The Florida Public Service Commission has approved Duke Energy Florida’s latest rate settlement agreement, which includes plans for a new multi-part EV initiative that the Southern Alliance for Clean Energy calls “the largest electric transportation program in the state’s history.”
Duke secured approval for a $7-million EVSE pilot called Park and Plug in 2017. The new program has a far larger budget: $62.9 million over the four-year period 2022-2025.
The investment will fund three separate new EV programs:
- Residential EV Non-Time of Use credit program. Participating residential customers will be eligible for a $10 monthly credit for charging at off-peak times (no more than 2 charging sessions per month during on-peak hours).
- Rebate program for Commercial and Industrial customer charging stations. Rebate amounts will vary depending on the segment in which an EV charging station is being installed, ranging from $304 for Level 2 multi-unit dwelling (MUD) chargers to $35,600 for fleet-based DC fast chargers.
- Duke-owned DC Fast Charge (DCFC) station program. Duke will install an additional 100 utility-owned DCFC stations similar to those deployed under the 2017 pilot. Duke will be permitted to charge a Fast Charge Fee, based on the average cost for DC fast charging provided by other DCFC operators across Florida.