Virginia electric car owners save with new time-of-day charging rate from Appalachian Power
For the first time in Virginia, a time-of-day charging rate will be established for residents who own plug-in electric cars. Appalachian Power (AP) will offer its Virginia customers a discount for charging their vehicles during times when there is a decreased demand for power.
The pilot program was approved for residential Virginia customers by the Virginia State Corporation Commission (SCC) for a minimum of four years.
Under the new rate, customers with typical annual electric car consumption can expect to save $86.50 when they charge their vehicles at home during off-peak hours, such as nighttime. An additional Advanced Metering Infrastructure (AMI) meter will be installed in eligible locations to enable off-peak charging with no changes to the residential rates. According to AP, customers under this option will receive a single bill that includes their residential charges and the rates for car charging.
"This new time-of-day rate is another way we are responding to our customers' changing needs and working toward an innovative future for our industry," said Chris Beam, AP's president and chief operating officer. "It should appeal to the existing owners of plug-in electric cars and potential purchasers who are already our customers in Virginia, as well as encourage others to consider the purchase of an electric car over the traditional gasoline option when making their next buying decision."
AP is a unit of American Electric Power (AEP), which is one of the largest electric companies in the United States. AEP states they are "focused on building a smarter energy infrastructure and delivering new technologies and custom energy solutions to customers."
The company said it expects to have the option available to its Virginia customers before the end of 2019. Detailed information will be provided once sign-up requirements, off-peak details and technical interfaces are finalized.