Electric

Electric

Electric vehicle drivers got paid to fill up this weekend


● Electricity prices went negative for long periods on Octopus Energy’s Agile tariff on the bank holiday weekend

● Drivers with the Ohme charger automatically charged their cars when prices were cheap/negative

● Ohme drivers got paid around £5 as they charged over 600 miles worth of electricity, enough to drive London to County Durham and back, and would typically cost around £100 in petrol

UK, Thursday 28th May 2020: Over the bank holiday weekend, there were long periods during the day and the night where electric vehicle drivers, using Octopus Agile’s green electricity tariff and an Ohme cable or home charger, were actually paid to charge their car.

One driver, for instance, was paid £4.51 to charge up his Tesla Model 3 with enough electricity to drive over 650 miles – which would have cost over £100 in an equivalent petrol car, a BMW 3 series. That is enough energy to drive from London to County Durham and back.

Another driver, on Twitter, quipped “I drive from Bath to Edinburgh…and Octopus PAY ME enough to buy 2 pints of cask ale and a bag of crisps”, as other drivers were posting energy prices and declaring what they were planning to do, as you can see here.

Wholesale electricity prices were negative because of lower electricity demand, coupled with the weather which was both windy and sunny causing there to be lots of renewable energy available. Octopus Agile charges customers based on wholesale prices which allows people on this tariff to benefit from lower prices when excess power is available. Periods of negative prices are occurring more frequently. For example, on Saturday 23rd May, prices were negative for more than 12 hrs, from early morning to the middle of the day, and drivers were paid up to 11p per kWh used.

Ohme’s smart charging technology enables drivers to optimise each charge according to what they want and what the predicted power prices will be over the next 24 hours. Ohme will turn the charging on-and-off throughout the day-or-night to minimise the costs and take advantage of the lower energy prices. Ohme does all the hard work. This also uses surplus renewable energy which could, otherwise, be wasted if wind turbines are curtailed to balance supply and demand.

Case study

Jack from Bath was paid £1.43 to fill his Jaguar I-PACE up with 82 kWh – enough electricity to drive more than 200 miles, saving approximately £34 versus a petrol equivalent. Unfortunately, he did not have enough space in his battery to take full-advantage so he invited his Dad who drives a Tesla and lives around the corner to plug in, enjoy free electricity and earn Jack some money.

Quotes
David Watson CEO and Founder of Ohme:“Smart charging is obviously great news for EV drivers, reducing the total cost of owning an EV significantly by passing on energy cost savings. As well as being a more efficient cleaner mode of transport, EVs will have a profound positive impact on the grid, unlocking value by cheaply shifting demand to times where there is an excess of renewable energy on the system.”

Fiona Howarth, CEO of Octopus Electric Vehicles: “Electric cars can save drivers up to 90% fuel saving normally, but this weekend we even saw drivers getting paid to fill up as Octopus Energy’s Agile tariff prices dropped below zero for a few hours – saving some drivers up to £85. Even better, drivers with smart tech like the Ohme cable were able to seamlessly take advantage of the negative prices without having to think about when to start and stop their charging – it just happened automatically – a great snapshot of a smart, green future.”

 

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Exide Awarded Battery Partnership for JCB’s Electric Teletruks


Battery manufacturer Exide Technologies, a global provider of stored electrical energy solutions, has been selected by JCB to power its new range of electric Teletruks. Under the partnership, Exide’s GNB batteries and high-frequency chargers will be supplied with each new E-TEC forklift rolling off the production line. Exide will also provide exclusive service and support across Europe.

Before being selected, Exide went through a detailed examination of its processes and systems. It was then chosen based on the reliability and performance of its technology, its decades of experience in the electrical motive power market and the high level of support that it offers.

“We’re delighted to have been selected as JCB’s energy storage partner for the E-TEC range, and we look forward to working with JCB as it adds more electric forklifts,” said Vic Sayer, UK Applications and Contracts Manager- Motive Power at Exide Technologies. “Electric forklifts are the future. They help create a cleaner environment, increase safety for workers, reduce noise levels, and make businesses ready for future legislation. They also make it much easier to seamlessly operate inside and outside the warehouse from the same forklift – a major advantage of the JCB 30-19E.”

A energy storage solution based on a GNB Marathon Classic battery was selected for the JCB 30-19E, the first forklift in the E-TEC range. It is paired with an 2100 HP, 3 phase intelligent high-frequency reporting charger, which can recharge it in 8 hours from 80% depth of discharge. A complete battery, charger and BFS watering system comes with every new truck supplied from the UK factory. Integral fork pockets allow battery packs to be easily exchanged from the rear of the forklift.

GNB Service was selected by JCB as its exclusive service partner in Europe. The focus will be on providing customers with fast response times, avoiding the complexity of unnecessary call-outs and maximizing customer uptime. Exide will be the only company doing work on the batteries and chargers, which ensures that customers get the best service every time.

“JCB serves a global customer base in construction, agriculture and industry. To be successful our customers must be confident in our machines and the components that make up our machines. When JCB is not fitting a component designed and manufactured internally, we partner with a supplier who has the capabilities and drive to deliver on our customers’ expectations globally,” said Paul Murray, General Manager – JCB Teletruk. “In selecting an industrial battery partner, JCB shortlisted the leading manufacturers then benchmarked their products and business capabilities. GNB delivered the performance we were looking for. A global partnership was established, detailed in a service level agreement, which JCB customers will benefit from.”

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