New electric vehicle time of use tariff launched

RNS Number : 4210F

Good Energy Group PLC

16 July 2021

 

Good Energy Group PLC

("Good Energy" or "the Company")

New electric vehicle time of use tariff launched

Good Energy Group PLC (AIM: GOOD), the 100% renewable electricity supplier and innovative energy services provider, is pleased to announce the launch of an innovative new time of use energy tariff, aimed specifically for electric vehicle ("EV") drivers.  

Delivering EV services for drivers

As part of an increased focus on Mobility as a Service ("MaaS") and EV service products, Good Energy has launched a new time of use tariff for domestic customers that own an EV. The launch includes the installation of a free second-generation smart meter, known as a 'SMETS-2 meter'.

The new 'Green Driver' tariff will be cheaper than previous offerings and will provide customers with options of two 'off-peak' overnight charging windows of five or seven hours, both starting at midnight. The two tariffs are designed to give customers a choice of off-peak charging period to suit their needs and help those that have an EV to save money on their energy bills. These tariffs have been designed based on customer feedback, highlighting a requirement for a slightly longer charging period.

Offering a lower off peak unit rate after midnight will help customers optimise charging their EV overnight and will encourage customers to shift their consumption, which not only provides cost savings to the customer, but also supports a greener electricity grid.

As part of a continued focus on digitalisation and data, the SMART meter rollout is accelerating our digital offering and is a building block for energy services. This platform has provided us with the ability to design multiple new, smart enabled tariffs, which promote further innovation and improves the speed of our product launches. Customers will need to have a SMETS-2 meter installed and sign up for direct debit payments to be eligible for the new Green Driver tariff.  

Mobility as a Service

Good Energy is continuing to develop a Mobility as a Service offering, to provide solutions for the electrification of transport for Business and Domestic customers.

Alongside these new tariffs and the recently announced new subscription service from Zap - Map, these solutions will become a key service for EV drivers to be included as part of a customer centric bundle alongside energy supply contracts, charging solutions and other EV related services.

As we move from this vehicle-centric to customer-centric world, energy suppliers have the unique opportunity to sit at the heart of the future mobility ecosystem and provide customers with a suite of interconnected services spanning the four main mobility value chains: Energy, EV infrastructure, asset management / services and EVs.

Nigel Pocklington, Chief Executive Officer at Good Energy said:

"The continued roll out of new products and services for EV drivers will be a key focus for our business, in helping both business and domestic customers reduce carbon through the electrification of transport. We are seeing an acceleration of EV adoption, with recent stats showing battery electric vehicles now accounting for more than 10% of all new car sales.  

As this market continues to grow, we look forward to building further EV and digital products, services and partnerships for our customers to benefit from."

Enquiries:

Good Energy Group PLC Nigel Pocklington, Chief Executive Charles Parry, Investor Relations Luke Bigwood, Communications	Email: [e-mail] Email: [e-mail] Phone: [phone]
Investec Bank plc (Nominated Adviser and Joint Broker) Jeremy Ellis Sara Hale	Tel: [phone]
Canaccord Genuity Limited (Joint Broker) Henry Fitzgerald - O'Connor Georgina McCooke	Tel: [phone]

Notes to editors:

About Good Energy www.goodenergy.co.uk

Good Energy is a generator and supplier of 100% renewable power and an innovator in energy services. It currently owns two wind farms, six solar farms and sources electricity from a community of 1,600 independent UK generators.

Since it was founded 20 years ago, the company has been at the forefront of the charge towards a cleaner, distributed energy system. Its mission is to support UK households and businesses generate, store and share clean power.

Good Energy is recognised as a leader in this market, through our green kite accreditation with the London Stock Exchange and as a top rated Green energy supplier by Which?.

About Zap-Map  www.zap-map.com/live/

Launched in June 2014, with a mission to accelerate the shift to electric vehicles (EV) and help the drive towards zero carbon mobility, Zap-Map is the UK's leading EV mapping service. The charging point map, available on desktop and iOS/Android apps, helps EV drivers to search for available charge points, plan longer journeys, share updates and pay for charging on participating networks.

In the UK, Zap-Map attracts more than 120,000 cross-platform users per month from a rapidly growing fleet of around 200,000 pure-EVs (Zap-Map's core user group) and 230,000 plug-in hybrids (SMMT: December 2020).

 

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