EDF Energy Ltd.

11/01/2024 | Press release | Distributed by Public on 11/01/2024 03:25

£50 cashback to customers signing up to electric vehicle tariffs in November

EDF is offering £50 cashback to anyone who signs up for any of its electric vehicle (EV) tariffs during November, in a move to help drivers charge their EV for less.

The limited time offer of £50 will mean that two of EDF's EV tariffs, GoElectric Overnight and Pod Point EV Exclusive, will become the cheapest options on the market[1].

The full range of EV tariffs (GoElectric Overnight, Pod Point EV Exclusive, EVolve and Pod Point Plug & Power) all come with five hours of cheaper electricity every night between 12am - 5am for both customers' homes and cars, and are backed by 100% zero carbon electricity[2]. Unlike some other EV tariffs on the market, all of EDF's EV tariffs are compatible with all vehicles, regardless of the make or model.

For an average motorist, charging with GoElectric Overnight will save drivers £828 a year compared to petrol. And compared with using the public charging network, EV drivers charging with the tariff would save £752[3].

"We are dedicated to helping customers reduce their energy costs while supporting the transition to electric vehicles and greener energy,"said Rich Hughes, Director of Retail at EDF.

"This deal means we're offering two of the most affordable EV tariffs in the market by giving customers £50 back in their pocket. Plus, with all our tariffs offering competitive off-peak rates, we hope it will encourage more drivers to drive electric and save cash and carbon in the process."

EDF, Britain's biggest generator of zero carbon electricity, has everything a driver will need to switch to electric motoring, through its partnerships with Drive Electricfor electric vehicle leasing, and Pod Point, a leading provider of electric vehicle (EV) charging solutions.

EDF's EV tariffs are designed to suit different charging and home energy needs:

  • GoElectric Overnight
    One of the lowest priced EV tariffs with 5 hours of off-peak electricity at just 8.99p per kWh. Compatible with any make of charger.
  • Pod Point EV Exclusive
    Off-peak rates of just 8.49p per kWh, available for new Pod Point customers.
  • EVolve
    Motorists can save £200 a year, and never pay more than the Ofgem price cap[4]. Variable tariff offering the same electricity day rate as standard variable and an off-peak rate priced 10p lower than the Standard Variable Direct Debit price cap rate[5]. Compatible with any make of charger.
  • Pod Point Plug & Power
    Offers drivers the ability to purchase a Pod Point Solo 3S charger for an initial payment of £499[6](compared to £1,099) and the remaining cost for the charger is spread over two years and integrated into the tariff, giving drivers a more cost-effective way to get a convenient and reliable home charger and run their EV.

To be eligible for the £50 credit, new or existing customers will need to sign up for any EV tariff throughout November, and the credit will be applied to their account within 30 days of signing up[7].

Customers are required to have a smart meter and be opted into half-hourly meter readings to sign up for any of EDF's EV tariffs.

To find out more and to compare EV tariffs, visit: https://www.edfenergy.com/electric-cars/ev-tariffs

[1]Based on the consumption of an average EV dual fuel driver (2,700kWh at peak rates, 1,976 kWh at off-peak rates and typical gas consumption). Prices in table correct as of 25 October 2024.

Supplier Tariff

Fixed/

Variable

Off Peak Hours SC R1 R2 Elec Bill price Gas Bill Price DF Bill Price ETF
E.on Next Drive Fixed 12am-7am 60.99 24.66 6.70 £1,021 £818 £1,839 £0
British Gas Electric Driver Fixed 12am-5am 58.83 25.25 7.90 £1,053 £795 £1,848 £50
EDF Pod Point EV Exclusive Dec25 Fixed 12am-5am 61.12 24.58 8.49 £1,055 £797 £1,851 £75
Ovo Charge Anytime Variable Anytime 60.99 24.50 7.00 £1,022 £834 £1,856 £0
EDF GoElectric Dec25 Fixed 12am-5am 61.12 24.58 8.99 £1,064 £797 £1,861 £75
Octopus Intelligent Go Variable 11:30pm to 5am 58.93 25.90 7.00 £1,053 £825 £1,878 £0
Octopus Go Variable 12:30am-4:30am 58.93 25.90 8.50 £1,082 £826 £1,908 £0
Scottish Power EV Optimise All Anytime 60.99 24.50 10.00 £1,082 £833 £1,915 £0
Scottish Power EV Saver Variable 12am-5am 60.98 28.91 7.20 £1,145 £846 £1,991 £100
EDF EVolve Sep25 Variable 12am-5am 60.99 24.50 14.50 £1,171 £833 £2,004 £25
Ecotricity One Year Fixed EV tariff Fixed 12am-5am 53.34 30.78 8.00 £1,184 £889 £2,072 £100
Good Energy EV Charge Fixed 12am-5am 60.02 29.41 6.75 £1,147 £969 £2,116 £75
EDF Pod Point Plug & Power Nov26 Fixed 12am-5am 140.05 24.58 8.49 £1,343 £797 £2,139 £125

[2]More details about how EDF are Britain's biggest generator of zero carbon electricity can be found here.

[3]Based on 7000 miles driven. Charging with GoElectric Overnight would cost £368, £1,196 for petrol and £1,120 to charge on the public charging network. Assumed EV efficiency of 3.5miles per kWh and assumes 80% charge at home at 8.99p/kWh (the national average overnight rate for GoElectric Overnight), remainder at public station costing 56p/kWh. Average petrol car efficiency of 36 mpg from https://www.cinch.co.uk/guides/ask-the-experts/what-is-a-good-mpgand petrol price of 135.26p/litre taken from https://www.rac.co.uk/drive/advice/fuel-watch/on 25 October 2024.

[4]Save £200 a year based on an EV customer with an annual charging consumption of 2,000 kWh, charging in the Off peak hours, paying by Direct Debit on Evolve compared to a customer on Standard Variable with a Standard Electricity meter.

[5]For day time usage - this tariff is variable price and will be the same as the Standard Variable Direct Debit price cap level for the duration of the term. For off peak usage - this tariff is variable price and will be 10p (inc VAT) lower than Standard Variable Direct Debit price cap rate for the duration of the term.

[6]Exit fees apply if you cancel the tariff within two years. See Pod Point's terms and conditionsand our tariff terms and conditionsfor more details.