Frequently Asked Questions The cost of charging with Cosmic

If you are having your own chargers installed in your own parking bay you will incur three different fees;

1) the cost to install your charger - Typically £800-900 + £350 saved by claiming the OZEV grant.

2) a monthly ‘line rental’ fee - typically £30-40 monthly.

3) the cost of the energy you consume billed at the end of the month.

Yes. We integrate with Klarna who offer the opportunity to either defer payment by 30 days or spread the payment out over either 3 or 4 payments.

You’ll find this option when you come to pay in our website checkout.

Your charger comes with a 5 year warranty. If treated nicely then it should last significantly longer than that.

Your monthly Line Rental charge includes the costs to install, maintain and manage the EV infrastructure at your property ongoing. This can include maintenance, standing charges and a whole load of cabling and thinking up front at the start of the project.

Cosmic incur these costs and then recover them back through our ‘Line Rental’ billing model so that members of the community only bear the costs when they start using the infrastructure.

This ensures that projects can proceed without up front contributions for the entire community (which is understandably tricky sometimes).

Your Charger: You pay for your charger upon placement of your order with us via our website. Of course you can use payment options to spread these payments if helpful (see above).

Line Rental: Your line rental charges will commence the moment you attempt to use your charger for the first time and will roll monthly unless cancelled. Be sure to sign a new agreement each year to avoid increased charges.

Energy: The energy you consume is billed once monthly.

The energy markets constantly change for us as they do for everyone else.

We always strive for the best energy rates - our interests are aligned with yours. The cheaper the energy, the more attractive the proposition of driving an EV becomes and the more likely you are to join the Cosmic community.

Our typical rates are currently £0.27-0.31 overnight (7 hours of off peak) and £0.38-042 during the day.

Charging your car is cheaper at night because the energy tariffs are more affordable when demand for power is lower.

This typically works really nicely for our community as most drivers like to charge whilst they snooze.

There are lots of variables here so we must start with a caveat…

We take average driving conditions, drivers, cars, energy and fuel prices and so on to provide you with indicative cost guidance.

If you drive like a loony, barely drive at all, always carry a ton of bricks in the boot and so on (you get the picture) then your costs may stray from the average.

Check out our cost calculator at the bottom of our homepage.