British Gas launches new EV tariff

British Gas, a British Centrica utility, has announced the launch of a new smart time-of-use tariff for electric vehicle (EV) drivers offering cheaper electricity at night between 12.30 am and 7.30 am to charge their car.
British Gas launches new EV tariff

Electric vehicles are a growing market – there are currently 200,000 on the road in the UK, forecast to grow to 1.4 million by 2025. Electric vehicle drivers use up to 80 percent more electricity if they charge at home and so can benefit from tariffs which pass on cheaper overnight wholesale electricity costs. The new British Gas green tariff matches electricity with renewable energy and the gas carbon footprint offset with Certified Emissions Reduction Certificates.

“Customers who choose this tariff will have peace of mind that if they charge their electric car overnight they can take advantage of lower prices” said Peter Simon, Customer Propositions and Product Director at British Gas. “We want to offer our customers different types of tariffs that suit their individual needs and help them understand their energy usage. This is our first residential EV product. Over the coming months, we will launch further electric vehicle charging services to both residential and business customers.”

The smart tariff is dual fuel, fixed until November 2020 and has no exit fees. The average annual bill of £1547 is based on an average electric vehicle user consuming an additional 2340kWh of electricity per year by charging their car. It is available for new and existing customers paying by direct debit and more information can be found here.

Earlier this year Centrica invested in Driivz, which offers end-to-end software solutions for electric vehicle charging, demonstrating its commitment to this market.

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