We all know the multiple benefits that an EV brings to us and to the environment, but most people still don’t believe that it also provides economic advantages. It’s easy to think that if we charge our electric car at home, our electricity bill will increase excessively, but not at all!
So how is the nigh rate structured?
The off-peak rate is characterized by having a tariff distinction, where the night period is the most economical of all, so it adapts perfectly to the domestic charge timetable of an electric car.
It usually runs from 12:30am to 7:30am and depending on the energy company it will add more incentives for you as an EV driver such as discounts on home or highway charging points or some free EV miles as credit.
In addition, we should keep in mind that this rate is capable of withstanding powers up to 10kW, which means having slow and semi-fast charges equivalent to modes 1, 2 and 3.
Which benefits does the night rate provide?
One of the best things about electric vehicles is that we can forget to take them to refuel since we can leave them charging at home when arriving from work.
And the best thing about night rate is that we can leave our electric car or electric motorbike programmed to charge automatically during the cheapest night hours.
Just to give you an idea, driving 100km with an electric will only costs you between €0.5 and €1 with this rate because you’ll charge when demand is lowest on the grid. Savings are worthy, right?
And did you know that, by making a good management of energy consumption, you can achieve 70% of total energy consumption during the night period? This would allow you to save more than €60 on our electricity bills!
Reducing your footprint
In this way, when you wake up every morning, you’ll have your electric car fully charged and ready to drive, knowing that you used the cheapest energy. And if you get the right company, you’ll also do it with energy that comes from renewable sources, such as solar or wind. What else can you ask for?
It means you’ll both reduce your energy consumption costs and your well to wheel emissions taking into account renewable energy, so you’ll contribute to no longer worsen air pollution.
🚙 And how can Place to Plug help you?
Offering an end to end solution for the entire EV charging industry, whether if you are an EV driver, a developer, a business or an institution!