Electric vehicle owners could save on cash after Octopus Energy offered motorists free charging in a revolutionary new scheme.
Car owners who resell the power from their vehicle batteries back to the grid during peak hours will be able to benefit from the scheme and could save as much as £850 a year in charging costs.
Octopus Energy hopes that the scheme will help motorists save money compared to charging on a standard variable tariff.
The guaranteed free charging is part of a new mass market vehicle-to-grid tariff (V2G) launched by the energy group.
Although the tariff is still in its early development phase, it is expected to inform drivers of when itâs best for the grid to charge.
Alex Schoch, head of flexibility at Octopus Energy, said: “We recently moved past a million EVs on UK roads â a major milestone â but their true power for storing energy remains untapped.
âOnce we reach 10 million electric cars on the road, weâll have enough storage to power the entirety of Great Britain during peak times. All our drivers have to do is plug in regularly and their charging is completely free.â
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Drivers will need to plug in their car for more than 170 hours each month to receive the benefit, roughly equating to six hours a day.
Schoch added: âEVs are going to be a major lever in our future flexible, green grid, but to get there we need to unlock the capabilities of their batteries.
âNow we have Octopus Power Pack, itâs over to car manufacturers to build the cars that are compatible with V2G technology.â
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