Climate Changed
Cheaper EV Charging Seen Under U.K.'s First Half-Hourly Tariff
- Octopus Energy’s time-of-use plan benefits from off-peak rates
- EV drivers reduced peak consumption by 47%, report says
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Charging your electric vehicle may be about to get a whole lot cheaper.
Renewable power supplier Octopus Energy Ltd. is introducing the U.K.’s first time-of-use tariff, allowing consumers to choose the cheapest time to charge their cars, do the laundry or top-up storage heaters. The energy supplier’s flexible rate will save users money and reduce demand on the grid at the busiest times of the day.