The greatest advantage of buying an electric vehicle is the reduced cost if you charge your vehicle at home. With that in mind, having an EV can dramatically increase your household electricity consumption.
This means that it is important to select an electricity plan which allows for the best value EV charging.
The main thing separating different types of electricity plans is the rates they have at different times of the day.
When should you charge an EV?
The best time of the day to charge an electric vehicle is at night. This is because you can get an electricity plan which has cheaper rates for night time.
Ideally, the best plans are those specified as EV or Night Boost smart plans which offer a special rate during the early morning hours which has been further discounted.
Selecting an EV Electricity Plan
The most important things to consider when selecting an electricity plan for your electric vehicle charging needs are:
Best Electricity Plans for Electric Vehicles
Electricity Supplier | Plan | EV Tariff | EV Time |
Pinergy | Lifestyle EV Drive Time | 5.45c per kWh | 2am – 5am |
SSE Airtricity | Smart EV Charge | 8.578c per kWh | 2am – 5am |
Energia | Smart Drive | 8.873c per kWh | 2am – 6am |
Bord Gais | Smart EV Electricity | 9.309c per kWh | 2am – 5am |
Electric Ireland | Home Electric+ Night Boost | 10.519c per kWh | 2am – 4am |
Tariffs listed above are inclusive of 9% VAT
Part of choosing the best plan for an electric vehicle is both the price of the EV tariff and the hours which it is available. A slightly more expensive tariff which is available for an hour longer might be better value if you do a lot of chagrin. If you don’t drive your EV a lot and only need a slight top up, the the lowest rate will be the best option.
Things to Avoid for Home EV Charging
There are several things you should avoid when charging your EV at home or selecting a plan based on EV charging needs.
What else can affect the value of an EV electricity plan?
Beyond looking for the best electricity rates in EV plans, there are other factors which may affect the value which you can get from an electricity plan.
Other Uses for EV Tariffs
The highly discounted EV rate doesn’t only have to be used for charging an electric vehicle. If you have a battery storage system in your home it would be ideal to charge it at night. Charging the battery at night, when prices are cheaper, to use the stored electricity in the day can result in significant savings.