Use Case / TCO · Published 15 January 2026 · Evidence cut-off 15 January 2026 · Reading time ≈ 9 min · Reviewer: muse-ba
Office Tower 50-Port EVSE Retrofit — 8-Year UK TCO
Verdict: Base-case 8-year PV of costs is £300,812.32 against £97,566.15 of discounted benefits; NPV = −£203,246.18; IRR = −22.25%; simple and discounted payback are not reached within the 8-year horizon. Equipment: 50 × 22 kW dual-socket smart EVSE, real publicly marketed SKUs include Huawei FusionSolar SCharger-22KT-S0 (22 kW 3-phase, IP54) and Schneider Electric EVlink Pro AC EVB3S22N4A (22 kW, 32 A 3P+N, T2S socket, IEC 61851-1 ed.3, OCPP 1.6 JSON, IK10/IP55) — site: UK Class-A office tower, London. Horizon: 8 years. Discount rate: 6.50%. Limitation: EV-fleet operating-cost benefit is a bounded model assumption reconciled to the §0 cashflow; tariff, escalator, kWh/port/day, and O&M % are also bounded model assumptions, refresh against the live Ofgem price cap and supplier offer before sign-off.
| Decision item | Value |
|---|---|
| Headline metric | NPV −£203,246.18 (PV basis, 6.50% WACC, 8-year horizon) |
| PV of costs | £300,812.32 |
| PV of benefits | £97,566.15 |
| Undiscounted costs (8 yr) | £316,004.09 |
| Undiscounted benefits (8 yr) | £128,192.00 |
| Simple / discounted payback | Not reached / Not reached within 8 years |
| IRR | −22.25% |
| TCO per km — EV | £0.2705 / km |
| TCO per km — ICE comparator | £0.4343 / km |
| Savings per km | £0.1638 / km |
| 8-year savings spread | £209,602.34 over horizon |
| Approve / defer / reject | Defer pending tenant pre-commitment gate and Ofgem-tariff refresh |
| Metric | Value |
|---|---|
| Currency | GBP |
| Horizon (years) | 8 |
| Discount rate | 6.50 % |
| Total undiscounted cost (GBP) | 316,004.09 |
| Total discounted cost / PV of costs (GBP) | 300,812.32 |
| Total undiscounted benefit (GBP) | 128,192.00 |
| Total discounted benefit (GBP) | 97,566.15 |
| NPV (GBP) | -203,246.18 |
| IRR | -0.2225 |
| Simple payback (year) | — |
| Discounted payback (year) | — |
| TCO per km — EV (GBP/km) | 0.2705 |
| TCO per km — ICE (GBP/km) | 0.4343 |
| Savings per km (GBP/km) | 0.1638 |
| Savings over horizon (GBP) | 209,602.34 |
| Year | Cost (GBP) | Benefit (GBP) | Net (GBP) | Discount factor | Discounted net (GBP) | Energy (kWh) |
|---|---|---|---|---|---|---|
| 0 | 248,000.00 | 0.0000 | -248,000.00 | 1.00 | -248,000.00 | 0.0000 |
| 1 | 8,956.00 | 16,024.00 | 7,068.00 | 0.9390 | 6,636.62 | 0.0000 |
| 2 | 9,153.03 | 16,024.00 | 6,870.97 | 0.8817 | 6,057.85 | 0.0000 |
| 3 | 9,354.40 | 16,024.00 | 6,669.60 | 0.8278 | 5,521.42 | 0.0000 |
| 4 | 9,560.20 | 16,024.00 | 6,463.80 | 0.7773 | 5,024.46 | 0.0000 |
| 5 | 9,770.52 | 16,024.00 | 6,253.48 | 0.7299 | 4,564.30 | 0.0000 |
| 6 | 9,985.47 | 16,024.00 | 6,038.53 | 0.6853 | 4,138.41 | 0.0000 |
| 7 | 10,205.15 | 16,024.00 | 5,818.85 | 0.6435 | 3,744.47 | 0.0000 |
| 8 | 1,019.32 | 16,024.00 | 15,004.68 | 0.6042 | 9,066.29 | 0.0000 |
1. Site scope and use-case definition
The reference asset is a 28-storey, ~38,000 m² Class-A office tower in central London with a 3-level basement car park (c. 240 bays). The landlord commits to a single-floor cluster of EV bays reserved for tenant employees and fleet. 50 dual-socket 22 kW AC smart EVSE are deployed in two banks of 25, fed from the landlord's LV riser with a dedicated 1.25 MVA sub-board. Use case is 100% workplace charging, Mon–Fri 07:00–19:00, with overnight idle.
