InstaVolt has introduced off-peak pricing to encourage electric vehicle (EV) drivers to take advantage of cheaper electricity.
From Sunday 1 September, drivers will be able to charge for 54p per kWh, between the hours of 10pm and 6am across InstaVolt’s network of more than 1,600 rapid chargers – more than a third off the regular price of 85p per kWh, reports InstaVolt.
The lower off-peak rate is being introduced initially to InstaVolt App users and will be extended to contactless users before the end of the year as the technology is developed.
Further advances are being made to support variable pricing solutions, including additional time-of-day and regional pricing.
READ MORE: Enviromena to provide renewable energy for InstaVolt’s new EV superhub
InstaVolt also plans to install 11,000 ultra-rapid chargers in the UK and Ireland, and continue its European expansion, with 5,000 chargers across Spain and Portugal, and more than 300 in Iceland by 2030.
CEO of InstaVolt, Delvin Lane, said: “We’ve brought off-peak pricing in across our network ahead of our planned schedule as we wanted to offer this excellent price before we go into the colder months, giving InstaVolt users this saving now.
“We know the winter presents extra challenges, and we’re mindful that the cost-of-living crisis is still affecting people, the price of energy is also set to increase following the recently announced October price cap.
“Charging during our off-peak hours will create a significant reduction for customers ahead of this rise. Our new tariff will have the benefit of offering motorists who can’t charge at home, a cheaper rate of electricity.”
Achievements and innovations in EV charging infrastructure will be celebrated at the third annual CiTTi Awards, which will be held on 26 November 2024 at De Vere Grand Connaught Rooms in London. Nominations are open now! Please visit www.cittiawards.co.uk to learn more about this unmissable event for the UK’s transportation sector
