UK Energy Prices Drop: Just How Cheap Can You Charge an EV at Home This Summer?

With the UK’s energy price cap dropping this July, there's a silver lining for electric vehicle owners and fleet operators—EV charging at home is about to get cheaper.

The updated cap, set by Ofgem, reflects a continued fall in wholesale energy costs. For EV drivers, that translates into lower charging costs—especially if you're using a smart tariff or charging overnight.

So, how much could you save this summer? And what steps can you take to make the most of it?

How the Energy Price Drop Affects EV Charging

Ofgem’s new price cap, effective from 1 July 2025, means the average UK household will see energy bills fall to around £1,568 per year, based on typical usage. But for EV drivers, the real advantage lies in the lower unit rate for electricity, particularly when paired with EV-friendly energy tariffs.

Let’s break it down:

• Standard tariffs offer rates around 22p–24p per kWh.

• Smart EV tariffs can offer off-peak rates as low as 7p per kWh.

That means you could fully charge a 60kWh EV for under £4.20—less than the price of a meal deal and significantly cheaper than filling up a petrol or diesel tank.

Find out more about the energy price cap here: Changes to energy price cap between 1 July and 30 September 2025.

How to Maximise Your EV Charging Savings

To take full advantage of falling energy costs, consider the following tips:

1. Switch to an EV Tariff

Many UK energy providers offer EV-specific tariffs with ultra-low off-peak rates. Charging between midnight and 5am is often the cheapest and greenest time to power up.

2. Invest in Smart Charging

Smart home chargers can schedule charging sessions during your tariff’s cheapest hours, saving you money automatically.

3. Use the Right Charging Cable

Having a reliable, high-quality Type 2 charging cable gives you more flexibility—especially if you're using untethered chargers at home, at work, or in public.

At EVwired, we offer a full range of Type 2 EV charging cables, available in various lengths from 5-15 metres, with amperage ratings to suit any setup.

Fleet Operators: Lower Charging Costs = Lower Running Costs

For electric fleet managers, these lower energy prices represent a huge opportunity. Shifting more charging to depots or workplaces—especially overnight—can reduce operational costs significantly.

Consider:

• Installing workplace EV chargers with smart scheduling.

• Equipping each EV with a spare or longer charging cable to simplify multi-vehicle charging.

• Reviewing your fleet’s charging strategy for off-peak optimisation.

With multiple vehicles, even small savings per charge can add up fast.

Find out more about our Wholesale and Fleet EV charging solutions.

What About Public Charging?

While energy prices are falling, public charger rates haven’t dropped at the same pace. Rapid and ultra-rapid chargers still average around 65p–75p per kWh, mainly due to infrastructure and operational costs.

Carrying your own Type 2 cable lets you access slower but cheaper untethered public chargers—ideal for longer stays at destinations like supermarkets, hotels, or offices.

Find out more about public charging in our blog: Home vs Public Charging for Electric Vehicles.

The summer of 2025 is shaping up to be a turning point for EV affordability. As energy prices fall, smart charging strategies can dramatically lower your costs—whether you're a solo driver or managing an electric fleet.

And with the right EV charging cable, you can charge more flexibly, more reliably, and more affordably—wherever you plug in.