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BILL PAYERS TO SAVE MORE THAN £230 A YEAR AS RIGHTCHARGE LAUNCHES UK-FIRST EV ENERGY TARIFF AND CHARGING COMPARISON SITE

01/10/2020
Images are for editorial use only.

01 October - Rightcharge today launches the UK’s first electric vehicle (EV) energy tariff, home charging and installation online comparison service, which could save customers more than £230 per year on their energy bills[1]. Drivers can also save more than £100 on the upfront cost of installing a charger.

Growing environmental awareness, tightening government legislation and the dramatically falling costs of EVs has driven rapid growth in the ownership of zero emission vehicles, with registrations up by 157% in 2020.[2] However, a lack of clear information means drivers are missing the opportunity to switch to special EV energy tariffs and install smart charge points – a mistake that is costing them hundreds of pounds every year in energy bills.

“The explosion of EV ownership means there is more choice than ever – of cars, chargers and energy tariffs. However, without easy to compare information, drivers are still in the dark about what options work best for them to get the best deal,” Said Charlie Cook, Founder and CEO of Rightcharge. “Our free online tool is the only service on the market that solves this for drivers, providing easy to understand and impartial advice that’s tailored to every customer.”

“10 million people will switch to an electric car in the next 10 years. With the right advice, drivers can collectively save over £10 billion on home charging energy bills in the next decade[3].”

Rightcharge’s free online service enables drivers to find the most suitable energy tariffs and smart EV chargers, as well as the best company to install the home charger. Drivers can compare all available options, using information about their home and driving habits to tailor their results.

EV-specific energy tariffs offer cheaper energy rates at times of low demand, such as overnight. Combining this with a smart charger, which can be scheduled to charge a car at the cheapest times, saves bill payers hundreds of pounds and helps to ensure the energy is as green as possible. However, it’s estimated that only a fraction of households currently take advantage of smart home charging, meaning many drivers are overpaying on their energy bills by an average of £233.19 per year1, or as much as £1,102.94 per year for those who have a high annual mileage.[4]

For example, by adopting a smart charger and a time-of-use tariff, drivers can charge overnight for as little as 5p/kWh – around 1p per mile[5]. A Standard Variable Tariff, at an average 17p/kWh[6], would cost drivers four times more to charge their car – around 4.5p per mile.

Graeme Cooper, Project Director for Electric Vehicles at National Grid, said: “There could be 35 million electric vehicles on UK roads by 2040. Ensuring these drivers have easy access to smart technology that rewards them for charging their cars with clean and cheap electricity when it is plentiful will be key to minimising stress on the grid, keeping bills down and emissions low.”

Ann Styles, VW e-UP driver and Rightcharge customer, said: “Using Rightcharge was a complete short cut that saved us lots time. It also reassured us that we were moving in the right direction. Without Rightcharge we would potentially have been researching for a very long time.”

Rightcharge’s free online tool – www.rightcharge.co.uk – offers three core services:

  • Energy tariff comparison – Rightcharge is the first and only comparison service to consider if a customer has an EV when comparing energy tariffs. By asking questions about a homeowner’s car and driving habits – something that no other energy comparison site currently does – Rightcharge finds bill payers the cheapest and greenest energy tariffs on the market, that will ensure their EV is charged at the lowest cost possible.
  • Home EV charger comparison – Rightcharge compares the widest range of smart chargers on the market today, matching them to drivers’ individual needs. Some drivers focus on cost, while others focus on features or aesthetics – there is no one-size-fits-all – and Rightcharge finds the best options to compare.
  • Installation comparison – Rightcharge has built a UK-wide network of over 30 of the UK’s best installation companies, all of which are government-approved to safely install home EV charge points. By connecting drivers with trusted local installers at the best price, customers can save up to £110 on home charging installation costs. Rightcharge monitors the performance of all partners through customer feedback to ensure the best customer service

By switching from a petrol car to an EV and using Rightcharge’s services to find the best EV energy tariff and home charge point, drivers can expect to save an average of £670.25[7] – or up to £3,170.11 for those who have a high annual mileage[8] – on fuel costs alone.

