Electric Cars Can Now Sell Their Energy Back To The Grid

Electric Cars Can Now Sell Their Energy Back To The Grid
Automotive

A company called OVO in the UK turns your car into an electricity generator

Leo Lutero
  • 16 october 2017

Owning an electric car in the UK Is made much more reasonable by a company called OVO. Their system charges massive car batteries when electricity is cheap then sells it back to the grid when the price swells. Daily electricity price fluctuation in the UK can swell cost five times over.

On peak hours early evening when everyone is cooking, watching the television, or blasting their heaters, the price of the electricity can skyrocket. This is because more generators are required to power the grid. When everyone is asleep, the cost drops.

Exact details on how much money a household can generate with the program are still unavailable. Those interested may sign up for updates here. Electric cars promise lower running costs but with a system like this being implemented, it could literally be paying for itself.

OVO

Owning an electric car in the UK Is made much more reasonable by a company called OVO. Their system charges massive car batteries when electricity is cheap then sells it back to the grid when the price swells. Daily electricity price fluctuation in the UK can swell cost five times over.

+Automotive
+Battery
+electric car
+Europe
+fitness / sport
+retail
+sport & fitness
+technology
+travel
+UK

Learn About Our Membership Services

Need Research Help?
As a member you can ask us any research questions and get complimentary research assistance with a 4-day turnaround. Reports inclde stats, quotes, and best-inclass examples on research topics.
Remain Informed & Strategic
We publish several trends reports each month. By becoming a member you will have access to over 100 existing reports, plus a growing catalog of deep topical analysis and debrief-style reports so you always remain in the know.
See Trends Come To Life
Meet your peers and immerse yourself in monthly trend and innovation webinars and discounted conferences.
No search results found.