56p/kWh tariff.
About 22 sites currently throughout the UK, of the sites I’ve been to typically 4 or 6 chargers. I plan my journey to make use of these should my 100% home charge giving 260 miles range isn’t sufficient.
18 months ago the tariff was a fantastic 24p/kWh so has gone up and a frequent use or lose the loyalty scheme policy now applies ( I’m sure someone will correct me but I believe 6 monthly use to maintain).
At 56p/kWh that means part of my road trip will be at a fuelling cost approaching that of an ICE but as it’s only part I can forgive that for the convenience of the ultra rapid speeds which can be obtained -recently 200kW at Ionity, Skelton, Leeds (admittedly no other chargers were in use otherwise typically 74kW).
I look forward to Ionity expanding into some more strategic locations providing 200 mile cover between sites for the whole UK and being able to maintain a competitive price.
Just stop big business from fixing electricity prices to the cost of gas, bit suppliers pay around 7ppKwh but fix the retail prices to gas as an excuse to hike prices and profits. If they want to continue ripping users off they need to be taken into public ownership.
It was. It business that fixed that but idiot government. I think it is Octopus CEO raised the fact that fixing the unit price to gas was ridiculous in todays energy market.
Great move.vote with your feet, or actually your car
We need employees parking 3-6kwh and apartments, 10-30kwh at Walmart, grocery, restaurants, gym etc. at 11kwh adds 50miles a hour plus Walmart would charge at cost because they want business and customers. 30kwh 40kwh are very cheap on the internet compared to supercharges 150,000$ $$$$$$ is insane compared to 10,000
Hi Dave 🙂 I don’t know if you are aware of this charge point, I don’t think it’s on Zapmap yet. It’s off the A624 at Chaple en le frith, SK23.
It’s EV Power and it’s 24 Hour, 0.65p per KWh, which is the cheapest of its type in the area I think 🤔 👍
Cheers Dave
The price cap on domestic use was brought about because people on prepay meters (the ones who could afford it the least) and people that didn’t engage with the market were being ripped off. When the energy market was functioning properly that was fine. It didn’t become a target as people that could and did engage could shop around.
I agree people should avoid charging at rip off sites, but they nearly all are apart from Tesla. I actually think it does need government intervention with a price cap. They can always get rid of it later. If it was set at 60p it would still be way over the commercial unit rate and have an immediate effect. It would take ages to get to that when the majority of EV owners only rapid charge when they absolutely have to.
Dave, talking of charging. I have heard many times recently, advice given, to keep LFP batteries continuously fully charged as they do not suffer degradation. I have never believed this to be the case. Having watched a video recently, made using data on battery testng, it seems that running a LFP battery in the 75% to 100% is quite detrimental to that battery's health. The video suggests fully charging to 100% to let the BMS do its work then running it down to a low state of charge before recharging again. An opportunity for a video I think. Keep up the good work.The link to the video is czcams.com/video/w1zKfIQUQ-s/video.htmlsi=NO6uSriOi0Z_FNd4
Thanks will look into this
When I need to charge I find a charger and I'll charge. It's so seldom that the price is irrelevant. Same as doing a long journey with an ICE. I drive into a service station when I need to and the diesel price is irrelevant.
Even if the price say £2.50 and you are faced with shy of £300 bill, I don't think so
@@yurikislytsia8596 that's not very realistic though.....
A litre of petrol could, in theory, cost £50 because you didn't check before filling up.
If any business is not profitable or at least capable of being profitable in the future that business will fail.
Will , these companies start charging you different prices at different locations where it’s most popular cheaper where they don’t make much they will charge you more ., Wouldn’t surprise me
Charge mainly at home on night rate or solar. If require a charge when out I use Tesla open chargers. I would not reward a service provider that provides a poor or expensive service.
Electricity should be at 5%vat where ever it is purchased, be that at home or at a public charger it shouldn’t make any difference.
Will tesla expand its network?
Number of cars increases every day. Does number of superchargers keeping up?
Price caps don't work... just like our utilities they all skirt as close to the cap as possible.
if you make the cap 0:45p happy days.
More solar panels at charging hubs could help keep the costs down.
Look at all the acres of flat roofs on supermarkets etc.
Buildings need to be owned, not rented/leased, to be able to add solar in most cases - so not an option usually.
@@oliver90owner Don't supermarkets usually own their stores?
@@DavidPlayfair Most certainly not all of them.🙂
@@DavidPlayfair What a stupid question!!
@@tomegton Why?
Afternoon Dave
Money money money is all the government want bit like religions isn't it