OVO ENergy EV Tariffs 2024

OVO Charge Anytime

Standing Charge

63.28p / day

Peak Rate

7p / kWh

Off-Peak Hours

Anytime

Off-Peak Rate

7p / kWh

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OVO EV Tariffs Everything You Need to Know

*As we are living in such uncertain times with energy a large amount of providers have removed specific electric car owner tariffs from the market. It also may not be the best time to switch. We try to keep the deals up to date in a rapidly changing market. But before switching, speak to the new provider for the very latest information on switching

OVO Energy offers competitive tariffs specifically for electric vehicle (EV) owners. These tariffs aim to provide cost savings while supporting the use of renewable energy. OVO EV charging solutions, such as the OVO Charge Anytime tariff, are designed to cater specifically to electric car drivers, offering significant benefits and savings. Here’s a look at key aspects that make OVO Energy a strong choice in the EV market.

OVO Energy’s Position in the EV Market

OVO Energy is an established name in the UK energy sector. It collaborates with major companies such as Volkswagen Group UK to enhance its offerings. This partnership allows customers to get up to 10,000 free miles when they add the Charge Anytime feature. By focusing on strategic alliances, OVO Energy strengthens its presence in the rapidly growing EV market.

The company offers competitive rates to EV owners, helping you reduce charging costs significantly. By analyzing EV charging usage, OVO’s EV-specific options highlight how specific plans can lower the cost of charging, enabling more cost-effective driving experiences compared to traditional petrol vehicles. Unlike other standard tariffs, OVO’s EV-specific options encourage the use of clean energy, supporting your commitment to a sustainable future. Also, the company’s tariffs cater to different consumer needs, making it easier for you to find a plan that fits.

Key Features of OVO Energy EV Tariffs

One standout feature of OVO Energy’s tariffs is the Charge Anytime add-on, which offers a smart charging rate of 7p per kWh for EV charging. This rate is much lower compared to the UK average SVT rate of 24.50p per kWh. This smart charging rate means you can significantly lower your charging expenses while using your electric vehicle and contribute to a greener energy system by promoting the use of electricity when the grid is least reliant on fossil fuels.

OVO Energy also ensures its tariffs adapt to the changing market by offering variable rates that allow you to benefit from off-peak charging hours. With OVO, you’re not just getting competitive prices but also the flexibility to charge anytime without restrictions on usage hours.

For more details, you can visit their Charge Anytime EV add-on page.

What is OVO Charge Anytime Tariff?

The OVO Charge Anytime tariff is a revolutionary electric vehicle (EV) charging solution offered by OVO Energy, a leading renewable energy supplier. This innovative tariff allows EV owners to charge their vehicles at the greenest and cheapest times, with a competitive rate of 7p per kilowatt-hour (kWh). By prioritizing charging when energy is more renewable, the OVO Charge Anytime tariff not only helps you save money but also supports a greener future. This makes it an attractive option for environmentally conscious EV drivers who want to reduce their carbon footprint while enjoying cost-effective charging.

Benefits of Smart Charging with OVO Energy

Smart charging with OVO Energy offers cost savings and efficient use of power. By utilizing smart charge technology, EV owners can optimize their charging during the grid’s greenest times, benefiting from lower energy rates and personalized insights into their charging habits. Access to off-peak rates allows electric vehicle (EV) owners to make EV ownership more affordable and convenient.

Charge Anytime and Smart Charging Advantages

OVO Energy’s Charge Anytime plan is designed to give you more control and savings. With this option, you have the ability to charge your electric vehicle at any time, tapping into cheaper, greener electricity. This works exceptionally well with smart chargers, which intelligently select the best times to charge, maximising efficiency and reducing electricity costs.

Additionally, the app allows users to save money by utilizing charge anytime credits, providing personalized insights and optimizing charging times for greener energy usage. Moreover, Charge Anytime integrates seamlessly with advanced charging units that are compatible with WiFi and solar panels. This setup ensures you can take advantage of renewable energy use, contributing to a more sustainable future while keeping your expenses down. Chargers like the Indra Smart PRO are examples of such devices, offering fast and efficient charging options.

Understanding Off-Peak Rates for EV Charging

By using off-peak rates, you can significantly lower your energy expenses. OVO Energy offers an off-peak rate of just 7p per kWh for charging your electric vehicle. Off-peak hours typically occur when demand for electricity is lower, ensuring that you’re not only saving money but also reducing strain on the grid. When charge anytime charging compared to other plans, the Charge Anytime plan stands out as it allows users to charge their electric vehicles at any time without restrictions, promoting both cost savings and sustainability by using renewable energy.

