Compare EV Electricity Plans Background

Compare EV Electricity Plans

Looking for a power plan to accommodate your electric vehicle (EV) charging needs? We compare plans from electricity providers that offer dedicated EV power plans to help you find whether there’s greater value to be had from your plan.

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Utilities Editor
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What is an EV electricity plan?


An EV electricity plan is a tariff that has been designed with the charging habits of electric vehicle owners in mind. These kinds of plans typically offer either bill credits or designated charging periods with lower usage rates, to help EV owners offset the additional electricity costs associated with charging their vehicle at home. These kinds of plans are still relatively new in the market so only a few providers currently provide them, although this list looks to be growing.

Which providers offer EV electricity plans?

Is it worth signing up to an EV dedicated power plan?


Switching to a dedicated EV power plan will definitely come with its perks for EV owners. Whether it be through the bill credits awarded or the cheaper charging periods set, there is the potential for EV owners to save on energy costs if they take advantage of these kinds of plans.

The biggest savings will come to those that take all the necessary steps to meet the requirements of the plan, e.g. shifting their charging schedule to align with the times of the tariff. EV owners that aren’t comfortable or in a position to do this, may find greater value from another kind of plan. It’s also important to note that, though you may be charged cheaper rates during ‘charging times’, these plans may offer rates that are slightly higher than those available on normal market contracts outside of these times. This means you could be charged more for your day-to-day energy usage.

 

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About our electricity experts


TaraTara Donnelly: Utilities Editor

As Canstar Blue’s Utilities Editor, Tara Donnelly covers the internet, mobile and energy sectors – topics she’s spent a decade focused on, alongside consumer technology, within the comparison industry. Her telco expertise has seen her appear in national media including 9 News, 7 News, Sunrise, the ABC and The Sydney Morning Herald. You can follow Tara on LinkedIn and Twitter.

Meet the Editorial Team

 

 

Breanna Gream

Breanna Gream: Data Insights Team Lead

Breanna Gream is Canstar’s Data Insights Team Lead, and is responsible for developing the methodology and delivering Canstar Blue’s Value Ranking for the energy and telco sectors. She holds a dual degree in Business and Mathematics from the Queensland University of Technology, and enjoys using her skills to help consumers find more suitable utilities plans. Connect with Breanna on LinkedIn.

Meet the Research Team

 

FAQs about EV Electricity Plans

The cost of charging an electric vehicle will fluctuate depending on personal circumstance, however you can generally expect this to cost less than what it would to refill a petrol car. This is because you’ll be charged per kilowatt hour (kWh) of electricity as opposed to per litre of fuel to replenish the supply for the vehicle. According to some of our previous estimates, in some cases, EV owners may only pay a quarter to a third of their original petrol costs to charge their EV.

No, it is not mandatory to be on an EV power plan whilst owning an EV. Rather, these plans are offered as an alternative for customers with these kinds of vehicles who may wish to maximise on additional bill support to help them offset the cost of charging their EV at home.

Almost all EV electricity plans will require customers to have a smart meter installed at their property. This is because many of these plans operate on a similar tariff to that of time of use, with different times charging different rates. A traditional meter is unable to differentiate these time changes in the billing process.

Generally, EV plans appear to be cheaper than normal market electricity offers, however, whether these plans will actually save EV owners on their bills will depend on how they use their energy. If the EV owner isn’t shifting their usage to make the charging times work in their favour, or meeting the requirements of the bill credits or discounts, then they may find their EV plan to be on par with – or potentially more expensive than – an ordinary market offer.