New Electric Vehicle Time-of-Use Rate
Trico is proud to offer a new voluntary Electric Vehicle Time-of-Use Rate (EV TOU Rate) for eligible Trico Members who own electric vehicles (EVs). This rate is designed to help meet the growing demand for EVs among Trico Members, reduce strain on the system during peak hours, and lower costs for Trico’s overall membership.
Trico Members who sign up for the EV TOU Rate will receive a 45 percent rate reduction when charging their EVs between the hours of 10:00 p.m. and 5:00 a.m. up to 400 kWh of energy. This experimental rate is available to the first 1,000 Trico Members who sign up. By offering this rate, Trico will be better able to understand Members’ EV usage and determine how many EVs are in Trico’s service area. This information will then help develop future EV programs at Trico as we work to better serve EV demand and Members’ needs.
As a not-for-profit cooperative, Trico’s focus is on meeting the needs of all Members and putting Members’ interests first. By encouraging Members with EVs to charge during non-peak hours when energy supplies are high and costs are low, Trico can control costs and efficiently use the entire system, which benefits all Members, even those who do not own EVs.
“EVs offer a significant opportunity for electric cooperatives, and Trico has been planning for an increase in EV adoption. Trico is committed to providing its Members with sustainable and cost-effective energy solutions, and that means our EV strategy starts with our Members,” said Brian Heithoff, Trico CEO and General Manager.
To learn more about the EV TOU Rate and for additional EV information, visit www.trico.coop/electric-vehicles.