EV charging price cut: Osprey will reduce its rates from a record £1 to 79p per kWh after recalculating costs since the introduction of the Government's Energy Bill Relief Scheme
Public charging operator Osprey has offered some relief to electric car owners who use its network by slashing its rates - a month and a half after upping prices to a record £1 per kWh.
The firm hit headlines in mid-September when it said sky-rocketing wholesale energy costs had forced its hand into increasing public charging rates to three times what it costs EV owners to plug in at home on average.
This week, the British company confirmed it will reduce its rates to 79p per kWh from 1 November, having recalculated its pricing since the introduction of the Government's Energy Bill Relief Scheme for businesses.
The new pricing means Osprey is no longer the UK's most expensive public charging operator.
That unwanted title has now been passed to Shell, with theoil giant's 'Recharge' network demanding 85p per kWh to access its fastest ultra-rapid charging devices.
Osprey announced its eye-watering increase to access any of its 300 charging devices across the country from 15 September, saying it had been put in a 'difficult position' as the wholesale price of electricity went into overdrive, rising by as much as 600 per cent.
It hiked its flat rate by 52 per cent from 66p per kWh to £1.
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In contrast, electric owners who have a homecharger at their property are benefitting from an average electricity rate of 34p per kWh since the Energy Price Guarantee kicked it from 1 October, while those with dedicated EV tariffs are able to recharge at off-peak times for as little as 7.5p per kWh.
It means those without off-street parking and charging facilities at home who use Osprey devices will have been paying up to 13 times more this month than those with a domestic charging devices.
The company had promised to review its pricing at the end of September, though delays in being able to calculating the impact of the Government's scheme for businesses has meant it hasn't been able to action any cuts until now.
The charging operator hit headlines last month when it announced an increase to its public charging rates to three times what it costs EV owners to plug in at home on average
Osprey Charging CEO, Ian Johnston, told This is Money: 'Whilst the Energy Bill Relief Scheme was announced on 21 September there has been little clarification from the government on the support mechanics, with some energy suppliers saying that customers may need to wait for their October bill before knowing the true cost they will be charged.
'Even after getting some detail through October on the wholesale discount, energy suppliers then have to work internally, factoring in their existing contracts and future market forecasts, to calculate the updated business prices they can offer to their business customers such as Osprey.
Ian Johnston, CEO of Osprey Charging, thanked its customers for their patience having said at the end of last month that it would be revising its pricing downward
'The Osprey team has worked tirelessly with its supplier partners to model the various scenarios to arrive at a view of where the support might end up, so we can pass on savings to customers as soon as has been possible.
'Under the current mechanics, a business agreeing a new supply arrangement today will not receive confirmation of the level of government support until the following week, and confirmation of the eventual cost from suppliers until the next bill – leaving any business to whom electricity is a significant proportion of their cost base heavily exposed.'
While government intervention will help to lower the cost of charging an electric car for now, both the Energy Price Guarantee for household bills and the relief scheme for businesses is due to terminate in March 2023 and could see the cost of running an EV increase next year.
In his statement sent out to EV drivers, Mr Johnston added: 'We would like to thank all of our customers for their patience during these difficult times and understand that if drivers are to make the switch to electric, they need cheap, reliable charging points all over the UK.
'Our focus continues to be on building an EV charging infrastructure for the future that is accessible and safe for all.
'Over the next two years we will invest over £50million expanding our nation-wide public charging network, establishing the much-needed national infrastructure that all drivers can trust and rely on.'
End of the road for free charging in Tesco car parks
While Osprey is cutting its prices, other public charging locations will be introducing them for the first time from next month.
Last week, Pod Point, which manages devices in Tesco car parks in partnership with Volkswagen, confirmed that EV drivers will no longer benefit from free charging at the supermarket.
From 1 November, electric car owners will need to pay 28p per kWh to use the slowest 7kW devices, 40p for 22kW chargers and 50p per kWh to plug into its network of rapid 50kW charging points.
The operator said it was ending free charging in the hope that 'customers will only top up when they need to, ensuring that they make way for others once their cars are charged'.
From 1 November, EV drivers will no longer benefit from free charging at Tesco car parks. Operator Pod Point confirmed it will introduce rates to prevent customers hogging devices
Founder and CEO of dedicated electric car website Electrifying.com, Ginny Buckley, says the move will be a 'blow to electric carowners across the country'.
