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Good Energy announces new electric vehicle time of use tariff

Posted on July 16, 2021October 24, 2023
electric vehicle time of use tariff
The new ‘Green Driver’ tariff will be cheaper than previous offerings and will provide customers with options of two ‘off-peak’ overnight charging windows of five or seven hours, both starting at midnight.

LONDON, UK: Good Energy Group, the 100% renewable electricity supplier and innovative energy services provider, launched an innovative new time of use energy tariff, aimed specifically for electric vehicle (EV) drivers. 

As part of an increased focus on Mobility as a Service (MaaS) and EV service products, Good Energy has launched a new time of use tariff for domestic customers that own an EV. The launch includes the installation of a free second-generation smart meter, known as a ‘SMETS-2 meter’.

The new ‘Green Driver’ tariff will be cheaper than previous offerings and will provide customers with options of two ‘off-peak’ overnight charging windows of five or seven hours, both starting at midnight.

The two tariffs are designed to give customers a choice of off-peak charging period to suit their needs and help those that have an EV to save money on their energy bills. These tariffs have been designed based on customer feedback, highlighting a requirement for a slightly longer charging period.

Offering a lower off peak unit rate after midnight will help customers optimise charging their EV overnight and will encourage customers to shift their consumption, which not only provides cost savings to the customer, but also supports a greener electricity grid.

As part of a continued focus on digitalisation and data, the SMART meter rollout is accelerating our digital offering and is a building block for energy services. This platform has provided us with the ability to design multiple new, smart enabled tariffs, which promote further innovation and improves the speed of our product launches. Customers will need to have a SMETS-2 meter installed and sign up for direct debit payments to be eligible for the new Green Driver tariff. 

Good Energy is continuing to develop a Mobility as a Service offering, to provide solutions for the electrification of transport for Business and Domestic customers.

Alongside these new tariffs and the recently announced new subscription service from Zap – Map, these solutions will become a key service for EV drivers to be included as part of a customer centric bundle alongside energy supply contracts, charging solutions and other EV related services.

As we move from this vehicle-centric to customer-centric world, energy suppliers have the unique opportunity to sit at the heart of the future mobility ecosystem and provide customers with a suite of interconnected services spanning the four main mobility value chains: Energy, EV infrastructure, asset management / services and EVs.

Nigel Pocklington, Chief Executive Officer at Good Energy said: “The continued roll out of new products and services for EV drivers will be a key focus for our business, in helping both business and domestic customers reduce carbon through the electrification of transport. We are seeing an acceleration of EV adoption, with recent stats showing battery electric vehicles now accounting for more than 10% of all new car sales. 

As this market continues to grow, we look forward to building further EV and digital products, services and partnerships for our customers to benefit from.”

Good Energy Group Plc share price

335.00 GBX

15 Jul, 3:11 pm GMT+1 ·Disclaimer

www.group.goodenergy.co.uk

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