Virginia utility Dominion Virginia Power has begun a pilot program that will allow EV owners to charge their batteries for half the cost as long as they do it overnight.
The utility says that at off-peak rates, enough battery power for a 40-mile commute costs $0.86, but for the 750 EV owners who are part of the program, that cost will be lowered to $0.35. The customers will use a specific charger installed for the program.
The utility may also offer the participants a lower rate for all of their off-peak electricity if they agree to pay a variable rate for charging overnight — somewhere between $0.33 and $0.41 for a 40-mile charge.
It’s obvious how the program benefits EV drivers, but a scheme like this helps the utility too. By encouraging overnight EV charging, they are reducing their load fluctuations during peak hours, which can save them money as well.
Reposted from ecogeek.org