Pod Point Makes History as First Company to Trade Energy Under New P415 Wholesale Regulations
Pod Point has achieved a milestone by becoming the first company to sell energy in the wholesale market under the new P415 regulations. This allows non-energy suppliers to participate as Virtual Trading Parties (VTP) in the wholesale energy market.
This development creates a new revenue stream while benefiting customers who charge their electric vehicles and helping stabilize the UK's energy grid.
Electric vehicle charger mounted on wall
Understanding Energy Flex
Wholesale electricity prices fluctuate based on demand patterns:
- Peak times (e.g., 6 PM): Higher prices due to increased household activity
- Off-peak times (e.g., 2 AM): Lower prices due to reduced demand
- Weather conditions also impact prices (wind power availability affects costs)
Benefits of Smart Charging:
- EV chargers can pause during peak demand
- Charging shifts to greener, off-peak times
- Customers receive rewards for participation
- Supports UK's Net Zero targets
- Enables more renewable energy usage
- Reduces costs for grid partners
Pod Point's Impact:
- Network of over 250,000 EV chargers in the UK
- Largest Energy Flex enabled chargepoint network
- Creates sustainable recurring revenue
- Provides significant scale and relevance to the Grid
- Demonstrates leadership in Energy Flex implementation
According to CEO Melanie Lane, this development marks a crucial step in Pod Point's Energy Flex strategy, positioning the company at the forefront of this emerging market while building recurring revenues for the Group.
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