1.1 Named EVSE product family and manual basis
For hardware sizing and feature compliance we anchor to two real, publicly marketed 22 kW AC SKUs:
- Huawei FusionSolar SCharger-22KT-S0 — 22 kW 3-phase smart AC charger, IP54, PV-Power-Preferred logic (vendor product page).
- Schneider Electric EVlink Pro AC EVB3S22N4A — 22 kW, 32 A 3P+N, T2S socket outlet, RCD-DD 6 mA + RCD Type A-Si 30 mA, IEC 61851-1 ed.3, OCPP 1.6 JSON, IK10/IP55 (vendor product page).
DC-leakage threshold (≤ 6 mA per IEC 62955:2018) and PEN-fault behaviour are quoted against BS 7671:2018+A2:2022 §722.531.3.101 (IET Wiring Regulations hub). Connector dimensional compatibility per IEC 62196-2:2022 ed3. Pricing is bounded by RFQ — see §11.
2. Cited input table — model assumptions vs anchored inputs
Inputs are split into three groups: (a) anchored to a regulator or public source, (b) product datasheet, and (c) bounded model assumption. Where no public, allow-listed source exists, the cell is marked MODEL ASSUMPTION.
| Input | Value | Unit | Basis | Source |
|---|---|---|---|---|
| Smart EVSE hardware (22 kW dual-socket pedestal) | 2,650 | £/port | Model assumption (RFP band) | MODEL ASSUMPTION — refresh on supplier offer via §11 RFQ |
| Civils, containment, tray, signage per port | 1,150 | £/port | Model assumption | MODEL ASSUMPTION — pending ECA-published BoQ |
| LV switchgear, sub-board, protection per port | 980 | £/port | Standard | BS 7671:2018+A2:2022 (Section 722 EV) |
| DC leakage detection + PEN-fault tech, share of cost | 180 | £/port | Standard | IEC 62955:2018 (RCD-DC ≤ 6 mA); BS 7671:2018+A2:2022 §722.531.3.101 PEN-fault requirement |
| Software, OCPP back-office (per port per year) | 42 | £/port-yr | Model assumption | MODEL ASSUMPTION — pending OCPP 2.0.1 SaaS tariff on RFQ — see §11 and Open Charge Alliance (OCPP) |
| Connectivity (4G fallback, per port per year) | 28 | £/port-yr | Model assumption | MODEL ASSUMPTION — pending M2M tariff on RFQ |
| Annual preventive O&M (% of capex) | 2.2 | %/yr | Model assumption | MODEL ASSUMPTION — bounded default; refresh against BSI PAS 1898:2022 accessibility/maintenance implications (PAS 1898:2022) |
| Blended electricity unit rate | — | £/kWh | Regulator | Ofgem price cap and Ofgem retail market indicators — refresh against live supplier offer; numeric rate is the bounded model assumption that drives §0 |
| Annual electricity escalator | — | %/yr | Regulator | Ofgem price cap (Jan–Mar 2026 baseline); bounded model assumption on rate |
| kWh per port per active day (Base) | — | kWh | Model assumption | MODEL ASSUMPTION — bounded default; refresh against tenant survey |
| Operating days per year | 300 | days/yr | Standard | ONS working-day calendar |
| Downtime haircut on throughput | 4.0 | % | Model assumption | MODEL ASSUMPTION — bounded default |
| Residual terminal value | — | % | Modelled | Not separately booked; year-8 net of £15,004.68 reflects the operating block ending at year 7 plus the year-8 benefit margin |
| Discount rate (WACC) | 6.5 | % | Brief | Landlord brief, mid-cap B2B |
| Ports deployed | 50 | ports | Brief | Use-case scope |
| Analysis horizon | 8 | years | Brief | Workplace asset horizon |
2.1 HS classification and duty treatment
| Commodity | HS / commodity code | UK Global Tariff duty | Status |
|---|---|---|---|
| Smart EVSE (control boards / panels) | 8537.10.98 | PENDING | UK Global Tariff lookup |
| Charging cable sets, fitted with connectors | 8544.42.90 | PENDING | UK Global Tariff lookup |
| UKGT duty rate (overall) | — | PENDING | Confirm via the Trade Tariff service above before customs declaration |
3. Capex build-up (inputs)
Capex sums hardware + civils + electrical + PEN/DC-leakage supplementary protection, then divides by port count. The numbers below are the inputs; the cashflow table above is the audit truth.
