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 itemValue
Headline metricNPV −£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 paybackNot 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 / rejectDefer pending tenant pre-commitment gate and Ofgem-tariff refresh
TCO summary
MetricValue
CurrencyGBP
Horizon (years)8
Discount rate6.50 %
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-by-year cash flow
YearCost (GBP)Benefit (GBP)Net (GBP)Discount factorDiscounted net (GBP)Energy (kWh)
0248,000.000.0000-248,000.001.00-248,000.000.0000
18,956.0016,024.007,068.000.93906,636.620.0000
29,153.0316,024.006,870.970.88176,057.850.0000
39,354.4016,024.006,669.600.82785,521.420.0000
49,560.2016,024.006,463.800.77735,024.460.0000
59,770.5216,024.006,253.480.72994,564.300.0000
69,985.4716,024.006,038.530.68534,138.410.0000
710,205.1516,024.005,818.850.64353,744.470.0000
81,019.3216,024.0015,004.680.60429,066.290.0000
Reading the table. Year 0 holds capex (£248,000). Years 1–7 carry the operating-cost stream (£8,956 → £10,205). Year 8 cost line drops to £1,019.32 because the operating block ends at year 7 and only the year-8 net benefit margin (£16,024 − £1,019.32 = £15,004.68) is booked in the terminal year, with no separate residual recovery on the cost side. The "Energy (kWh)" column is set to zero because kWh throughput is rolled into the £ benefit line for fleet operating savings in this scenario. The headline is PV for scoring against the landlord's 6.50% WACC; undiscounted totals are shown in the summary for reference only.

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:

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.

InputValueUnitBasisSource
Smart EVSE hardware (22 kW dual-socket pedestal)2,650£/portModel assumption (RFP band)MODEL ASSUMPTION — refresh on supplier offer via §11 RFQ
Civils, containment, tray, signage per port1,150£/portModel assumptionMODEL ASSUMPTION — pending ECA-published BoQ
LV switchgear, sub-board, protection per port980£/portStandardBS 7671:2018+A2:2022 (Section 722 EV)
DC leakage detection + PEN-fault tech, share of cost180£/portStandardIEC 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-yrModel assumptionMODEL 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-yrModel assumptionMODEL ASSUMPTION — pending M2M tariff on RFQ
Annual preventive O&M (% of capex)2.2%/yrModel assumptionMODEL ASSUMPTION — bounded default; refresh against BSI PAS 1898:2022 accessibility/maintenance implications (PAS 1898:2022)
Blended electricity unit rate—£/kWhRegulatorOfgem 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—%/yrRegulatorOfgem price cap (Jan–Mar 2026 baseline); bounded model assumption on rate
kWh per port per active day (Base)—kWhModel assumptionMODEL ASSUMPTION — bounded default; refresh against tenant survey
Operating days per year300days/yrStandardONS working-day calendar
Downtime haircut on throughput4.0%Model assumptionMODEL ASSUMPTION — bounded default
Residual terminal value—%ModelledNot 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%BriefLandlord brief, mid-cap B2B
Ports deployed50portsBriefUse-case scope
Analysis horizon8yearsBriefWorkplace asset horizon
Sources on the headline-driving rows. Ofgem price cap (electricity unit rate and escalator refresh), ONS working-day calendar (operating days), and the BS 7671 / IEC 62955 / IEC 61851-1 / IEC 62196-2 wiring-protection block on the capex lines are the allow-listed sources that gate the headline outputs. Tariff and escalator numerics remain bounded model assumptions until the live supplier offer is locked.

2.1 HS classification and duty treatment

CommodityHS / commodity codeUK Global Tariff dutyStatus
Smart EVSE (control boards / panels)8537.10.98PENDINGUK Global Tariff lookup
Charging cable sets, fitted with connectors8544.42.90PENDINGUK Global Tariff lookup
UKGT duty rate (overall)—PENDINGConfirm 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)2,650132,500
Civils, containment, tray, signage1,15057,500
LV switchgear, sub-board, protection98049,000
DC-leakage + PEN-fault tech (per IEC 62955:2018 / BS 7671+A2:2022)1809,000
Capex total4,960248,000

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.

LineYear 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 opex8,956

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.

LineValue
Annual benefit, years 1–8 (£/yr)16,024
kWh/port/day (Base)— bounded assumption
Operating days/yr300 (ONS working-day calendar)
Downtime haircut4.0% 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.

MetricValue
NPV−£203,246.18
PV (Costs)£300,812.32
PV (Benefits)£97,566.15
IRR−22.25%
Simple paybackNot reached within 8 years
Discounted paybackNot 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
Headline (Base, PV): NPV −£203,246.18; simple and discounted payback not reached within 8 years. Defer capex pending a tenant pre-commitment gate and a refreshed electricity-rate and escalator lookup against the Ofgem price cap and the live supplier offer. Do not sign the DNO connection agreement before the §10 reinforcement-levy gate clears.

7.1 Undiscounted reference

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 →LowBaseHigh
Low (weak tenancy)NPV negativeNPV negativeNPV negative
Base (mean demand)NPV negative−£203,246NPV negative
High (strong uptake)NPV improvesNPV improvesNPV 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

ScenariokWh/port/dayUnit rateNPV (8-yr, PV)Disc. payback (yr)Verdict
Low (weak tenancy, soft tariff)LowLowNPV negativeNot reachedReject — do not deploy on these assumptions.
Base (mean demand, mean tariff)BaseBase−£203,246Not reachedDefer — gate capex on signed tenant pre-commitment > 30 ports and Ofgem-tariff refresh.
High (strong uptake, peak tariff)HighHighNPV improves toward zeroMay move inside horizonConditional — re-score with locked tenant demand before capex.
Risk gate. If the DNO connection offer returns a reinforcement levy above £45,000, recompute §7 with the levy added to Year-0 capex. Do not sign the connection agreement before that gate is cleared.

10. Mini certificate and HS classification

FieldValue
Mini certificate ref.TV-OC50-UK-R9-2026-01
Scope50 dual-socket 22 kW AC smart EVSE, workplace use, 8-year horizon, UK London
IssuerTradVolt TCO Desk (in-house methodology)
Reviewermuse-ba
MethodologyPV @ WACC 6.50%, horizon 8 yr, EV vs ICE operating-cost spread; no third-party certificate issued
Validity12 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 dutyPENDING — confirm via UK Global Tariff lookup before customs declaration
Cert disclaimerNo 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 variableDefaultNotes
asset.ev_fleet.vehicles—Bounded default; tied to signed tenant pre-commitment at RFQ
asset.ev_fleet.km_per_year16,000km/yr per vehicle, workplace fleet duty cycle
asset.ev_fleet.kwh_per_km0.18kWh/km blended EV
asset.ev_fleet.diesel_l_per_km0.065L/km blended ICE comparator
asset.ev_fleet.diesel_per_l1.45£/L (net of duty)
asset.ev_fleet.maint_ev_per_km0.04£/km EV maintenance
asset.ev_fleet.maint_ice_per_km0.09£/km ICE maintenance
asset.ev_fleet.ice_capex_per_vehicle32,000£/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.