Ofgem moves the price cap — what it means for EV drivers
Standard-rate home charging shifts slightly. Dedicated off-peak EV tariffs sit outside the cap and are unaffected.
Ofgem's latest price cap adjustment changes the standard variable unit rate, which is the rate most households pay if they have not moved onto a fixed or specialist tariff.
What changes
If you charge on a standard variable tariff, your per-mile charging cost moves with the cap. At typical EV efficiency, a small change in the unit rate translates to a fraction of a penny per mile — real over a year, not dramatic.
What does not change
Dedicated EV tariffs with an off-peak window are not capped. They are separate products, priced by suppliers independently, and this announcement does not touch them.
That distinction is the important one. The gap between a standard rate and an off-peak EV rate is far larger than any cap movement — often three or four times the unit price. A cap change of a few percent is noise next to that difference.
What to do
If you charge at home on a standard rate and have not looked at an EV tariff, that remains the single biggest saving available to you — considerably bigger than anything the cap does. See the £7 fill-up for the arithmetic.
If you are already on an off-peak EV tariff, this announcement does not affect your charging costs.
Updates: EV running costs · home vs public charging
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The ElectraMile editorial team covers charging, running costs and EV ownership for readers in the UK and US.
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