Daily EV news · UK · 11 July 2026
Policy & Market
Ofgem price cap rise adds £22 to £52 to annual home EV charging costs from July
The UK energy regulator Ofgem raised its price cap on 1 July, lifting the maximum electricity rate from 24.67p per kWh to 26.11p per kWh through 30 September. WhatCar? estimates the increase will add £22.06 per year for smaller EVs such as the Renault 5 and up to £52.12 for larger SUVs, based on 33.3 home charges annually for Britain's two million EV drivers. The publication advises motorists to compare dedicated EV home tariffs, use workplace charging and seek off peak public network deals to offset the higher costs.
Why it matters
Higher domestic electricity costs may accelerate demand for workplace and public charging infrastructure as fleet operators and private drivers seek cheaper alternatives to home charging. CPOs offering competitive off peak or bundled tariffs could gain market share during the cap period and beyond.