July 2024
|Last updated:
November 2024

The best ways to reduce your EV fleet charging costs

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Want to know some of the best ways to keep charging costs down? We have some top tips regarding keeping charging costs low!

There are plenty of Electroverse discounts around, but EV fleet drivers trying out Electroverse for the first time may not know the best way to keep charging costs low. The last thing you want as a business is an astronomical invoice at the end of the month - that’s where we come in!

Let's get plugged in...

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IONITY - 5% off for all Electroverse customers

All Electroverse customers, including fleet drivers, receive a 5% discount on the standard IONITY charging cost! 

This discount doesn’t need to be activated! Just start a charge with your Electrocard or through the Electroverse app and the discount will be applied automatically.

IONITY charging stations
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Osprey 7pm - 11pm

In this unique pricing trial, Osprey and Electroverse have teamed up to provide you with 20% off their public charging between 7 - 11pm. So, if you’re charging your EV overnight on an Osprey charger, ready for another day’s work, feel reassured that you’re not paying full price!

Once again, no activation needed! Our flexible tariffs make room for exciting discounts such as this.

Osprey EV accessible chargers
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Source London - 4p discount

Exclusively on Electroverse, you can receive a 4p/kWh discount on all Source London charging stations! This is in comparison to the Source London Pay As You Go rate.

No activation needed, simply charge with the Electroverse app or card at any Source London EV chargers!

Source London EV charging station
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Plunge Pricing

What is Plunge Pricing?

Octopus Electroverse Plunge Pricing is a discount event which takes place every so often - you can get money off charging on some of the largest charge point operators, worth keeping an eye out for!

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So, why do we get Plunge Pricing..? 

Every so often, when there’s a surge in renewable energy on the grid, the amount of energy available is more than the consumer demand. When this happens, it means we can provide a charging discount on the excess energy (more on this in the ‘What is Octopus Electroverse Plunge Pricing?’ blog)!

How do I know when a Plunge Pricing event takes place?

One of the ways you’ll know is by checking the Electroverse app - when the leaf symbol on the right of the Electroverse map is green, this means a Plunge Pricing event is about to happen or is currently happening! Tap on the leaf or the alert at the bottom to see more details on the event (as shown in the screenshots below).

Plunge pricing event - app

There are also a couple of things you can do to ensure you know about Plunge Pricing:

1. Turn on app notifications

We will send out a notification on the Electroverse app when a Plunge Pricing event is coming up. Head into your Profile on the app and check out ‘App Settings’ - once you’re in ‘Notifications’ it will take you into your phone settings. From here you can update the type of Notifications you’re allowing from your app!

2. Keep an eye on our social media platforms

When a Plunge Pricing event is about to go live, we will share it and all the details you need across our social platforms! Check us out on: X (Twitter), Facebook, LinkedIn & Instagram. You could even turn on post notifications to make sure you don’t miss a thing!

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Want to know more about why a Plunge Pricing event takes place? Head to the Plunge Pricing blog!

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When to charge for cheap tariffs

It’s a good idea to check when your favourite charger/s are off-peak! There will be a time of day when chargers are at their cheapest but this will depend on the charger point operator (CPO), therefore it’s worth checking when the particular CPO are at their cheapest.

Overall, however, electricity is at its cheapest overnight, and therefore is often the best time to charge your EV up. Plus, you’ll have the added benefit of starting your next working day fully charged and ready to go!

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Bonus: Refer a Business

Admins can also get involved when it comes to money saving! As an Electroverse for Business administrator you can refer another business to Electroverse and split £30 credit!

Simply head to ‘Credit and Referrals’ on your Electroverse for Business web platform and you’ll find a unique referral code - share this with another business who have EVs (and who don’t already use Electroverse!) and you’ll split £30 credit once you’ve both made your first charge through us.

You can share this code with however many businesses you like!  Once you receive the credit, it will be visible on your web platform, ready to be contributed to your business expenses.

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This blog will be continuously updated when new discounts and benefits are released!

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Interested in learning more? Head over to our Electroverse Community area for more electrifying content!