Power and Utilities Cost of Service and Rates
Electric Rates for Electric Vehicles
Electric vehicle rates - It is possible to encourage early adoption of EVs with special rate structures and charger rebates. This article shows some actual examples of current utility programs designed around time-of-use charging rates and rebates for electric charging equipment. Consider these as you look to options for your utility or co-op.
Electric Cost of Service Rates and Rates for New Technology - One Utility’s Approach
An electric utility recognized that it needed to increase electric rates after developing its budget for the coming year (also known as a revenue requirement). The utility had not increased rates in 5 years and wanted to take the opportunity to move customer rates towards their cost of service and to incorporate distributed energy resources (DER) and electric vehicle charging into their rate structure.
Here are the steps they took to move to cost of service rates and implement innovative rates for residential, DER, and EV customers.