However, she points out that the price to use a 7kW connector at a Tesco car park will still be less than charging at home, with the Energy Price Guarantee meaning the average household will pay 34p per kWh for electricity.
It means annual charging bills for an average family-size EV will be £615 using the cheapest Tesco devices compared to £747-a-year when using a homecharger and domestic tariff.
'While Tesco are on the front foot with providing charging at convenient locations, we need to ensure that the right infrastructure is in place - and at the right price - so that everyone can make the switch with confidence,' Buckley said.
'I would also like to see energy providers introduce cheaper night tariffs at public charge points to help balance the supply grid and benefit those without access to off-street parking.'
News of fluctuating public charging costs comes as fresh data released from the Department for Transport this week outlined how far behind target the nation's charging infrastructure is.
With 34,637 public charging points now in place across the UK, EV drivers have seen 875 additional devices installed each month between July and October.
However, if the government is to reach its target of 300,000 public charge points by 2030, the average rate of installations will need to increase to 3,015 each month - an uplift on the existing number of new devices added of 245 per cent.
But there are even greater concerns about growing disparities in availability across regions.
This is after figures show there are more charging points in London's Westminster than in Birmingham, Liverpool and Greater Manchester combined, a fact experts have described as 'shocking'.
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How many miles does an EV travel per kWh? Since we know that an EV uses around 0.25kWh per mile, based on an average 54kWh battery and an average vehicle range of 211 miles, we can conclude that an electric car will travel about 4 miles per 1 kWh used, in the perfect driving conditions.How many kWh does an electric car need to charge? ›
The average electric vehicle will need charging for around eight hours, so multiply 3,700 watts by eight hours to work out the kWh. This equals 29,600. This should be divided by 1,000 to convert it back to kW from watts, which is 29.6kWh.How much does it cost to charge a 40kwh battery? ›
|Type||Cost/kWh||Cost per mile^|
|Public Rapid||20p/kWh to 80% charge||3.8 p/mile|
|Public Rapid||25p/kWh to 80% charge||4.8 p/mile|
|Public Rapid||30p/kWh to 80% charge||5.7 p/mile|
|Public Rapid||35p/kWh to 80% charge||6.7 p/mile|
The State of Charge (SoC) is the percentage of charge your EV's battery has when you pull up to a charger. EVs draw power at a higher rate when they are between 20% and 80% charge, however when the battery is below 20% and over 80% the charge rate will slow significantly. This is due to the car protecting the battery.How long is 1kw hour? ›
A kilowatt-hour is 1,000 watts used for one hour. As an example, a 100-watt light bulb operating for ten hours would use one kilowatt-hour. Below are some examples of electrical appliances found in most homes. These examples are using a 10 cents per kWh rate.What is a good kWh? ›
The average electricity rate in the U.S is 13.14 cents, which means that anything below 13.14 per kWh, is a good energy rate.How many kW is a kWh? ›
1 kWh equals one hour of electricity usage at a rate of 1 kW, and thus the 2 kW appliance would consume 2 kWh in one hour, or 1 kWh in half an hour. The equation is simply kW x time = kWh.How many miles is a kWh? ›
The average electric car kWh per 100 miles (kWh/100 mi) is 34.6. This works out as 0.346kWh per mile. In other words, on average, electric cars consume 34.6kWh to travel 100 miles and 0.346kWh to travel 1 mile.What is the cost of charging an electric car? ›
Cost Of Charging
This implies that changing your EV at a proper charging station will cost you anywhere between Rs 100-200, while charging it at home would cost you Rs 180-500.
If your electricity costs $0.12 per kWh and you need to charge a 24 kWh battery fully, the total cost will be $2.88. If you're considering buying an electric car, you should also think about the cost of using a public charging station.
According to the Energy Saving Trust, the national average price (as of October 2022) per pence/kWh of electricity is £0.34.How do you calculate battery charging cost? ›
- Your charging time (hours) Charging time (hours) = battery energy added (kWh) ÷ charger power (kW) ...
- Your charge cost (£) Charge cost (£) = battery energy added (kWh) x electricity cost (p/kWh) ...
- kWh added. Battery energy added (kWh) = charger power (kW) x time (hours) ...
