British Gas has today (19 November) launched a new, green smart time-of-use tariff for electric vehicle (EV) users.
The Green Drive November 2020 dual fuel tariff is the first of the company’s suite of EV propositions for residential and business customers.
It will offer cheaper electricity at night between 12.30am and 7.30am in order for customers to charge their car.
The average annual bill of £1,547 is based on an average EV user consuming an additional 2340kWh of electricity per year by charging their car.
Earlier this year British Gas’ parent company Centrica invested in Driivz, which offers end-to-end software solutions for EV charging, demonstrating its commitment to this market.
Peter Simon, customer propositions and product director at British Gas, said: “Customers who choose this tariff will have peace of mind that if they charge their electric car overnight they can take advantage of lower prices.
“We want to offer our customers different types of tariffs that suit their individual needs and help them understand their energy usage.
“This is our first residential EV product. Over the coming months, we will launch further electric vehicle charging services to both residential and business customers.”
EVs represent a growing market for energy suppliers and several have launched tailored tariffs in the last year.
According to the latest estimates there are currently 200,000 EVs on the road in the UK, forecast to grow to 1.4 million by 2025.