Octopus Energy’s Electroverse, Europe’s largest electric vehicle (EV) charging network, is taking its game-changing ‘Plunge Pricing’ scheme abroad, kicking things off in France.
In partnership with Powerdot, the country’s largest public charging operator, Electroverse will reward drivers with dramatically lower rates for plugging in when the grid is greenest and wholesale electricity prices drop.
EV drivers all across France can now scoop up magnifique discounts of up to 50% on public charging when the wind blows, and the sun shines – saving roughly €5 for every Plunge Pricing session.
France is the first country to benefit from the rollout, building on Octopus Energy’s innovation in the UK, where Plunge Pricing events collectively saved drivers nearly £100,000 since launching the scheme in 2024.
Initially available at all 7,000 Powerdot ultra-rapid chargers in France, Electroverse is already set to roll out its Plunge Pricing innovation across more charge-point brands over time.
The launch comes as France is rapidly ramping up renewable energy generation, creating an abundance of clean electricity that can now be put towards powering cars for less.
With Electroverse already linked to 97% of the 172,000 French public chargers, drivers can power up via the network almost anywhere they travel.
It comes hot on the heels of Octopus Energy’s French retail arm striking a major deal with Powerdot to supply its EV network with 100% clean energy.
Since landing in France in 2022, Octopus has soared to the country’s fifth-largest energy supplier, delivering green energy and stellar service to over 750,000 customers nationwide.
Matt Davies, Founder and Director of Octopus Electroverse, said: “So far in the UK we’ve already helped customers save almost £100,000 with our Plunge Pricing, so we’re buzzing to expand it across the channel into Europe for the first time!
“France is the perfect place to kick things off. Certainly for local drivers, but also for the many UK drivers on holiday or passing through. Drivers can now snag some serious savings on the go, thanks to the flexibility of a renewable-powered grid. And this is just the beginning as we’re gearing up to roll Plunge Pricing out to even more charging networks and drivers globally.”
Afonso Ramos, Co-Founder and Chief Product Officer, said: “Octopus has a remarkable ability to turn energy innovation into tangible benefits for customers. At Powerdot, we share that ambition to rethink electric mobility and make it more accessible and more affordable for drivers.
“We’re particularly excited to introduce Octopus’ plunge pricing model to the French market together, aligning EV charging with periods of excess renewable energy to unlock lower costs for drivers across the country.”
This comes as Octopus and Powerdot are already putting their heads together to cook up even more ways for drivers to save on the go, with updates coming soon.
Octopus Electroverse has made public charging simpler and cheaper than ever before. The network has seriously taken off, now connecting over 1 million drivers to more than 1.3 million chargers across 50 countries worldwide – and is expanding at record speed.
It marks Octopus’s latest leap to supercharge the shift to clean electric transport with Octopus Electric Vehicles division racing ahead as the UK’s biggest EV-only leasing business.
Drivers interested in Electroverse can sign up here and download the app via the Apple and Android app stores.