- Cost per mile (p/mile)
What percentage should I charge the battery to? For regular use, we recommend keeping your car set within the 'Daily' range bracket, up to approximately 90%. Charging up to 100% is best saved for when you are preparing for a longer trip. You can adjust how full the battery charges from the charge settings menu.Should I charge my EV to 100 every night? ›
Generally, you shouldn't charge your EV to 100% battery every single night because charging cycles can degrade your battery. Most EVs on the market have a range of a few hundred miles on a single full charge. Unless you are driving long distances every day, that charge should last you a few days.Should I charge my EV to 80% or 100 %? ›
Keeping the state of battery charge, from 0 percent to 100 percent , also improves the performance of the battery life of your vehicle. Even though a full charge will give you the maximum operating time, it is never a good idea for the overall lifespan of your battery.How many kWh per day is normal? ›
That means the average household electricity consumption kWh per day is 28.9 kWh (867 kWh / 30 days).How do I calculate kWh per hour? ›
Here's the Formula for Calculating Watts Into Kilowatt-Hours: kWh = (watts × hrs) ÷ 1,000.Is 100 kWh a day a lot? ›
To put it in perspective, an average home in California consumes about 20 kWh of electrical energy per day, so this 100-kWh fully-charged Tesla battery would cover this home's needs for about 5 days. Now that's great if you like to go off-grid.Which country has the cheapest electricity? ›
Meanwhile, thanks to their great crude oil and natural gas production output, countries like Iran, Qatar, Russia, and Saudi Arabia enjoy some of the cheapest electricity prices in the world. Here, the average household pays less than 0.1 U.S. dollars per kilowatt hour.What uses electricity overnight? ›
Bear in mind some appliances (like fridge/freezers and TVs on standby) use electricity overnight. Visit the Centre for Sustainable Energy (CSE) to get free and impartial advice on the energy usage of your appliances.
How Much Power Does An Average House Use? 1000 kWh is not far off the US monthly average for a typical home, which is 900 kWh/month. This equates to about 30 kWh per day.How do you calculate electricity cost per kWh? ›
total cost = number of units used × cost per unit
The cost per unit is set by the electricity company, for example 14.78 p per kWh. This means that each unit of electricity costs 14.87 p. An electricity bill has two important numbers: present meter reading and previous meter reading.
The “kilowatt-hours” you see on your power bill expresses the amount of power that you consumed in a month. To calculate the kWh for a specific appliance, multiply the power rating (watts) of the appliance by the amount of time (hrs) you use the appliance and divide by 1000.How many kWh make a unit? ›
CONSUMPTION CHARGE: This is your electricity consumption within the billing period. One unit is equivalent to one kilowatt hour hour.How much does it cost to drive 100 miles in an electric car? ›
To calculate the cost per mile of an EV, the cost of electricity (in dollars per kWh) and the efficiency of the vehicle (how much electricity is used to travel 100 miles) must be known. If electricity costs ¢10.7 per kWh and the vehicle consumes 27 kWh to travel 100 miles, the cost per mile is about $0.03.How much does it cost to drive an electric car 300 miles? ›
Fully recharging an electric car with a healthy range of 300 miles would require 75-100 kWh and cost $10-$14.How long do electric car batteries last? ›
“Today, most EV batteries have a life expectancy of 15 to 20 years within the car – and a second life beyond.” It's also worth noting that EV battery technology is still evolving, so as tech develops we expect batteries' lifespan to increase – as well as becoming cheaper, smaller and even lighter.Is charging an electric car cheaper than gas? ›
Charging an EV at home is significantly less expensive than fueling up with gasoline, and it's also drastically cheaper than using a public charging station.How much electricity does an electric car use per day? ›
On average, Americans drive about 14,000 miles per year, and based on data from fueleconomy.gov, EVs consume an average of 0.35 kilowatt-hours (kWh) per mile driven. Given these numbers: 14,000 miles per year equals roughly 38.4 miles per day. With a level 2 home EV charger, that's about 13.4 kWh of electricity daily.Do you have to pay to charge your electric car at a charging station? ›
Charging your electric car while out and about is a great way to top up your battery and many locations offer free charging to their customers or visitors. On most modern networks you can use a free-to-download mobile app to find chargepoints and start your charge.
