Electric car drivers could earn more than £700 a year selling surplus power back to the grid, according to a government-backed study. More than 300 homes had chargers installed in their homes that enabled them to sell electricity back to the grid that was stored in their car batteries, in the world’s largest trial of its kind. The study found that consumers could make up to £725 a year when signed up to tariffs that enables a tech platform to take power from the vehicle’s battery for the grid when national supplies were low. That could fall to £555 when upcoming changes to electricity charges planned by Ofgem come into force. But installing a vehicle-to-grid charger will currently set drivers back between £4-5,000, compared to around £1,200 for a regular smart charging device.
Telegraph 3rd June 2021 read more »