Analysis: EVs are now nine times cheaper than petrol or diesel to drive in UK

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• HexesofVexes@lemmy.world ⁨5⁩ ⁨minutes⁩ ago

  All that’s needed is government support to buy one - a “trade your petrol/diesel in” scheme would go a long way.

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• Tamps@feddit.uk ⁨16⁩ ⁨hours⁩ ago

  This is great news. The main thing stopping us from considering an electric car is that we can’t reliably park outside our house to charge it. (eg. terraced street, no driveway).

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• Multiplexer@discuss.tchncs.de ⁨19⁩ ⁨hours⁩ ago

  What’s the “domestic price cap” mentioned in the article?

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  • Zombie@feddit.uk ⁨19⁩ ⁨hours⁩ ago

    the maximum amount a supplier can charge for a unit of energy and standing charge, set by the regulator Ofgem every three months

    Electricity is sold at a price per day (the standing charge), even if you use no electricity you pay this, plus whatever you use in kWh. For example: £0.55 per day standing charge, plus whatever you use at £0.25 per kWh.

    You can get a fixed contract, meaning you know exactly what you’re paying for the next 6-12 months. The standing charge and unit rate are agreed and don’t change. However, suppliers forecast what the prices will be in that time and set their prices accordingly so they still make a profit.

    Or, you can be on the variable rate. This price fluctuates based upon the cost of energy at the time, and can be very volatile depending upon world events at the time.

    The domestic cap is a limit that the state imposes upon the variable rate, supposedly to dampen volatility, prevent price gouging, and ensure energy remains affordable to consumers.

    The cap is reviewed every 3 months and is almost guaranteed to go up every 3 months.

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    • Multiplexer@discuss.tchncs.de ⁨19⁩ ⁨hours⁩ ago

      Thanks for the detailed explanation!

      I guess the caps are only relevant for the normal household-electricity, not for public charging stations?

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• isekaihero@ani.social ⁨17⁩ ⁨hours⁩ ago

  but they sure as hell aren’t 9 times cheaper than petrol cars

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  • thomas@feddit.uk ⁨16⁩ ⁨hours⁩ ago

    The cheapest new car you can buy in the UK is a Dacia Spring. £135 a month or £12k. 150miles range.

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    • rants_unnecessarily@piefed.social ⁨4⁩ ⁨hours⁩ ago

      And used?

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• SubArcticTundra@lemmy.ml ⁨17⁩ ⁨hours⁩ ago

  I love how electromobility is taking off in the UK 🤘🇬🇧

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