Using the U.S. household average from June 2022 of about 15 cents per kWh, it would cost about $59 per month to charge an electric car.Is it cheaper to charge an electric car on 110 or 220? ›
The cost is dependent on the amount of power consumed, not the voltage at which it is consumed. So they will generally be almost exactly the same. However, most power delivery and charging systems are slightly more efficient at 240V than 110V, so the cost would likely be slightly cheaper.Is it cheaper to charge EV at home? ›
Charging an EV at home is usually the cheapest way to go, though you may incur some added costs to make the process more efficient. Depending on the type of public charging station you use, replenishing the battery on the road can either be free or surprisingly costly.Who has the cheapest electricity per kWh UK 2022? ›
Most UK households are expected to have a huge financial shock due to the expected 83% increase in electricity prices by October, putting the rate a 51 p/kWh for the last quarter of 2022. For a number of years, Yorkshire has been known to have the cheapest electricity rates in the country.What is the new energy price cap per kWh 2022? ›
What's the maximum charge for a single unit of electricity or gas from 1 October 2022? So, from 1 October 2022, if you're on a standard variable tariff paying by direct debit, the average unit price will be frozen at 34.0p/kWh for electricity and 10.3p/kWh for gas (including VAT).What is a good electricity rate UK 2022? ›
Unit Cost of Electricity per kWh, by UK Region
According to the latest Department for Business, Energy & Industrial Strategy data, average UK electricity prices per kwh were 18.9 p/kWh for 2021, but at the end of 2022 they will be 34.0p/kWh for electricity and 10.3p/kWh for gas, inclusive of VAT.
Battery and Charging
The battery of the Tesla Model 3 Standard Range has an estimated total capacity of 50 kWh. The usable capacity is 40 kWh (estimate). An estimated range of about 165 miles is achievable on a fully charged battery.
As we know that charging current should be 10% of the Ah rating of battery. Therefore, Charging current for 120Ah Battery = 120 Ah x (10 ÷ 100) = 12 Amperes. But due to some losses, we may take 12-14 Amperes for batteries charging purpose instead of 12 Amps.How much electricity does it take to charge a battery? ›
At 5 volts, 2 amps for 1 hour = 2 x 5 = 10 watts of power for 1 hour, = 10 watt-hours energy consumed. If efficiency of charging system is 75% then the charger will use 10/. 75 = 13.33 watt hours.Does frequent charging damage EV battery? ›
The good news is most electric car owners don't have to worry that repeated fast charging during long-distance driving will damage the battery; unfortunately the problem with chronic range depreciation from prolonged high-speed highway cruising isn't going away.
Electric cars can handle extended periods of inactivity very well, even better than combustion-powered engines, in fact, whose 12V batteries can lose charge, and whose fluids and radiator hoses can become damaged.How long can an electric car sit without charging? ›
An electric car can sit for months without charging.
This can only be achieved if the battery is charged to an appropriate percentage which is typically around 50% for most electric cars.
For instance, KIA offers a ten-year battery pack warranty, while Hyundai provides lifetime coverage. Generally, electric vehicle batteries last 10-20 years, but some factors may reduce their lifespan. For instance, batteries may degrade faster in hotter climates as heat does not pair well with EVs.
Do electric cars recharge while driving? The short answer is no they do not charge while driving. Technology has advanced immensely over the years, but it's not yet in a place where electric vehicles can charge while driving.How often do electric cars need to be serviced? ›
EVs do require a twice-a-year service check for the vehicle system and tire rotations. These help maintain optimal battery performance and the EV's longevity. EVs in operation for longer than 8 to 10 years and after the manufacturer warranty expires will probably also need a battery replacement at some point.How do I extend the battery life on my electric car? ›
Maintain Charge Level Between 20% and 80%
Many EV experts recommend keeping the battery charged between 20% and 80% because it strains the battery when it completely discharges or fully charges. Smart EV charging stations can cease charging at the desired level, helping you achieve the desired level of charge.
