Octopus launches V2G tariff as a UK-first

The tariff uses V2G technology and the Kraken tech platform to balance charging processes to prioritise green electricity during off-peak times.

Octopus expects drivers to plug in about six hours daily to profit from the bidirectional smart charging features; the savings are calculated on driving 10,000 miles a year on average.

For now, the rollout will be small; not only is the tariff in beta, but there are only a limited number of models with V2G capability on the market. In its FAQs, Octopus lists the Nissan Leaf, Nissan e-NV200, and Mitsubishi Outlander PHEV as eligible vehicles; also charge via CHAdeMO.

The other requirement is a Wallbox Quasar 1 V2G charger, and Octopus says they are working to offer more models.

As Alex Schoch, Head of Flexibility at Octopus Energy, said, “Now we have Octopus Power Pack, it’s over to car manufacturers to build the cars that are compatible with V2G technology.”

Octopus adds that the tariff works as a bolt-on that separates charging from the rest of the home and runs alongside each customer’s regular import tariff. Customers can also stack payments for solar generation on top of this tariff.

Customers can register interest in joining the tariff via an online form.

octopus.energy