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Plug & Save is a WirelessCar concept designed for vehicle manufacturers to support electric vehicle (EV) owners. The goal is to minimize costs and environmental impact associated with charging EVs at home by offering daily recommendations regarding optimal charging times. Through Plug & Save, users can conveniently schedule their charging sessions by identifying the most suitable times in the week when to charge their EVs. What makes Plug & Save unique is that the charging advice is not only based on known costs but also forecasted prices. This makes the recommendation even more powerful.
Knowing when prices go up and down each hour is useful for electric vehicle charging. It ensures your car charges in an eco-friendly way, and it helps keep the electricity grid stable. Supported by StormGeo's intelligent electricity price analysis, we predict energy costs and recommend the best times to charge your electric car each day. Understanding this pricing setup allows you to manage your electricity costs. By shifting your charging to times when prices are lower, you can save money. Plug & Save is designed to help you do this in a simple way.
The cost of producing electricity varies depending on the energy source used to generate it. The cheapest option comes from renewable energy sources such as solar and wind while fossil fuels are much more expensive. When the demand for electricity can be met by renewable energy sources, prices tend to be low; when fossil fuel sources are needed to meet demand, prices are higher. This means that in many markets, there is a correlation between price and energy source. Low electricity prices equal renewable energy sources and less climate impact. Good for you, better for the environment!
Plug & Save currently covers electricity regions in Sweden. We are working on expanding our coverage to include more countries and regions, so stay tuned for updates on our service expansion.
Unlike others that focus solely on current or known electricity prices for the coming night, our system looks at the upcoming two nights to advise if it is best to charge tonight or to wait until tomorrow. This boosts recommendation accuracy and increases the potential to save money and the climate. Plus, Plug & Save is working on integrating with electric vehicles, so charging can happen automatically during optimal times. This blend of foresight and integration sets Plug & Save apart in managing electric vehicle charging with maximum convenience.
Our goal is to provide predictions that offer a high degree of accuracy. The accuracy of our predictions is influenced by a myriad of variables, including historical data, current energy market trends, and even weather conditions. While our predictions are designed to be reliable, it's important to note that they can be subject to occasional deviations due to unforeseen circumstances that might impact energy rates or grid demand.
Supported by StormGeo, our predictions are the result of a comprehensive analysis of various factors that influence energy demand and pricing. We consider the energy mix of the specified region, encompassing the sources of energy generation, such as thermal, wind, solar, and more. Fluctuations in energy demand throughout the day, coupled with optimal potential savings, play a role in our prediction algorithms.
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