Octopus Energy has confirmed that it will almost double the export rate of its electric vehicle (EV) tariff ‘Octopus Go’ to 8p/kWh.
The export rate for Octopus Go, which provides cost-effective overnight charging for EVs, was previously priced at 4.1p/kWh for exported electricity via the company’s Smart Export Guarantee (SEG) tariff.
But through the introduction of the new export tariff ‘Outgoing Fixed Lite’, those customers with solar panels and an EV will now receive 8p for each kWh exported back to the grid via vehicle-to-grid (V2G) technology. Octopus stated that the use of this tariff could see an average household make an additional £66 a year.
“Octopus Energy is the number one EV tariff provider for a reason. Thanks to our customers and their EVs helping balance the grid at night, we’ve continued to unlock savings to pass on to our greenest customers. Octopus Go customers with solar panels will now earn twice as much money for the energy they export back to the grid – it certainly pays to be green,” said Rebecca Dibb-Simkin, chief product officer at Octopus Energy.
Last week, Octopus Energy announced a number of initiatives to support EV drivers, including a new 15p per kWh export tariff, and a community energy EV charging partnership with Co Charger.
The firm stated that it aims to enable households with an EV and solar panels to earn an additional £150 by combining the ‘Intelligent Octopus’ and ‘Outgoing Octopus’ tariffs.
The new tariff is the “highest paying fixed export tariff on the market that is open to all exporting households”, according to Octopus. Standard export tariffs are 5p/kWh.
Current± publisher Solar Media is hosting its EV World Congress event in London this 10-11 October. The conference will focus on some of the key discussion points from across the EV sector including delivering coherent EV charging strategies, whether the UK is on course for its 2030 charging target, vehicle-to-grid (V2G) technology and more. More information, including how to attend, can be read here.