InstaVolt is one of several to advocate for a reduction in VAT to help lower costs. Image: InstaVolt

InstaVolt is one of several to advocate for a reduction in VAT to help lower costs. Image: InstaVolt

Chargepoint operators (CPOs) across UK and Ireland’s electric vehicle (EV) charging sectors have raised their prices as a result of the “soaring” energy prices seen since last year.

Following on from GRIDSERVE announcing a price hike to 48p/kWh for medium power chargers and 50p/kWh for high power chargers earlier this month, Current± reached out to other CPOs to see if they’re following suit.

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Comment by Agile Energy Admin: But what does this mean? 50p/KWh is £500/MWh. The half hour ahead market for electricity average price over the last three months has been £158/MWh (15.8p/KWh) so at 50p/KWh there is a gross margin of 316%. The market price for electricity as we write at 09:30 a.m. is 1.2p/KWh and over the last month 11p/KWh. So where is this heading for EV drivers do we think? It was range anxiety, then charging anxiety – is charging price anxiety next?

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