On-street charging network Char.gy is introducing an all-new pricing structure with a new “Night Saver” tariff that it claims will reduce charging costs for electric vehicle drivers.
Under its current setup, the UK company is offering a pay-per-use tariff of 42p/kWh as well as reduced personal and business subscription tariffs which are now discontinued.
The new structure, announced today and in use from December, will allow drivers to pay less for charging – and the company said it was confident the change was good news for the vast majority of his clients.
The key news is the arrival of the new “Night Saver” tariff, which aims to align on-street charging with the cost of charging at home.
Introduced as electricity prices soar, the new tariff will allow customers to charge vehicles at a lower rate of 29p/kWh from midnight to 7am the following day. This compares to home charging where the domestic price cap is currently set at around 34p/kWh on a standard variable tariff paid by direct debit.
Meanwhile, the cost of charging between 7am and midnight will drop to 65p/kWh – a figure that matches the average price of on-the-go charging on other networks according to RAC Charge Watch.
According to the company, drivers don’t just need to charge the new pricing structure overnight to save money. It estimates its customers will pay less than their previous pay-as-you-go tariff of 42p/kWh if they use its ‘Night Saver’ tariff for 65% of their load.
Drivers will also be charged only for the energy they consume, on the day of charging, and will benefit from 100% renewable energy while contributing to grid support with the Night Saver tariff.
Char.gy has also published a chart to show how drivers can use one of its standard 5.3kW streetlight chargers to keep their driving costs below 10p per mile and make a significant saving on the average price. 56.2p/kWh on all public charging networks.
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Char.gy CEO Richard Stobart said: “During this crucial time, we recognize the frustrating disparity between billing rates for motorists with lanes and those without. The introduction of our new Night Saver tariff aims to provide a solution by allowing all EV motorists to access the most competitive tariffs thanks to our charging service based on renewable energies. It also supports the UK’s drive for greater energy security and more renewables, as greater energy demand for electric vehicles will occur when national energy demand is at its lowest.