New rate tier incentivizes nighttime EV charging

Posted on Jan 05 2022 in Harrison REMC
David Lett

For many years, Harrison REMC has offered members the option of a Time-of-Use rate. Time-of-Use rate plans are based on how much energy you use and when you use it. By shifting some electricity use to times when costs are less and demand is down, you can lower your bill and support a healthier environment.

This year, we are introducing another rate tier to the TOU (Time-of-Use) schedule. Time-of-Use technology helps reduce demand to help the co-op produce electric more reliably and at a lower cost. The rate schedule will have an added “Super Off Peak” time to incentivize electric vehicle (EV) charging at a lower-cost time during the night hours from 11 p.m. to 5 a.m. 

This rate is geared to the trend of EVs as being a more economical transportation source. This is great news because it presents an opportunity for members to partner with the co-op to help lower both member transportation costs and utility peak demand costs.  This can happen if EVs charge during non-peak times. 

Electricity is already half the cost of gasoline, and now when charging on the “Super Off Peak” time, the cost will be roughly 25% to drive with electric. Harrison REMC is always looking for ways to lower costs for members, and we are excited to provide this opportunity. Please contact us if you would like to learn more about this new revised rate to see if it may be a benefit to you.

EV RATES Harrison