Introducing our new electric vehicle (EV) rate
Gas prices have been all over the place this year. We saw record highs in June, and prices seem to jump from one day to the next. But imagine this scenario: What if you could save money on gas for your vehicle just by filling up your tank at a different time of the day? If it was more expensive to buy gas on the way to/from work than it was later in the evening, would you wait to fill up? It might sound crazy, but that’s the idea behind our new electric vehicle rate. Let me explain.
Most of our members pay the same price for each kilowatt-hour (kWh) of electricity they consume, no matter when they use the electricity. But in reality, the cost to generate electricity fluctuates all the time. Our EV rate has higher prices when electricity is most expensive (summer weekdays from 3 to 9 p.m. and winter weekdays from 7 to 10 a.m. and 6 to 9 p.m.), and lower prices when electricity is cheaper (spring, fall, and all weekends and holidays).
But it gets even better! The cheapest time to generate electricity is in the middle of the night, so our EV rate is only about half the normal cost of electricity between 11 p.m. and 5 a.m. all year long. EV owners know that’s the perfect time to charge your vehicle, so the savings can really add up.
We understand that electric vehicles don’t make sense for everyone or every situation. But if you’re interested in paying less for electricity more than 90% of the year, or just want to learn more about how this works, check out our Electric Vehicle Overview page or give us a call.
Jason Clemmons, CEO