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Dynamic charging.....I think that means only charging when there is spare 'leccy available'. If you could charge for 7.5p at any time it would be better. But just being able to charge for a couple of hours here and there in the dead of night doesn't really make much of a dent.
Then there is the higher than usual charge for all other electricity.
Sort of, octopus guarantee you at least 6hrs.of 7.5p every night between 9pm and 6am, but you don't get to choose exactly when. I always set it so that it takes the max it can every night and never seen less than about 7.5hrs available. Our charger kicked in and out through the night and it's always given us at least what's contractually promised.
It's quite telling that in 25,000 miles I've rapid charged the car twice (and the first time was only to check that it could). And swmbo has only charged a hand full of times at work - a 185mile round trip.
The technology works well, if you can trust it

That said, if your mileage is less, then the. 7.5p does less to offset the extra 5p/kWh the rest of the time.