Gridserve raises EV charging prices on back of ‘unprecedented’ spiralling energy costs

By / 3 years ago / UK News / No Comments

Gridserve has put up EV charging prices across its whole network, citing the “unprecedented spiralling costs impacting the entire energy sector”.

Gridserve said it believed it was the last major network to announce price increases

With immediate effect, it’s adopted a tiered approach, based on the power/location of the respective chargers.

Pricing for medium power chargers – typically 60kW – which are primarily located at motorway service areas has increased from 30p to 39p per kWh.

For high power chargers – up to 350kW – located at its newly developed Electric Hubs, charging will now cost 45p per kWh.

Pricing at Electric Forecourts – including 350kW chargers – will be kept at 39p per kWh as onsite solar generation and battery storage enables more control over energy and distribution costs.

The business, which acquired the Electric Highway in June 2021, said it believed it was the last major network to announce price increases and that its major investment into the network had been done so far without changing pricing, but the energy price rise had forced the move. It also said the new tiered pricing structure would enable it to maintain its extremely competitive pricing.

A company spokesperson said: “Gridserve’s mission is to deliver sustainable energy on such a scale that we can help to move the needle on climate change.

“We recognise that the better the economics are for using electric vehicles versus petrol or diesel, the quicker people will make the switch. This is why in addition to our investment in new charging infrastructure and continuous network improvements, we are also investing in new solar energy and battery projects that provide dependable, clean, low-cost energy that provides not just net zero carbon energy to our network, but also helps to protect our customers against the type of price hikes and instability that is currently affecting the energy market.”

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Natalie Middleton

Natalie has worked as a fleet journalist for over 20 years, previously as assistant editor on the former Company Car magazine before joining Fleet World in 2006. Prior to this, she worked on a range of B2B titles, including Insurance Age and Insurance Day. Natalie edits all the Fleet World websites and newsletters, and loves to hear about any latest industry news - or gossip.