The TfL bike hire scheme’s pricing will now mirror that of London bus fares, with the addition of e-bike options.
The transport scheme in London allows individuals to ride buses and trams in the city for 60 minutes, at a price of £1.65. From 12 September 2022, a fleet of 500 e-bikes will also become available for hire in 30-minute increments. Additionally, seven new docking stations will be opened in the Southwark neighborhood.
Reaching more than 1.3 million bike rentals, July 2022 was the busiest month on record for the TfL Santander Cycles bike rental program. Since September 2021, each of the 11 months has surpassed the prior month’s record high, demonstrating a steady increase in usage. The extension is therefore predicted to be extremely well-received.
The new pricing scheme is as follows:
- A new flat rate of £1.65 per 30-minute ride, with the existing daily access fee to be eliminated.
- A new and flexible monthly membership option for £20 per month, which will allow customers to take unlimited 60-minute rides per month.
- An annual membership including unlimited 60-minute rides, which is double the current time limit, to be provided with an increased fee of £120, reflecting increased operating costs and inflation since the last change in 2013.
- Kick-off booking is available to registered users for £3.30 per 30-minute ride or £1 per 60-minute ride for monthly and annual members.