Changes in charging prices
1 September 2022
As the energy prices across Europe are still rising, we must raise prices to continue running a sustainable business so we can continue to cover our operating costs and ensure we are able to keep investing our capital in the expansion of the infrastructure needed to provide freedom for EV drivers. We have been watching the market developments closely and had to come to the conclusion that a new price increase as of September 1st is unavoidable.
Fastned only uses power from solar and wind. However, our electricity prices are based on the total mix of sources, with electricity from gas being a large part and driving the recent price increase. This is the result of how energy markets are currently set up and regulated.
Fastned’s mission is to give freedom to electric drivers, and to accelerate the transition to sustainable mobility. This means that we offer the best possible charging prices to our customers while ensuring that our stations continue having an uptime of 99%, our customers receive great 24/7 service, and our chargers are constantly upgraded whenever appropriate. Additionally, it is paramount for the energy transition that the network of fast charging stations continues to grow. Fastned is committed to continue playing our part, with a goal of building a network of a thousand fast charging stations in Europe by 2030.
The decision to raise our prices was a hard one to take, as we understand the impact it has on our customers. We reconsider our prices on a monthly basis and we will increase them when necessary and lower them when possible. We want to be transparent about our pricing and make sure our customers know upfront what our prices are. You can find our latest prices in our app, on the charger screens and on our website.
Fastned has been developing fast charging infrastructure for electric vehicles across Europe since 2012. Fastned’s mission is to accelerate the transition to sustainable mobility by giving freedom to electric drivers. Based in Amsterdam, the company has built 211 fast charging stations in the Netherlands, Germany, UK, Belgium, France and Switzerland. The company specialises in developing and operating fast charging infrastructure where drivers can charge their electric vehicle with up to 300 km of range in 15 minutes before continuing their journey. Fastned is listed on Euronext Amsterdam (ticker AMS: FAST).