Energy supplier Ovo launches tariff for electric vehicle drivers

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LONDON, Aug 1 (Reuters) - British electricity and gas
supplier Ovo Energy has launched a new tariff aimed at drivers
of electric vehicles, hoping to tap a growing market days after
Britain announced a ban on the sale of new diesel and petrol
cars from 2040.
    Ovo Energy's EV Everywhere tariff offers customers a
two-year fixed energy rate that also includes free membership of
the POLAR network of charging stations over that period.
    Electricity consumption by electric cars is expected to rise
as consumers opt for more environmentally friendly transport and
the cost for batteries used in the cars falls.
    Britain said last week it would ban the sale of new diesel
and petrol cars from 2040 in an attempt to reduce air pollution.
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    Ovo estimates Britain will have at least one million
electric vehicles on its roads by 2022, up from about 110,000
now.
    "Mass adoption of electric vehicles will completely
revolutionise the energy sector," said Ovo Energy CEO Stephen
Fitzpatrick, who set up the energy company in 2009.
    Users of Ovo Energy's new tariff will receive electricity
from renewable energy sources, guaranteed by certificates
proving its origin. The company said it was only Britain's third
energy tariff targeted at electric vehicles.
    Green energy company Ecotricity and renewable energy
supplier Good Energy also have tariffs for electric car users.
    Alongside the tariff launch Ovo also announced two
acquisitions: electric vehicle charging point installer
ChargedEV and electric vehicle technology research company Indra
Renewable Technologies.
    Ovo declined to disclose financial details of the deals.
    The independent supplier made its first acquisition earlier
this year when it bought U.S. smart grid startup VCharge.
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 (Reporting by Karolin Schaps; editing by Jane Merriman)
 ((karolin.schaps@thomsonreuters.com; +44)(0)(207 542 6622;
Reuters Messaging:  karolin.schaps.reuters.com@reuters.net))

Keywords: OVO TARIFF/AUTOS






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