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Costs//7 min read/By Joe McGrath

Updated

Should You Switch Energy Tariff When You Get an EV?

The Short Answer: Yes, Almost Certainly

Switching to an EV tariff is the biggest saving available to a new EV owner. It costs nothing, takes ten minutes, and typically saves £400-600 a year.

A standard tariff at ~24.5p/kWh is roughly 3.5 times the off-peak rate on a modern EV tariff.

The Numbers (10,000 miles/year)

TariffOff-Peak RateAnnual CostSaving vs Standard
Octopus Intelligent Go7p/kWh£200£501
Octopus Go8.5p/kWh£243£458
British Gas Electric Drivers8p/kWh£229£472
Economy 7 (typical)~12p/kWh£343£358
Standard variable24.5p/kWh£701

Full comparison at our tariff comparison page.

Which Tariff?

Octopus Intelligent Go — Best Overall

7p/kWh, 6-hour off-peak window, smart scheduling with bonus cheap slots. Best for most EV owners.

Octopus Go — Best for Simplicity

8.5p/kWh, 5-hour window, works with any charger. Set a timer and that's it.

British Gas Electric Drivers — Best Non-Octopus

8p/kWh, 5-hour window. Good if Octopus is not available in your area.

Economy 7 — Outdated

FactorEconomy 7Modern EV Tariff
Off-peak rate10-15p/kWh7-8.5p/kWh
Peak rate28-35p/kWh28-32p/kWh
Smart featuresNoneTariff integration

Switching from Economy 7 to Intelligent Go saves roughly £100-200/year on EV charging alone.

When NOT to Switch

  • Very cheap fixed deal (under 15p/kWh flat) — ride it out
  • Very high daytime usage — model total costs first, though for most households EV savings still dominate
  • Cannot get a smart meter — most EV tariffs require one

Impact on Your Overall Bill

TariffHousehold CostEV ChargingCombined
Standard (24.5p flat)£661£701£1,362
Octopus Go£666£243£909
Octopus Intelligent Go£654£200£854

Even accounting for slightly higher peak rates, Intelligent Go saves over £500 a year on combined costs.

Charger Pairing

  • Ohme Home Pro — integrates with Octopus Intelligent Go and Agile
  • Tesla Wall Connector — Tesla vehicles schedule charging natively
  • Any charger with a timer — works with Octopus Go or British Gas

See our best EV tariff guide for detailed pairing advice, and the UK EV Charging Cost Index for per-mile costs.

How to Switch

  1. Check your current tariff and any exit fees
  2. Compare options on our tariff comparison
  3. Apply online (10-15 minutes)
  4. Book smart meter installation if needed (free)
  5. Set your charging schedule for the off-peak window

The whole process takes 2-4 weeks.

The Bottom Line

Switching saves £400-600 a year with zero upfront cost. Every month of delay is roughly £40-50 in unnecessary charging expense.

See our EV tariff comparison or the charging cost breakdown for the numbers behind those figures.

FAQ

Frequently asked questions.

Switching from standard (24.5p/kWh) to Octopus Intelligent Go (7p/kWh off-peak) saves approximately £500 per year at 10,000 miles.
Not always. Octopus Go and British Gas Electric Drivers work with any charger. Octopus Intelligent Go works best with a compatible charger or Tesla. Octopus Agile practically requires a smart charger.
It is better than a flat rate, but modern EV tariffs offer cheaper off-peak rates (7-8.5p vs 10-15p) and lower peak rates. Switching saves an extra £100-200/year.
Slightly — peak rates are ~31p vs the 24.5p cap. But off-peak EV savings vastly outweigh any daytime increase for most households.

When you're ready, compare the chargers we've tested, or — no obligation, no sign-up.

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