‘Plunge Pricing’: Octopus Energy launches cheaper EV charging on the public network

Electric car drivers in Britain can benefit from cheaper public charging when green energy is abundant via a new pricing approach from Octopus Electroverse.

‘Plunge Pricing’ events happen when cheap renewable generation is high and demand is low, so wholesale electricity prices fall. Drivers using Octopus’ Electroverse get discounts for taking excess energy off the grid at these sunny and windy times.

Electroverse has so far trialled five of these events at over...