Utility EV Time of Use rates

Utility EV Time of Use rates

Posted 02-2-2017 in Reviews by Christopher

Utility customers who drive an electric vehicle may be able to sign up for an Electric Vehicle Time-of-Use (EV-TOU) rate and receive lower rates for charging their vehicle during off-peak hours. Off peak is typically between midnight and 6 A.M, although the window varies by utility.  EV-TOU rates encourage customers to minimize daytime usage of electricity, when demand for electricity is highest. All modern EVs allow timers to be set so that charge start and stop times are completely automated. You plug your car in when you get home, and it automatically starts charging at midnight or whatever time you set. Charging during super-off-peak window ensures that you will pay the lowest rate possible to charge your car, which at the time of this writing is $0.16 per kWh. That's about five cents per mile, the equivalent of paying $1.25 per gallon of gas for a 25 mpg car. 

 

 

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