OVO Energy launches 10p/kWh EV charging tariff

OVO Energy has launched Charge Anytime, a smart charging electric vehicle (EV) tariff that offers a rate of 10p per kWh.

Using an energy software platform from Kaluza, Charge Anytime uses advanced algorithms that optimise EV charging in response to market dynamics when emissions and costs are low.

EV charging costs are split from home electricity charges and OVO credits customers for the amount of electricity saved via EV smart charging every month.

Scott Neuman, CEO at Kaluza, said: “As people struggle to navigate this volatile energy market, tariffs like Charge Anytime will play a vital role in increasing EV adoption and strengthening the grid.

“Building on time-of-use rates employed by many utilities globally, Kaluza is now developing novel propositions like type-of-use focused on giving millions of EV users a simple charging experience so that they have the energy they need, precisely when they need it, at the lowest environmental impact and cost possible. We can’t wait to start rewarding OVO’s customers for their part in the energy transition with Charge Anytime launching today.”

Users input when they need their car charged by using a Kaluza-powered mobile app, the platform then automatically charges the EV at the cheapest and greenest times of the day.

Unlike other EV charging tariffs on the market, the new plan allows customers to enjoy a low, flat rate for their EV charging that is separate from their household energy use. This means customers are protected from energy price spikes and have greater control over their bills, all while becoming active participants in decarbonisation.

Mat Moakes, chief commercial officer at OVO Energy, added: “With the 2030 ban on petrol and diesel cars swiftly approaching, it’s critical we incentivise our customers to make the transition to EVs. We are offering the most competitive charging plan on the market with Charge Anytime, rewarding our customers with the most innovative and best value package available. At OVO, we are committed to providing our customers with access to clean and affordable energy where possible, if we’re to reach our net zero by 2035 goal.”