We offer two rates designed specifically for electric vehicles:
Our Residential Time of Use Rate is a similar option that offers additional time parameters. A time of day rate means that your kWh cost will differ depending on the time of the day electricity is used. If you can shift your electricity use to low-cost evening, early morning and/or weekend periods, you may benefit from these rates.
Our Experimental Residential Plug-in Electrical Vehicle Rate is generally used with your existing smart meter and applies to all your electric use (household and PEV). Reduced “off peak rates” incentivize customers to charge their vehicle during off peak hours.
Please note that neither of the above options requires you to install a 240v charging station.
If you have a plug-in vehicle, you are eligible for PEV rates. Please note that if you are currently on another rate option there may be a 12 month commitment period which must be met prior to switching to a new rate.
A separate meter makes it easier to track the energy cost for charging your vehicle. However, there are costs involved in installing a second meter and adding a circuit panel to power the charging station.
Simply driving an electric vehicle offers countless benefits for your wallet, the grid and the environment. To get even more, consider these options:
Sign up for time of use rate options to benefit from off peak charging.
At this time, there are no utility, state or federal incentives for public charging stations. However, in mid 2019 we will launch a new program called PowerMIDrive which will offer rebates for charging stations to both residential and business customers.
We can only work on the utility side of the meter, providing the necessary service to your home. A licensed electrician should be consulted to install a charging station.
Battery Electric Vehicles use only electricity to power the vehicle. All the electricity comes from an electric charging source and regenerative braking (using the vehicle’s kinetic energy to recharge the battery). Examples of BEVs include the Chevrolet Bolt, Nissan Leaf and any of the Tesla models. There are many different BEV choices coming to market over the next few years.
Plug-in Hybrid Electric Vehicles use both gasoline and electricity. These vehicles have two power systems, an internal combustion engine and a battery. The battery can be recharged by plugging the vehicle into an external source. It also gains some charge through regenerative braking. Although vehicle technologies vary, PHEVS are charged by plugging in and through regenerative braking. Examples of PHEVs include the Chevrolet Volt, Ford Fusion Energi and Toyota Prius Prime.
Hybrid Electric Vehicles combine conventional internal combustion engine systems with electric propulsion systems. They use regenerative braking to convert energy that is normally wasted during braking/coasting into electricity. This electricity is stored in a battery until it’s needed by the electric motor. Examples of HEVs on the market today include the Ford Fusion, Chevrolet Malibu and Buick LaCrosse.
Call us at 877-904-9246.