As the need for more electricity rises, so does the cost to acquire that electricity. Carteret-Craven Electric Cooperative’s Electric Vehicle (EV) Time-of-Use (TOU) rate helps to reduce demand for electricity during peak times of the day by encouraging EV drivers to charge their vehicles when electricity costs less. This reduction in peak energy use helps keep the overall cost of electricity down for the entire co-op, and CCEC can pass those savings on to you, co-op members.
From 10 p.m. to 5 a.m. members on this rate can charge their electric vehicles for 3.57¢ per kWh. The average EV owner that travels 40 miles each day, can charge their EV for less than .82¢ per day on this rate. Your actual savings on the EV TOU rate will be based on how committed you are to shifting your EV charging to super off-peak times.
EV TOU CHARGES
On-Peak Demand Charges:
Maximum On-Peak kW $11.84/kW
TOU Energy Charge:
All On/Off-peak kilowatt hours (kWhs) 4.68¢/kWh*
All Super Off-Peak kilowatt hours (kWhs) 3.57¢/kWh*
The minimum monthly charge under this schedule will be $30.00 for single-phase service and $57.30 for three-phase service, unless specified otherwise in a service agreement between CCEC and the member.
This billing option is not for everyone. It is ideal for those who can avoid charging their EV and using high wattage appliances during on-peak hours. This includes stoves, dishwashers and clothes dryers. Automating your water heater with a timer and your HVAC system with a programmable thermostat to limit how much these systems run during peak hours are also helpful if you choose this billing option.
To apply for the rate, give us a call at 252.247.3107. You are not required to sign up for the new rate; it is simply a new billing option available to CCEC members interested in reducing energy costs by charging their EV during off-peak times.
*Compared to our standard residential energy charges of 9.98¢/kWh June-Oct; and 9.01¢/ per kWh November-May.