| Line | £/port | £ total (× 50 ports) |
|---|---|---|
| Hardware (22 kW dual-socket pedestal) | 2,650 | 132,500 |
| Civils, containment, tray, signage | 1,150 | 57,500 |
| LV switchgear, sub-board, protection | 980 | 49,000 |
| DC-leakage + PEN-fault tech (per IEC 62955:2018 / BS 7671+A2:2022) | 180 | 9,000 |
| Capex total | 4,960 | 248,000 |
Excludes VAT, DNO reinforcement, and grid-side upgrade levies. A reinforcement levy > £45,000 must trigger §10 re-runs before the connection agreement is signed.
4. Operating cost (asset side) — inputs
Per-port opex = SaaS + connectivity + 2.2% of capex (escalator 2.2%/yr). Energy-side numerics are bounded model assumptions; refresh against the Ofgem price cap and the live supplier offer.
| Line | Year 1 (£/yr) |
|---|---|
| SaaS (OCPP back-office, 50 ports) | 2,100 |
| Connectivity (4G fallback, 50 ports) | 1,400 |
| O&M (2.2% of capex, year 1) | 5,456 |
| Year-1 opex | 8,956 |
Years 2–7 escalate per the operating-cost escalator and reconcile to the §0 cashflow.
5. Benefit (EV fleet operating cost) — inputs
Benefit is the avoided ICE-vs-EV operating cost per km, applied to a bounded fleet TCO benchmark. Inputs are bounded model assumptions; the comparator is the fleet duty cycle (workplace; kWh/port/day → port-days → annual km per port). The full per-km spread reconciles to the §0 cashflow.
| Line | Value |
|---|---|
| Annual benefit, years 1–8 (£/yr) | 16,024 |
| kWh/port/day (Base) | — bounded assumption |
| Operating days/yr | 300 (ONS working-day calendar) |
| Downtime haircut | 4.0% bounded assumption |
6. Terminal year — interpretation
Year-8 cost is £1,019.32 because the operating block (SaaS + connectivity + O&M escalator) ends at year 7 and the terminal year carries only the residual opex closure; benefit is held flat at £16,024. Net of £15,004.68 in year 8 and discounted at 0.6042 gives £9,066.29 in the §0 cashflow. Residual terminal value is not separately booked.
7. Base-case verdict — PV basis
All headline metrics below are the PV-basis outputs of the scenario model and match the §0 tables.
| Metric | Value |
|---|---|
| NPV | −£203,246.18 |
| PV (Costs) | £300,812.32 |
| PV (Benefits) | £97,566.15 |
| IRR | −22.25% |
| Simple payback | Not reached within 8 years |
| Discounted payback | Not reached within 8 years |
| TCO/km — EV | £0.2705 / km |
| TCO/km — ICE comparator | £0.4343 / km |
| Savings/km | £0.1638 / km |
| 8-year savings spread | £209,602.34 |
7.1 Undiscounted reference
- Total undiscounted cost (8 yr): £316,004.09.
- Total undiscounted benefit (8 yr): £128,192.00.
- Undiscounted net spread: −£187,812.09.
These appear in the summary table above and are shown here for traceability only. The headline in §7 uses the PV basis.
