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Ovo Energy and its technology arm Kaluza have launched a flat-rate electric vehicle (EV) tariff which they claim is the first of its kind.
Ovo Drive Anytime is described as a “type of use” energy tariff and offers EV drivers a fee of 6p per kWh at any time of day.
Currently most EV time of use tariffs require drivers to charge at certain times, often at night, to access off-peak rates.
Under this new offering Kaluza will use live data on energy pricing, the weather and local network constraints to shift charging away from peak times to “capture the cheapest and greenest electricity on the market”. However if the customer wants to charge their car at peak times, they have the option to override Kaluza’s optimal charging path and the 6p/kWh rate will still be offered.
Ovo says the new tariff will save customers as much as 63 per cent, or £200, throughout the year compared to the average costs.
The product, which has been launched in its initial phase, is expected to be rolled out more widely to Ovo’s customers later this year.
Marzia Zafar, head of strategy and policy at Kaluza, said: “Electric vehicles and renewable energy are the perfect companions for a zero carbon world, but we have got to demonstrate that they can be easier and cheaper, as well as greener.
“Our intelligent software is designed to give EV users the energy they need, precisely when they need it, at the lowest environmental impact, and now at a guaranteed price that saves them money. In doing so, Kaluza shields customers from the complexities of the energy transition, while at the same time driving it forward.”
Jessica Tan, managing director of Ovo Smart Home, said: “Ovo Drive Anytime enables our EV driving members to charge their EVs on the lowest prices throughout the day, hassle free.
“No more worrying about high energy peak prices or when to plug and unplug, Kaluza’s technology does all the hard work and is good for the planet. This is a pioneering proposition and we are excited for our members to be shaping the future of energy with us.”
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