Georgia Power offers three whole-house rate options for customers with plug-in electric vehicles: standard residential rate, the Nights and Weekends rate and the Plug-In Electric Vehicle rate. By examining all the options, you can make an educated decision and determine the most cost-effective time to charge your vehicle.
- Plug-in Electric Vehicle Rate:
The Plug-in Electric Vehicle rate (PEV) provides a discount on electricity during nighttime hours, 11 p.m. until 7 a.m. With the PEV rate, you can save money on your electric bill just by making simple changes like setting a timer for your vehicle to charge at night and shifting your other electricity usage from weekday summer afternoons. The PEV rate has three different time periods: On-peak, Off-peak and Super Off-peak.
- Super off-peak: The Super off-peak time period is from 11 p.m. to 7 a.m., every day. If you charge your car during these nighttime hours, Georgia Power will pass our lowest prices to you.
- Off-peak: The Off-peak time period represents the majority of hours in the year. It is priced higher than the Super Off-peak time period, but much lower than the On-peak time period.
- On-peak: The On-peak time period—the time when it costs most to produce electricity—is weekdays, June through September, from 2 p.m. to 7 p.m., non-holidays. The PEV prices are higher during the peak period, which represents about 5 percent of the hours in a year. Although more costly, on-peak times also provide an opportunity for you to save. Something as simple as raising the temperature setting on your thermostat during peak times or shifting use of a clothes dryer away from peak times can result in even more savings to your bill.
- Nights and Weekends Rate (TOU-REO):
The Nights and Weekends rate may offer some savings of vehicle charging over the standard residential rate due to an Off-peak time period that spans over the majority of hours in a year. However, it doesn't have the Super Off-peak period found in the Plug-in Electric Vehicle rate that provides an even cheaper price for charging. If you would like to sign up for the Nights and Weekends rate, please call 888-660-5890.
- Standard Residential Rate (R):
If you choose to remain on the standard rate, nothing is required of you. This rate is the best for customers who don't want to pay attention to time periods and want to charge their vehicles at any time throughout the day. However, depending on usage patterns, this rate may not provide the most savings.
While plug-in electric vehicle owners can expect to see an increase in their electricity bill, the increase varies depending on the amount the vehicle is driven and how the vehicle is charged. Because gasoline and diesel prices outweigh that of electricity, you will save money using electricity to power your vehicle. A typical residential customer who charges a vehicle overnight can save around 13 percent annually compared to our standard residential rate. Customers who charge their vehicle overnight will see a cost equivalent to gasoline of approximately 50 cents per gallon.*
*Assumes a typical residential customer uses 12,000 kWh annually and an electric vehicle adds an additional 4,000 kWh annually based on 12,000 miles of driving. The customer uses an average fuel economy of 24 miles per gallon and the costs reflect 2014 electricity rates.
Your vehicle does not require a separate meter to be on any of the rates. The PEV rate is designed for all electricity usage in your home, including the car. Your vehicle will be treated the same as any other device, such as air conditioning or other electronic appliances.
The PEV rate is strictly voluntary, but requires a 12-month commitment. Sign up for the PEV rate.
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