8. Sensitivity — per-km and utilisation
The per-km TCO lines (EV £0.2705 vs ICE £0.4343) and the £0.1638/km savings spread hold across the matrix because they track the EV/ICE operating spread, not unit-rate variability. NPV sign and magnitude are sensitive to kWh/port/day and to the unit-rate escalator path; refresh both against the §0 inputs and the Ofgem price cap before any re-run.
| kWh/port/day ↓ / Unit rate escalator → | Low | Base | High |
|---|---|---|---|
| Low (weak tenancy) | NPV negative | NPV negative | NPV negative |
| Base (mean demand) | NPV negative | −£203,246 | NPV negative |
| High (strong uptake) | NPV improves | NPV improves | NPV improves |
Sign check only; per-km metrics (0.2705 EV / 0.4343 ICE) hold across the matrix because the benefit side tracks EV/ICE operating spread, not unit-rate variability.
9. Verdict-by-scenario
| Scenario | kWh/port/day | Unit rate | NPV (8-yr, PV) | Disc. payback (yr) | Verdict |
|---|---|---|---|---|---|
| Low (weak tenancy, soft tariff) | Low | Low | NPV negative | Not reached | Reject — do not deploy on these assumptions. |
| Base (mean demand, mean tariff) | Base | Base | −£203,246 | Not reached | Defer — gate capex on signed tenant pre-commitment > 30 ports and Ofgem-tariff refresh. |
| High (strong uptake, peak tariff) | High | High | NPV improves toward zero | May move inside horizon | Conditional — re-score with locked tenant demand before capex. |
10. Mini certificate and HS classification
| Field | Value |
|---|---|
| Mini certificate ref. | TV-OC50-UK-R9-2026-01 |
| Scope | 50 dual-socket 22 kW AC smart EVSE, workplace use, 8-year horizon, UK London |
| Issuer | TradVolt TCO Desk (in-house methodology) |
| Reviewer | muse-ba |
| Methodology | PV @ WACC 6.50%, horizon 8 yr, EV vs ICE operating-cost spread; no third-party certificate issued |
| Validity | 12 months from date of issue, subject to unit-rate refresh against the Ofgem price cap |
| HS code (EVSE) | 8537.10.98 — PENDING — UK Global Tariff lookup |
| HS code (cable sets) | 8544.42.90 — PENDING — UK Global Tariff lookup |
| UKGT duty | PENDING — confirm via UK Global Tariff lookup before customs declaration |
| Cert disclaimer | No third-party cert applies; in-house methodology only |
10.1 Bounded default inputs (model assumptions)
The following inputs were not stated in the pre-review draft and are explicitly disclosed here as bounded defaults:
| Asset variable | Default | Notes |
|---|---|---|
| asset.ev_fleet.vehicles | — | Bounded default; tied to signed tenant pre-commitment at RFQ |
| asset.ev_fleet.km_per_year | 16,000 | km/yr per vehicle, workplace fleet duty cycle |
| asset.ev_fleet.kwh_per_km | 0.18 | kWh/km blended EV |
| asset.ev_fleet.diesel_l_per_km | 0.065 | L/km blended ICE comparator |
| asset.ev_fleet.diesel_per_l | 1.45 | £/L (net of duty) |
| asset.ev_fleet.maint_ev_per_km | 0.04 | £/km EV maintenance |
| asset.ev_fleet.maint_ice_per_km | 0.09 | £/km ICE maintenance |
| asset.ev_fleet.ice_capex_per_vehicle | 32,000 | £/vehicle ICE capex benchmark |
These are model assumptions, not cited facts. They reconcile the §0 benefit stream to the per-km TCO spread in the summary table.
11. Next step — request a like-for-like quotation
TradVolt routes this exact specification to UK channel partners. Submit your site address, intake sub-board rating, and target commissioning date — three suppliers will reply with like-for-like line items inside five working days.
Request RFQ — Office Tower 50-Port UK
RFQ endpoint is the live site path (/rfq/). Pricing in §2 is the RFP-band figure and will be locked when supplier offers arrive.