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Electric vehicle drivers can charge for up to 10 times less than the cost of petrol

30/01/2019

  • Exclusive EV tariff from ScottishPower – the first integrated energy company to produce 100% green electricity
  • EV tariff provides discounted charging prices at home – at a 10th of the cost of petrol
  • 100% renewable electricity tariff – electric vehicles reduce carbon and improve air quality

ScottishPower is launching an exclusive new tariff aimed at electric vehicle owners that allows users to access discounted charging during off peak hours, taking advantage of cheaper electricity rates through their smart meter for the first time.

The cost of charging an EV via this new tariff will be a tenth of the cost per mile of running a standard petrol car when comparing electricity costs with the cost of fuel.

The SmartPower Green EV January 2021 tariff allows customers to take advantage of discounted charging times between the hours of midnight and 5am, with ScottishPower’s innovative smart EV charger also allowing charging to be scheduled in advance and set by a smartphone app.

1. Charge your electric vehicle for up to 10 times less than the cost of petrol 2. Introducing discounted charging for EV drivers with our new SmartPower Green EV tariff 3. When you use the smart EV charger & ScottishPower app to charge between midnight and 5am 4. Helping to deliver a chaeaper, cleaner and greener electric future for all. ScottishPower - Better future quicker."

The ScottishPower Smart EV Charger, powered by Wallbox, was unveiled by the company late last year and is the UK’s smallest fast charging point with charging taking 50% less time than some others currently available*.

ScottishPower also recently announced it would become the first integrated energy company in the UK to produce 100% green electricity and is already supporting the UK’s switch to cleaner greener transport by unveiling an unique link-up with the major car retailer Arnold Clark allowing buyers to purchase or lease an EV of their choice, book a home charging point installation and sign up to the exclusive ScottishPower tariff all at the same time.

A recent YouGov poll found that the number of adults thinking about buying an electric vehicle will shoot up dramatically in the next three years.

It predicted that 1 in 5 adults who don’t currently own an electric vehicle, or aren’t currently in the process of buying one, would be considering either the purchase or lease of an electric vehicle by October 2021.

Keith Anderson, ScottishPower CEO, described the new tariff as a further example of the company enabling a smooth and accelerated transition to electric vehicle ownership.

 “A tariff that enables drivers to charge their vehicle for up to ten times less than the cost of petrol is a game changer. ScottishPower wants to help customers benefit from electric vehicles as quickly as possible as that will help improve air quality and cut carbon quicker.  Helping cutting the cost of motoring will help people switch to electric vehicles faster.”


Notes to Editors

  1. Consumers can elect to receive both their gas and electricity supply from ScottishPower under the tariff component of the Electric Vehicle package. The electricity supplied under this tariff is backed off by Renewable Energy Guarantee of Origin (REGO) certificates. Ofgem issue REGO certificates for every MWh of eligible renewable output to generators of renewable electricity in the UK. REGOs demonstrate that a given share of energy was produced from renewable sources. ScottishPower provides Ofgem with output submissions on a monthly basis based on production from our own renewable generation portfolio. For every MWh of electricity purchased on this tariff, ScottishPower will allocate a REGO certificate.
  2. 1/10th cost saving is based on a comparison between electricity unit rate per mile (1.06p) and petrol cost per mile (11p) between a Hyndai Kona EV and Hyundai Kona petrol engine utilising off-peak charging between midnight and 5am at 4.736p/kWh. Advertised tariff includes daily standing charge for domestic consumption.
  3. To qualify for the time of use tariff, a customer must;
    Be an existing ScottishPower customer with a ScottishPower smart meter already installed at the point of taking the tariff
    Consent to ScottishPower collecting half-hourly meter readings from their smart meter
    Have an Electric Vehicle (EV) or Plug-in Hybrid Electric Vehicle (PHEV) registered at the same address as the supply address
  4. Under the Electric Vehicle Homecharge Scheme, customers may be entitled to a £500 grant (OLEV grant) towards the cost of a charge point subject to the following list of requirements.
  • Dedicated off-street parking
  • Vehicle purchased after April 2015
  • Not already claimed this grant for your vehicle
  • Not outwith the limit of two OLEV funded charge points per household

In Scotland, the Energy Saving Trust may reimburse a further £300 towards the cost of a charge point.

  1. *Charging a new Nissan Leaf (40 kWh battery) takes in excess of 15 hours to charge if you plug into a standard plug socket. With our Smart EV charge point, you can get a full charge in approximately 7 hours.
  2. All survey figures, unless otherwise stated, are from YouGov Plc.  Total sample size was 2003 adults. Fieldwork was undertaken between 29th - 30th October 2018.  The survey was carried out online. The figures have been weighted and are representative of all GB adults (aged 18+).
     
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