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1.2.6 Price determination

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Question 7

The UK EV Ultra-Rapid Charging Market

Figure 1: Market share of the six largest ultra-rapid charging network providers in the UK, by active chargers, 2024

ProviderMarket Share (%)
Gridserve28%
InstaVolt22%
Osprey Charging15%
VoltStream12%
bp pulse11%
Ionity8%

Figure 2: Osprey Charging peak-time tariffs at highway hub locations

Tariff before VoltStream ceased operations

Peak rate session (12:00 to 19:00)

  • CCS Ultra-Rapid Connection (up to 150 kW)
  • Contactless or App payment
  • Fixed network access fee included
  • 24/7 Helpline Support

Peak-time tariff: 64p per kWh Average cost for a 50 kWh charge: £32.00

Tariff 24 hours after VoltStream ceased operations

Peak rate session (12:00 to 19:00)

  • CCS Ultra-Rapid Connection (up to 150 kW)
  • Contactless or App payment
  • Fixed network access fee included
  • 24/7 Helpline Support

Peak-time tariff: 72p per kWh Average cost for a 50 kWh charge: £36.00

Data accessed: 12th and 13th October 2024

With reference to the information provided, discuss the decision by Osprey Charging to increase its ultra-rapid charging tariffs.

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1.2.6 Price determination Questions

  1. A Level
  2. /Economics
  3. /1.2.6 Price determination