RCS - Good Energy Group - New electric vehicle time of use tariff launched

Good EnergyAnnouncement

16/07/2021 07:00

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RNS Number : 4210F  Good Energy Group PLC  16 July 2021

Good Energy Group PLC

 

("Good Energy" or "the Company")

 

New electric vehicle time of use tariff launched

 

Good Energy Group PLC (AIM: GOOD), the 100% renewable electricity supplier and
innovative energy services provider, is pleased to announce the launch of an
innovative new time of use energy tariff, aimed specifically for electric
vehicle ("EV") drivers.

Delivering EV services for drivers

As part of an increased focus on Mobility as a Service ("MaaS") and EV service
products, Good Energy has launched a new time of use tariff for domestic
customers that own an EV. The launch includes the installation of a free
second-generation smart meter, known as a 'SMETS-2 meter'.

The new 'Green Driver' tariff will be cheaper than previous offerings and will
provide customers with options of two 'off-peak' overnight charging windows of
five or seven hours, both starting at midnight. The two tariffs are designed
to give customers a choice of off-peak charging period to suit their needs and
help those that have an EV to save money on their energy bills. These tariffs
have been designed based on customer feedback, highlighting a requirement for
a slightly longer charging period.

Offering a lower off peak unit rate after midnight will help customers
optimise charging their EV overnight and will encourage customers to shift
their consumption, which not only provides cost savings to the customer, but
also supports a greener electricity grid.

As part of a continued focus on digitalisation and data, the SMART meter
rollout is accelerating our digital offering and is a building block for
energy services. This platform has provided us with the ability to design
multiple new, smart enabled tariffs, which promote further innovation and
improves the speed of our product launches. Customers will need to have a
SMETS-2 meter installed and sign up for direct debit payments to be eligible
for the new Green Driver tariff.

Mobility as a Service

Good Energy is continuing to develop a Mobility as a Service offering, to
provide solutions for the electrification of transport for Business and
Domestic customers.

Alongside these new tariffs and the recently announced new subscription
service from Zap - Map, these solutions will become a key service for EV
drivers to be included as part of a customer centric bundle alongside energy
supply contracts, charging solutions and other EV related services.

As we move from this vehicle-centric to customer-centric world, energy
suppliers have the unique opportunity to sit at the heart of the future
mobility ecosystem and provide customers with a suite of interconnected
services spanning the four main mobility value chains: Energy, EV
infrastructure, asset management / services and EVs.

Nigel Pocklington, Chief Executive Officer at Good Energy said:

"The continued roll out of new products and services for EV drivers will be a
key focus for our business, in helping both business and domestic customers
reduce carbon through the electrification of transport. We are seeing an
acceleration of EV adoption, with recent stats showing battery electric
vehicles now accounting for more than 10% of all new car sales.

As this market continues to grow, we look forward to building further EV and
digital products, services and partnerships for our customers to benefit
from."

 

Enquiries:

 Good Energy Group PLC                                   Email: press@goodenergy.co.uk

 Nigel Pocklington, Chief Executive                      Email: press@zap-map.com

 Charles Parry, Investor Relations                       Phone: +44 (0) 7718 671003

 Luke Bigwood, Communications

 Investec Bank plc (Nominated Adviser and Joint Broker)  Tel: +44 (0) 20 7597 5970

 Jeremy Ellis

 Sara Hale
 Canaccord Genuity Limited (Joint Broker)                Tel: +44 (0) 20 7523 4617

 Henry Fitzgerald - O'Connor

 Georgina McCooke

Notes to editors:

 

About Good Energy www.goodenergy.co.uk

 

Good Energy is a generator and supplier of 100% renewable power and an
innovator in energy services. It currently owns two wind farms, six solar
farms and sources electricity from a community of 1,600 independent UK
generators.

Since it was founded 20 years ago, the company has been at the forefront of
the charge towards a cleaner, distributed energy system. Its mission is to
support UK households and businesses generate, store and share clean power.

Good Energy is recognised as a leader in this market, through our green kite
accreditation with the London Stock Exchange and as a top rated Green energy
supplier by Which?.

 

About Zap-Map www.zap-map.com/live/

Launched in June 2014, with a mission to accelerate the shift to electric
vehicles (EV) and help the drive towards zero carbon mobility, Zap-Map is the
UK's leading EV mapping service. The charging point map, available on desktop
and iOS/Android apps, helps EV drivers to search for available charge points,
plan longer journeys, share updates and pay for charging on participating
networks.

In the UK, Zap-Map attracts more than 120,000 cross-platform users per month
from a rapidly growing fleet of around 200,000 pure-EVs (Zap-Map's core user
group) and 230,000 plug-in hybrids (SMMT: December 2020).

 

 

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