Supporting car dealerships alongside drivers

As part of its mission to turn the tide on how drivers are informed about home EV charging, Rightcharge is partnering with leasing companies and car dealerships across the UK to share its expertise and help them to offer the full range of charge point options to their customers, as demand rapidly shifts towards EVs. Retailers pay nothing for the service and even receive a commission for each driver that uses the tool, creating a cost-free revenue stream.

Jeremy Whittingham at Newmarket Motoring Company, which has already partnered with Rightcharge, said: “Because Rightcharge offers a fair and independent comparison service with well-chosen installers, we know customers are getting the best service possible and, as a result, we can confidently offer customers the complete EV solution – from EVs to home charging, and even energy tariffs.”

Charlie Cook added: “Our relationships with charge point providers and hand-picked installers mean we can give customers the best possible experience and price. Dealerships and leasing companies are experts in educating consumers about the benefits of EVs, but by partnering with Rightcharge, they also have instant access to the UK’s only all-in-one comparison service for home charging.

For media enquiries, please contact:

Will Spragg                  will.spragg@greenhousepr.co.uk         +44 (0) 7528 307499
Toby Dye                     toby.dye@greenhousepr.co.uk            +44 (0) 7508 636325

Notes to editors

Smart charging and its impact on the electricity system
Smart charging electric vehicles not only saves consumers money, it is essential to achieve a carbon-free energy system. ‘Dumb’ EV charging – where EVs charge from the moment they are plugged in until they are unplugged – puts significant strain on the UK’s energy network. This creates a peak in power demand which could reach more than 5GW each evening by 2030[9], equivalent to powering 5 million homes for an hour5. Smart charging – where EV charging can be adapted automatically to take place at times of low demand, clean energy generation, and/or low cost – could reduce this peak demand by up to 47%.4 The customer benefits from the cheapest and cleanest available power, while the peak of demand is reduced UK wide, ensuring an efficient and lower-cost energy system for everyone.

About Rightcharge:
Rightcharge is the UK’s only EV charge point, charge point installation, and EV energy tariff comparison site. Founded by Charlie Cook, Rightcharge’s services include:

  • Energy tariff comparison – Rightcharge is the first and only comparison service to consider if a customer has an EV when comparing energy tariffs. By asking questions about a homeowner’s car and driving habits – something that no other energy comparison site currently does – Rightcharge finds bill payers the cheapest and greenest energy tariffs on the market, that will ensure their EV is charged at the lowest cost possible.
  • Home EV charger comparison – Rightcharge compares the widest range of smart chargers on the market today, matching them to drivers’ individual needs. Some drivers focus on cost, while others focus on technology or aesthetics – there is no one-size-fits-all – and Rightcharge finds the best options to compare.
  • Installation comparison – Rightcharge has built a UK-wide network of over 30 of the UK’s best installation companies, all of which are government-approved to safely install home EV charge points. By connecting drivers with trusted local installers at the best price, customers can save up to £110 on home charging installation costs. Rightcharge monitors the performance of all partners through customer feedback to ensure the best customer service

Rightcharge can be found at www.rightcharge.co.uk 

[1] Average mileage = 7,400. Electric car miles per kWh of energy = 4. British Gas Standard Variable Tariff (STV) (£/kWh) = 0.17605. Octopus Energy EV Tariff off-peak rate (£/kWh) = 0.05. STV customer pays £325.69 per year. EV tariff customer pays just £92.50 per year.

[2] SMMT: Car registrations

[3] Based on National Grid Future Energy Scenarios EV uptake forecasting. £11bn figure assumes average saving of £233.19 per year per driver.

[4] High annual mileage = 35,000.

[5] Octopus Go Tariff.

[6] British Gas SVT.

[7] Average mileage = 7,400. Petrol (£/ltr) = 1.145. Assuming 50 MPG, this would cost £762.75 er year in fuel. Electric car miles per kWh of energy = 4. Octopus Energy EV Tariff off-peak rate (£/kWh) = 0.05. EV tariff customer pays just £92.50 per year on fuel.

[8] High annual mileage = 35,000.

[9] National Grid Future energy scenarios 2020: page 87, figure 4.24.

5 Ofgem: Electricity generation: facts and figures“GWh… enough to power around one millions homes for an hour”.

Rightcharge

Rightcharge


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