Instavolt is one of the largest rapid charging networks in the UK, but also one of the most expensive too. Instavolt charge 85p/kWh for DC fast charging, whereas many networks are somewhat cheaper and some, like Tesla are much cheaper.
Instavolt is now going to be adjusting its pricing structure and discounting the pricing for off-peak hours, which is between 10pm and 6am. The new price will be 54p/kWh and outside of these hours it'll still be 85p/kWh.
Instavolt will also work to lobby government to reduce the VAT on public charging down from 20%. If this ever happened, the company says it will pass that saving on to customers immediately.
“We’ve brought off-peak pricing in across our network ahead of our planned schedule as we wanted to offer this excellent price before we go into the colder months, giving InstaVolt users this saving now."
Delvin Lane - Instavolt CEO
The off-peak pricing will only be available to Instavolt app users currently, but will be made available to contactless users by the end of the year. It is unclear at this stage if this will work with the Octopus Electroverse network.