New Hampshire Electric Cooperative pioneers off-peak EV charging rate

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New Hampshire Electric Cooperative (NHEC), which serves some 84,000 homes and businesses in 115 communities, has become the first utility in the state to offer discounted off-peak rates to EV drivers.

According to NHEC, the owner of an EV such as the Chevrolet Bolt who drives 16,000 miles a year can save about $20 a month by charging during off-peak times.

NHEC is also offering rebates of up to $1,000 to members who purchase or lease qualified EVs, and rebates of up to $300 to residential members who install Level 2 EV charging stations. The rebates will help offset the cost of installing a second electric meter that records EV charging usage and enables members to take advantage of the off-peak charging rate.

“The auto industry is changing rapidly and we see tremendous potential in the growth of EV ownership,” said Craig Snow, NHEC Vice President of Member Services. “At the same time, it’s important to manage this new source of electric load in ways that benefit co-op members, the regional electric grid and the environment.”

 

Source: New Hampshire Electric Cooperative