Octopus Energy launches dynamic EV charging pricing model in France with Powerdot

The scheme offers discounts of up to 50% on public charging during periods when wholesale electricity costs fall and renewable generation is high. The scheme links charging prices to wholesale power markets and aims to encourage EV charging during periods of abundant renewable electricity. The model was first introduced in the UK two years ago. Octopus Electroverse already connects to around 97 per cent of the approximately 172,000 public charging points currently installed in France. Further charging operators are expected to join the programme over time, and the Plunge Pricing model will be expanded to additional charging networks and markets in the future. In the UK, customers have saved almost £100,000 with Plunge Pricing. Quotes: "offering discounts of up to 50% at 7,000 Powerdot charge points when renewable electricity is abundant.", "The scheme links charging prices to wholesale power markets and aims to encourage EV charging during periods of abundant renewable electricity.", "beyond the UK, where it was first introduced two years ago.", "Electroverse already connects to around 97 per cent of the approximately 172,000 public charging points currently installed in France.", "Octopus said further charging operators are expected to join the programme over time.", "According to the company, the Plunge Pricing model will be expanded to additional charging networks and markets in the future.", "So far in the UK we’ve already helped customers save almost £100,000 with our Plunge Pricing"