Edgecombe-Martin County EMC Launches EV Rate
Earlier this month, Edgecombe-Martin County EMC began offering a new residential rate to members who own a plug-in-electric vehicle (EV). The new rate schedule has been designed specifically for EV owners who use most of their energy overnight charging their vehicle.
Members who choose the EV rate option will receive a slightly lower rate during off-peak hours and a significant discount during “super off-peak” hours from 10 p.m. to 5 a.m., seven days a week. Energy use during on-peak hours will be more expensive than the standard residential rate.
The co-op is also offering a $200 rebate for members purchasing an electric vehicle.
“Our new EV rate is a great example of how electric cooperatives can embrace beneficial electrification to proactively meet the growing demand for electric vehicles by consumers,” said Edgecombe-Martin County EMC CEO Winston Howell.
“Many manufacturers have indicated they will transition to a fleet of vehicles consisting of more electric vehicles in the near future, and we want to be prepared as the landscape changes,” Howell added.
More information is available on the cooperative’s website.