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A controversial shock awaits electric vehicle owners and smart tariff users across the UK this May. Following significant rate cuts on April 1, 2026, the Octopus Go price increase 2026 has now been confirmed to roll out just a month later. Find out exactly how much your Octopus Energy bills are climbing and how the Intelligent Octopus Go tariff changes will impact your wallet.
Customers originally rejoiced on April 1 when Octopus reduced off-peak EV charging rates by up to 39%. This reduction happened because the government decided to pull roughly £150 in 'green policy levies' out of typical household energy bills. However, global markets wait for no one. Citing intense wholesale energy volatility and conflicts across the Middle East, Octopus gave notice on April 20 that the Octopus Go off-peak rate rise will hit from May 1, 2026.
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Intelligent Octopus Go Tariff Changes & Standing Charges
The adjustments touch both the unit rates and the standing charges. For the popular Intelligent Octopus Go, the off-peak rate (which famously provides cheap energy between 00:30 and 05:30) is moving to 6.9p/kWh. Despite the EV home charging cost increase UK, Octopus Energy representatives and money-saving expert Martin Lewis have noted that Intelligent Octopus Go remains one of the most competitive smart-charging rates available on the current grid.
In response to customer confusion regarding the Ofgem price cap, Martin Lewis clarified: “Octopus Go is not a price capped tariff so it didn't move due to a drop in the Price Cap.” Because the tariff is variable, providers like Octopus can adjust prices directly in response to wholesale UK energy trends, provided they give the legally required 30 days of notice.
Should You Switch Your EV Tariff?
The UK electricity price trends 2026 suggest a volatile landscape. For most drivers, even with the Octopus standing charge increase and the bump to 6.9p/kWh, using a dedicated EV smart tariff is still vastly cheaper than standard variable tariffs (which offer zero off-peak discount) or relying solely on public fast-charging networks, which can be up to 87% more expensive.
While the UK energy bills forecast 2026 points to stabilization later in the year, those hit by the Octopus Energy customer rates update should actively check their online portal. Each region’s rates vary slightly, meaning your exact EV charging cost UK Octopus Go could look different from your neighbour's.
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