London public transport fares change on Friday 2 January. For most of us, that means paying more, but if you live in inner London and use Oyster pay as you go (PAYG) to get to and from work, you're quids in.
For zones 1-6 there's going to be just one daily cap — no more peak/off peak caps. You can see the figures in the graphic above. If you'd previously been hitting the peak cap, you'll save money whatever you do. If you travel off peak from zones 4-6, however, you'll lose out by between £1.50 and £3.20 a day. This change has been made as a workaround for the idea of a 'part time travelcard' — rather than a logistical nightmare to create a travelcard suitable for people who don't travel five days a week, Transport for London has just cut the peak fare. The London Assembly Conservatives have also worked out how much you could save using the new PAYG caps over an annual travelcard if you walk, cycle or work from home a few days a week (see below).
Other fares are going up by an average of 2.5%. Monthly travelcard prices are as follows:
- Zone 1/1-2: £123.40
- Zones 1-3: £144.80
- Zones 1-4: £177.10
- Zones 1-5: £210.10
- Zones 1-6: £225.10
PAYG bus fares (Oyster and contactless) are going up to £1.50 per journey, and the adult daily cap stays at £4.40.