TfL have today announced their new fares for 2015, and there’s something very interesting that we weren’t expecting.
The peak all-day cap for Oyster or contactless payments is actually being reduced – so much so that there’s now no ‘peak’ and ‘off peak’ cap – there is just one capped price, and it’s cheaper than it used to be – approximately one fifth of the price of the equivalent 7 Day Travel Card to Zone 1.
So if you’re someone that only travels a few days a week e.g. a flexible or a part-time worker who never buys a 7 Day Travelcard this could mean that you will be saving a fair bit of money on your journey.
New Fares for 2015
And with the new all-day caps being so much lower than the old peak caps you can travel before 9:30am without being penalised for it as you used to. e.g. travelling in zones 1 to 3 at peak now will cost you £10.60 (vs £7.70 after 9:30am). In 2015 this will reduce to £7.50 even if you travel before 9:30am. The TfL press release states that it estimates that ‘Over 600,000 passengers’ will benefit from paying lower fares.
There’ll also be a 5p increase on the single fare for buses – up from £1.45 to £1.50, with the daily bus cap however remaining at £4.40 – but a One Day Bus & Tram Pass (last available in 2009 when it was discontinued) will be re-introduced – it costs £5 a day and is for those who wish to travel but aren’t in possession of an Oyster card or contactless card. Tfl says the pass will be “a lightweight single use Oyster card that will not require a deposit” – we’re not quite sure if “single use Oyster card” means “use the card for one day and throw it away” (seems wasteful) or “will only be for a bus pass” though (would be more sensible).
There are though, some losers amongst the winners and those are people who travel into London off-peak from the zones further out. Download the full PDF from the website here to look at the new fares, which start on Monday 5th January 2015.