Dynamic pricing is a feature that allows you to set up a smart pricing model on the charge points operated by you. It enables you to sell electricity following the actual market price as it changes throughout the day.
This feature allows you to adjust your pricing model following the electricity price at the exact moment end user starts the charge. Dynamic pricing is build on top of Spot price and can be applied to Public price, Member price, Sponsored price and Cost price.
There are three steps to building a Dynamic price:
The first step is to select a Spot price type of pricing.
This section allows you to customize the dynamic price to your electricity bill. Toggle on to see the options.
Percentage of price which is variable – If your electricity price is a combination of a fixed and spot pricing, you can specify what percent is spot price and add the fixed price in the next section.
Min and Max kWh – Specify what is the lowest and the highest amount per kWh that the driver should pay. If spot price goes beyond these limits, Monta will use the rates you have input here.
You can add any additional pricing from your electricity bill here. The amount can be set per kWh or in %.
Remember to check the calculation on the right side, so you can see how the final price is affected.
There are other ways to add fees on top of the Dynamic price.
Here is a guide on how you can add or create a custom Hourly tariff.
Here is a guide on how creating additional charging fees, which can apply at a different times, during the charge.