The smart charging setup allows your vehicle to automatically take advantage of these lower rates, making EV charging more cost-effective and convenient. You don’t have to worry about manually plugging in your vehicle at specific times, as smart technology ensures that charging occurs when conditions are most favourable.

OVO Beyond: Enhancing the EV Charging Experience

OVO Beyond aims to make the EV charging experience better by offering unique perks and promoting environmentally friendly choices. It focuses on renewable electricity and charging at the greenest times to benefit both the user and the environment.

Membership Perks

When you join OVO Beyond, you get some unique benefits. Members often enjoy access to discounted rates for EV charging. These reduced rates make it more affordable to charge your vehicle, saving you money over time.

The membership can also include free miles and special offers with partners like Volkswagen, giving you a significant boost whether you’re new to electric vehicles or have been driving them for years.

Greenest Charging Times

OVO Beyond encourages you to charge your car during times when renewable electricity is most available. By using the energy grid when it’s at its greenest, you’re making a choice that supports a cleaner environment.

Charging during these times can also mean lower prices. This means you can reduce your carbon footprint while saving on energy costs, making it a win-win for both you and the planet.

Costs and Savings: Analysing OVO EV Tariffs

Exploring the costs and savings of OVO EV tariffs helps you make the most of charging your electric vehicle. It covers aspects like the energy price cap and compares fees, ensuring you understand both immediate and long-term benefits, including actual savings. By highlighting actual savings, you can see how much you save in pounds compared to traditional fuel costs, appealing to both environmental and economic concerns.

Energy Price Cap and Its Effect on EV Tariffs

The energy price cap influences the rates you pay for charging your electric vehicle. This cap limits how much suppliers can charge per unit of electricity, which in turn affects all energy tariffs, including those for electric vehicles. When the cap changes, OVO Energy adjusts its prices to remain competitive, ensuring fair pricing for consumers.

This means that any increase in the energy price cap might result in higher rates, while a decrease could offer savings. The cap ensures you are protected from unexpectedly high charges, making it easier to budget for your energy usage. It’s crucial to keep an eye on changes to the energy price cap, as it can significantly impact your monthly bills.

Comparing Standing Charges and Off-Peak Rates

When you select an energy tariff, consider both the standing charge and off-peak rate. The standing charge is a fixed daily fee you pay, regardless of how much energy you use. OVO’s EV tariffs usually have competitive standing charges, which you need to weigh against the benefits they offer.

OVO provides cost-effective off-peak rates for charging during less busy hours. Charging your vehicle during these times, often late at night or early morning, can significantly reduce costs. For instance, some OVO tariffs allow you to charge your EV for just 7p per kilowatt-hour, which can lower your overall expenses. These rates can make a huge difference in your monthly energy bill, especially if you typically drive long distances.

Long-Term Savings with EV Tariffs

Opting for OVO’s EV tariffs can lead to substantial long-term savings. By selecting a tariff with favourable conditions, you can reduce your cost per mile to under 2p a mile. This is particularly beneficial if you drive regularly or cover significant distances.

In addition, some OVO EV tariffs offer significant perks, such as the potential for 10,000 free miles when you join. These benefits, combined with lower charging costs, result in ongoing savings. Understanding the long-term financial impact of your chosen tariff helps you manage your budget effectively and make informed decisions about your energy consumption.

Eligibility and Requirements for OVO EV Tariffs

Understanding the eligibility and requirements for OVO EV tariffs is essential for potential customers interested in these energy solutions. The key areas of focus include criteria for becoming an OVO customer and the importance of smart meter installations.

Criteria for Becoming an OVO Customer

To access the OVO EV tariffs, you need to meet specific criteria. First, you must be a current or new customer of OVO Energy. This typically involves having your household energy with them. Additionally, you should own a compatible electric vehicle (EV). The list of compatible EVs is available on OVO’s website, ensuring your vehicle qualifies for the tariff benefits.

Moreover, the tariff requires you to have a compatible home EV charger. OVO Energy has partnered with brands to ensure that numerous charging devices, like the Ohme Home Pro and Indra Smart Pro, are supported. Finally, availability can vary by region, so checking local coverage is important.

Smart Meter Installation for Optimal Tariff Use

For optimal use of OVO EV tariffs, a smart meter installation is crucial. Smart meters allow real-time tracking of your energy usage, providing detailed insights into consumption. This technology is particularly valuable for scheduling your EV charging during the cheapest, greenest times.

