Australian electric utility AGL Energy has announced plans to offer its electricity customers an “all you can eat” EV charging service.

“If you have an electric car and you have an AGL smart meter…you can get energy for that car, as much as you want, 24 hours a day, for a dollar,” said AGL CEO Andy Vesey (via RenewEconomy). He did not specify how the pricing will actually work (Is it a dollar per calendar day, or a dollar for each day on which a user charges an EV?), but said that the details will be revealed when the service is launched on November 1.

Vesey presented the deal as a way for big utilities to engage with new technologies that threaten to disrupt their business models. Encouraging increased consumption of electricity is a good thing, because “we have a national energy market that is overbuilt…supply way exceeds demand.”

“The nonsense of the utility death spiral and everybody getting off the grid makes no sense,” said Vesey. “It’s a much more expensive, less efficient outcome than this marvelous machine we have called the network. The bigger the network, the greater the efficiency.”

Source: RenewEconomy