Dynamic pricing

This EV fast charging station tells you when its power is at its cheapest and greenest

In Denmark renewable energy company Better Energy opened a fast charging station that tells EV drivers when renewable energy is at its peak in the grid – and thus when charging prices are cheapest. 

What makes this charging station unique is its dynamic pricing model. It differs from traditional fixed pricing schemes because it incentivizes EV drivers with lower charging prices when renewable energy is at its peak on the grid.

The charging price, which is available the day before, follows the Danish energy spot prices. Similar to a gas station’s pricing signs, the EV charging station’s price board is visible from the road. “We want to encourage people to charge their cars when there is a lot of renewable electricity in the grid by making it cheaper when the sun is shining and the wind is blowing,” said Peter Munck Søe-Jensen, EVP of power solutions at Better Energy.

The Danish company feels its model helps drivers plan in advance to charge their EVs when energy is at its cheapest. Plus, by charging EVs when solar and wind energy production is high, consumers can also increase the probability that they’re using renewable, not fossil fuel-powered, energy.

The “Better Energy Charge” station in Sønderborg sits next to the company’s R&D solar park.

Author: Peter van Noppen

Source: https://electrek.co/

This EV fast charging station tells you when its power is at its cheapest and greenest - ChargeInfra
Dynamic pricing

This EV fast charging station tells you when its power is at its cheapest and greenest

In Denmark renewable energy company Better Energy opened a fast charging station that tells EV drivers when renewable energy is at its peak in the grid – and thus when charging prices are cheapest. 

What makes this charging station unique is its dynamic pricing model. It differs from traditional fixed pricing schemes because it incentivizes EV drivers with lower charging prices when renewable energy is at its peak on the grid.

The charging price, which is available the day before, follows the Danish energy spot prices. Similar to a gas station’s pricing signs, the EV charging station’s price board is visible from the road. “We want to encourage people to charge their cars when there is a lot of renewable electricity in the grid by making it cheaper when the sun is shining and the wind is blowing,” said Peter Munck Søe-Jensen, EVP of power solutions at Better Energy.

The Danish company feels its model helps drivers plan in advance to charge their EVs when energy is at its cheapest. Plus, by charging EVs when solar and wind energy production is high, consumers can also increase the probability that they’re using renewable, not fossil fuel-powered, energy.

The “Better Energy Charge” station in Sønderborg sits next to the company’s R&D solar park.

Author: Peter van Noppen

Source: https://electrek.co/