To preserve the lifespan of your iPhone battery, Apple has created a battery optimization feature in iOS 13 that slows down how quickly your iPhone charges and will even hold it at 80% to avoid overstressing the battery. That's why your phone sometimes charges all the way, but other times gets stuck at 80%.Why do electric cars charge slower after 80? ›
This happens because, at a certain point of charge, your electric vehicle (EV) battery management software will usually request that the charger slow down because the battery is becoming too hot. By design, EV rapid charging slows down as the battery draws near to being completely charged to prevent overheating.How far can a Tesla go 1kwh? ›
On a daily basis, an EV will only need to replenish the energy it used during that day. On average (in the US), this is about 40 miles. Since EVs get around 3.5–4 miles/kWh, this is about 11 kWh of energy.How far can an electric car go at 70 mph? ›
The Tesla Model 3 dual motor, long-range is EPA-rated at 322 miles per charge and is one of the most efficient EVs available today. In our 70 mph highway range test, we were able to drive a total of 290 miles (467 km) with an average consumption rating of 4.25 mi/kWh (14.59 kWh/100 km).
The Model 3 is rated to travel between 3.33 and 4.17 miles per kWh. Meanwhile, the Leaf can go 2.94 to 3.45 miles.How far can a Tesla go on a kilowatt hour? ›
It has a range of between 220 miles (50 kWh) and 353 miles (82 kWh). This means that the average Tesla Model 3 uses about 0.34 kWh per mile.What can you do with 1 kWh of electricity? ›
- Running an electric shower (10,000 watts) for 6 minutes.
- Keeping an immersion heater (3,000 watts) on for 20 minutes.
- Cooking in an oven (2,000 watts) for 30 minutes.
- Using an iron (1,000 watts) for 60 minutes.
- Running a dishwasher (1,000-1,500 watts) for less than an hour.
It gives consumers a way to compare consumption figures of various electric cars. According to Natural Resources Canada, a litre of gasoline has the same energy potential as 8.9 kWh. So for an electric car using 19.6 kWh every 100 km, the equivalent in litres of fuel is 19.6 kWh/100 km x 1/8,9 kWh = 2.2 Le/100 km.How do I calculate kWh? ›
Here's the Formula for Calculating Watts Into Kilowatt-Hours: kWh = (watts × hrs) ÷ 1,000.What is the most efficient speed to drive an electric car? ›
To an extent, the faster you go, the more energy you consume - the most efficient speed for electric cars is likely <10mph for most BEVs (depending on static consumption like air conditioning, heating and electrical systems) - though clearly we wouldn't recommend driving that slow!How long can an electric car idle with heat on? ›
You should expect an electric car to be able to idle with the heat on for around 20-30 minutes. It will vary depending on the battery size, as a bigger battery will last longer than a smaller one. The outside temperature will also affect how long your car can idle with the heat on.How long can an electric car idle in traffic? ›
EV motors don't use up power while stationary so according to experts and tests, electric cars can idle for more than 24 hours. In an article by Reuters, Oxford University engineering professor David Howey, states that EV motors don't use power when the car is stationary.How much does 33.7 kWh cost? ›
Our Math. (By popular request!) Per-Gallon Equivalent costs (1 gallon of gas = 33.7 kWh per the EPA): $0.136 / kWh (national residential average electricity cost) x 33.7 kWh per gallon = $4.58 per gallon equivalent when plugging in at home.How much does a 100 kWh Tesla battery weight? ›
In August of that year, Tesla announced the P100D with a "Ludicrous" mode option, a 100 kWh battery with 315 miles (507 km) of range, weighing 625 kg in a 0.40 m3 volume, a density of 160 Wh/kg.
Just take the battery range of the car and divide by the battery size. So an EV with a 240 mile range and a battery capacity of 60 kWh would have an efficiency rating of 4 miles per kWh (240 ÷ 60).How many kWh per day is normal? ›
That means the average household electricity consumption kWh per day is 28.9 kWh (867 kWh / 30 days).How long do electric car batteries last? ›
“Today, most EV batteries have a life expectancy of 15 to 20 years within the car – and a second life beyond.” It's also worth noting that EV battery technology is still evolving, so as tech develops we expect batteries' lifespan to increase – as well as becoming cheaper, smaller and even lighter.How much does it cost to fully charge an electric car? ›
Electric Vehicle Charging Costs
While electricity costs vary greatly, the average cost of electricity in California is about 16.58¢ per kilowatt hour (kWh). At this price point, charging a 40–kWh battery with a 150–mile range would cost about 4.42¢ per mile (or about $6.63 to fully charge).