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?
I suppose it’s more like charging price excitement, not anxiety 🙂
Excitement for the supply company with a gross margin over 300% but anxiety for the EV car owners (suckers) who thought that it was worth buying an expensive car because the cost of fuel would be cheap when the price of electricity was 15p/KWh not so long ago.