Installation of a smart meter is often done by OVO, either free or for a small fee. When installed, it supports data-driven decisions about when to charge your EV, ensuring cost-efficiency and maximizing savings. Without a smart meter, you cannot fully benefit from the Charge Anytime add-on, which offers competitive rates for EV charging.

Having a smart meter also automatically ensures that your monthly electricity credit is refunded the month following your EV charging, at 7p per kWh, making it more economical to maintain your electric vehicle.

Environmental Benefits of Switching to EV Tariffs

Switching to EV tariffs offers significant environmental benefits. By focusing on low-carbon technology and renewable electricity, these tariffs help reduce dependence on fossil fuels and minimise environmental impact.

Reducing Carbon Footprint with Low-Carbon Tech

Electric vehicle tariffs often utilise low-carbon technology, significantly cutting down on your carbon footprint. With energy sourced from clean technologies, the amount of carbon dioxide emitted is much lower compared to traditional energy sources. This helps in the fight against climate change by reducing greenhouse gas emissions.

Choosing an EV tariff means you’re opting for electricity that’s often aligned with green initiatives, ensuring that your energy consumption contributes less to pollution. This not only benefits the planet but also promotes a more sustainable lifestyle.

Supporting Renewable Electricity Supply

EV tariffs often support a move towards renewable electricity, which is generated from never-ending sources like wind, solar, and hydroelectric power. When you choose such tariffs, you’re encouraging the supply and development of these renewable resources.

Renewable electricity is crucial in decreasing reliance on fossil fuels, thus lowering carbon emissions. By supporting these tariffs, you’re playing a part in enhancing the energy grid’s sustainability and boosting the usage of clean energy.

Switching to EV tariffs is more than just a financial decision. It’s a step towards reducing your environmental impact and supporting a cleaner planet.

Exploring Additional EV Tariff Options

EV tariffs are competitive, with many energy suppliers offering different plans. It is essential to compare these options to find what works best for your charging needs.

Comparison with Other Energy Suppliers

When comparing EV tariffs, you’ll notice that each energy supplier offers unique benefits. For instance, British Gas provides an EV tariff with cheaper rates during off-peak hours. This could be appealing if you charge your vehicle overnight.

Similarly, E.ON has a plan focusing on sustainability, aiming to match your electricity use with renewable energy. Ecotricity and Good Energy also make renewable energy a priority, which is great if you value eco-friendliness.

Each option has its advantages, so it is crucial to examine them in detail.

EV Tariffs from Competitors like EDF and Octopus Energy

EDF Energy offers a competitive tariff, often with low unit rates for off-peak EV charging. Their plans typically consider both affordability and green energy. They focus on lowering costs for overnight charging.

Octopus Energy’s Go tariff is another popular choice, providing cheap rates during specific night hours. This works well if you have the flexibility to charge your EV during these times.

Scottish Power also presents EV tariffs concentrating on cost-effectiveness with some plans linked to green energy incentives. It is worth investigating these options to find the best match for your lifestyle and preferences.

Practical Insights for EV Users

Electric vehicle owners have an opportunity to save money by understanding how to efficiently use EV charging at home. Choosing the right tariff and making the most of features like smart meters can greatly impact your energy costs and consumption.

Understanding Home EV Charging and Tariffs

When it comes to home EV charging, it’s important to know the details of your existing tariff. OVO Energy offers an option like the Charge Anytime add-on, where you can charge your electric vehicle at just 7p per kilowatt-hour. This low rate is ideal if you can schedule charging during off-peak times.

To benefit from such tariffs, you will need compatible equipment like a smart meter and home chargers. The smart meter helps track energy usage accurately and activates the tariff benefits. By using Kaluza’s technology, you could automate charging for the greenest and cheapest times. Make sure that your vehicle or charger is compatible to access the full benefits of these tariffs.

How to Maximise EV Tariff Benefits

Taking full advantage of EV charging tariffs requires strategic planning. Set up your charging sessions during low-cost, off-peak hours. With the right plan, you can bring down your cost per mile significantly. Consider partnering with automakers, as these deals can offer additional perks.

For example, some collaborations provide thousands of free miles when you opt for certain tariffs, making your EV experience even more economical. Always keep an eye on different tariff offerings to find the best fit for your specific needs.

To ensure that you maximise benefits and save money, explore the available OVO Energy Charge Anytime tariff options, which can make EV ownership more budget-friendly.

 

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