Houston electric providers are sweetening their incentives to EV owners as cars rise in popularity
, asked if he wanted to be an early adopter of a plan targeted toward EV users, he signed up.
“I think most EV owners would want in,” said Loewen, who, along with his wife, owns three Teslas. Because most EV drivers charge their cars at night, he said, “what they would want is a rate at midnight that is either free or cheap.”, said as far as he can tell, his plan encourages overnight charging when electricity demand is low and wholesale prices are cheap, similar to retail electricity plans that offer lower rates for nights and weekends.
The offer came as retail electricity providers in Texas are developing more sophisticated plans geared toward owners of electric cars and trucks., on Tuesday. That plan includes technology to help charge a vehicle when the price of electricity is the lowest — and offers customers a $30 monthly discount as part of the plan.
With Octopus, the EV owner downloads the company's app connected to the plan, enters the information for their car and sets the preferences of when and how much they need their car charged. If a customer plugs in at 7 p.m., for instance, and needs to use the car at 8 a.m.
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