UK charge point operators report energy cost rises to £33,651 per site as oil crisis pushes wholesale prices higher
By Eve
Osprey reported that annual energy costs at one Wolverhampton site jumped from £87 to £33,651, while Fastned said it pays £41,000 yearly to maintain a Hamilton site in South Lanarkshire. The increases, linked to Middle East oil market volatility, have prompted warnings that operators may pass costs on to drivers. The UK aims to install 300,000 public chargers by 2030.
Why it matters
Soaring site energy bills threaten the commercial viability of public charging networks and could force tariff increases that undermine EV adoption. Procurement teams and CPOs must factor volatile wholesale energy exposure into site selection and contract negotiations.
Source
- Original title
- “Electric car drivers risk price hikes as operators face 38,000% surge in energy costs - 'Not sustainable'”
- Published
- 29 March 2026 (date approximate)
- Updated
- 22 September 2026
In this story
- Topic
- Grid & Energy
- Place
- United Kingdom
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