Charging when energy costs are low

With the increasing availability of sustainable energy sources like solar and wind, electricity prices can vary significantly throughout the week and even within a single day. Typically, Charge Point Operators (CPOs) charge EV drivers a fixed rate for electricity. However, CPOs can significantly enhance their profit margins when EV drivers charge their vehicles during periods of lower electricity prices, such as during midday when solar power is abundant, rather than during peak demand times when electricity costs are higher.

By offering PowerGoodies as an incentive, EV drivers are encouraged to charge their vehicles during these optimal times, maximizing the benefits for all involved. The EV driver earns bonus points, the CPO enjoys higher margins, and the grid operator benefits from reduced congestion. Additionally, this approach supports climate goals, as charging during periods of high solar power availability ensures that no CO2 is produced, making it a win-win for the environment.