Electric utilities are a key part of the e-mobility revolution, and a growing number of them are getting on board. According to a new study by the Northeast Group, 25 utilities in 14 states currently offer rate structures tailored for EV owners – typically discounts for charging during off-peak hours.
The enlightened energy providers include 8 of the country’s largest 15 utilities. In total, over 21 million US utility customers have access to EV tariffs. In the 14 states with EV tariffs, the average equivalent “price per gallon” is $0.75. The average cost of gasoline in these states is $3.70 a gallon.
Minnesota recently became the first state to require that electric utilities offer EV-friendly rates.
“In the currently shifting landscape, utilities are finding it increasingly important to better engage with their customers. A key part of this is new customer offerings such as electric vehicle tariffs,” said Ben Gardner, President of Northeast Group. “EV owners tend to be more engaged customers and it is critical that utilities are providing them with new rate options for their EVs.”
“EV owners are an increasingly important focus for utilities,” added Gardner. “On average, they consume more electricity, and are more likely to have solar panels installed at their home. EV tariffs that offer overall lower prices while encouraging off-peak charging are a great way to engage these customers.”