OVO Energy launches EV tariff that’s ‘63%’ cheaper

Drivers to pay 6p per kilowatt-hour no matter what time of day they charge an EV

OVO Energy has launched an electric vehicle (EV) charging smart tariff that is claimed to slash costs by 63%.

The new offering is designed to give the drivers the chance to charge their EV at any time of day with a fee of 6p per kilowatt-hour.

The company said the new tariff could save its customers £200 on fuelling their car throughout the year, compared with the average cost of electricity on a standard tariff, consumers.

The energy company’s tech arm, Kaluza, is using algorithms to shift EV charging to greener and cheaper times, away from peak times of the grid.

If you enjoyed this story you can sign up to our weekly email for Energy Live News – and if you’re interested in hearing more about the journey to net zero by 2050, you can also sign up to the future Net Zero newsletter. 

Latest Podcast