Fleet News

Gridserve EV charging price hike due to ‘spiralling costs’

Gridserve electric highway

Gridserve has increased the cost of charging an electric vehicle (EV) on its network, blaming spiralling costs impacting the energy sector.

Pricing for medium power chargers – typically 60kW – which are primarily located at motorway service areas is increasing from 30p to 39p per kWh with immediate effect.

However, it said that pricing for high power chargers – up to 350kW – located at its newly developed Electric Hubs (of which it currently has 13 in construction), is 45p per kWh.

It is also keeping pricing at 39p per kWh – even for 350kW chargers – at its Electric Forecourts thanks to onsite solar generation and battery storage which gives the company more control over energy and distribution costs.

Gridserve says that it recognises the better the economics are for using EVs versus petrol or diesel, “the quicker people will make the switch”.

It is why the company says it is investing in new solar energy and battery projects which help to protect customers against the type of price hikes and instability that is currently affecting the energy market.

Gridserve says it wants to revolutionise EV charging across the UK, following the acquisition of Ecotricity’s Electric Highway network in June 2021.

It is expecting to open more than 20 ‘electric hubs’, each featuring 6-12 x 350kW ultra high-power electric vehicle (EV) charge points with contactless payment, at motorway service stations across the UK by Q2 2022.

The majority should be installed by the end of March, with a further 50 additional electric hub sites set to follow.  

Two Electric Forecourts situated adjacent to major transport routes and motorways, including a flagship site at Gatwick Airport and Norwich, are also in construction, due to open in 2022.

Several additional Electric Forecourt sites now also have planning permission including Uckfield, Gateshead, Plymouth and Bromborough, with more than 30 additional sites also under development as part of the company’s commitment to deliver over 100 Electric Forecourts.

Gridserve’s price hike follows InstaVolt raising its prices from 40p/kWh to 45p/kWh from December 1, as a result of the increases in the wholesale price of energy.

BP Pulse also increased its prices from December saying that the charging network was “no longer able to absorb the rising costs”.

Click here for electric cars and hybrids best practice and procurement insight

Leave a comment for your chance to win £20 of John Lewis vouchers.

Every issue of Fleet News the editor picks his favourite comment from the past two weeks – get involved for your chance to appear in print and win!

Login to comment

Comments

  • Sage & Onion - 14/01/2022 12:00

    When the economics of charging an EV on the road now works out at between 10.5p to 12p per mile then we are at the same fuelling costs of some diesels, except with the premium purchase cost on top. So I can't see how this persuades people to switch to EV, especially those drivers that can't fit home chargers. Reducing EV grants and increasing cost of charging (by 30% in this example) is going to slow the take up of EV's, but its all a moot point anyway as we can't get many EV models until 2023 anyway so maybe the energy market will calm down by then. But it makes me ask what ppm "fuel" cost do other fleet managers and Contract Hire suppliers use when producing fleet choice lists and rate books based on whole life cost? Do they use the HMRC 5p rate or do they use an actual cost based on a nominal pence per kWh and an average miles per kWh?

  • The Engineer - 14/01/2022 19:21

    So on that charger its about 13p per mile. About the same as the cost of petrol in a decent hybrid doing 50mpg. Bad news for a company car driver that needs a charge to complete his business journey and is only getting an AFR of 5p a mile from their employer. When domestic electricity rises in April to at least 36p kwh HMRC need to react quicker than usual. A company car driver averaging 3 miles per kwh will be paying 12p per mile for fuel and getting reimbursed 5p!! If your business mileage portion is low then yes it might be worth taking the hit for the no BIK gain. but high mileage drivers will soon eat away the tax saving in effectively subsidising their business fuel! HMRC need to fix it big time or the 'Green revolution' is going to slow down a lot! - Just glad I unticked the Tesla box and picked something else for now on my last car order.

Related content

Compare costs of your company cars

Looking to acquire new vehicles? Check how much they'll cost to run with our Car Running Cost calculator.

What is your BIK car tax liability?

The Fleet News car tax calculator lets you work out tax costs for both employer and employee