Dynamic Pricing
Monta’s DynamicPricing feature allows operators to set their kWh price based on the hour-by-hour price that they’re paying for electricity, and not on a static number.
What is dynamic pricing?
Monta’s spot pricing feature allows operators to set their kWh price based on the hour-by-hour price that they’re paying for electricity, and not on a static number.
Price of a charge = spot-price rate + premium (fixed) AND/OR premium (percentage)
Spot-price rate
The spot price for the area/location of the charge point on an hourly basis based on data from Nord Pool.
Premium (fixed)
The ability to add a fixed premium on top, e.g. delivery costs
Premium (percentage)
The ability to add a percentage premium of the spot price on top, e.g. VAT
Why is dynamic pricing important?
Using spot pricing makes the transaction between provider and customer transparent and fair. In today’s market, it’s not a benefit, it’s a necessity.