Compare the best-rated EV electricity plans

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.

Is it worth signing up to a dedicated EV electricity plan?

Switching to a dedicated EV electricity plan will definitely have 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 electricity 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.

Why compare EV electricity plans with Canstar Blue?

Providers that offer EV electricity plans

Red Energy RV Saver Plan

Red Energy is offering electric vehicle customers in NSW, VIC, QLD, SA and ACT the ‘Red EV Saver’ plan, which comes with free electricity usage charges between 12pm and 2pm every Saturday and Sunday. EV owners will need to have a smart or interval meter and sign up online to be eligible.

There is no contract term or exit fees and Red Energy has a ‘renewable matching promise’ where for every unit of electricity you buy from them, Snowy Hydro Limited will match it by generating one unit of electricity from a renewable source.

OVO Energy The EV Plan

In New South Wales, South East Queensland, Victoria and South Australia, OVO Energy offers a dedicated electricity plan for EV owners called ‘The EV Plan’. This plan provides customers with free electricity use between 11am and 2pm daily, plus a cheaper electricity rate between the hours of midnight and 6am to help reduce the cost of charging their electric car.

Please note, while customers must own a smart meter in order to access this plan, households can remain on a single rate tariff on certain distribution networks in NSW, VIC, QLD and SA.

ENGIE Energy Night Saver Plan

EV owners in Victoria can get a super off-peak discount of 6c/kWh for charging their EV between 12am and 6am with ENGIE Energy’s EV plan. There are no lock-in contracts or exit fees.

To be eligible, you must have an electric car and a smart meter either already installed or be willing to install one.

Powershop Power Drive Plans

In Victoria, NSW, QLD and SA, Powershop is offering specialised plans for those who own an electric vehicle. In order to be eligible, customers must own a smart meter and move to a time of use tariff, meaning usage charges vary depending on the time of day power is used.

With the Power Drive Day tariff, customers will pay a significantly reduced usage rate for two hours of midday charging each day. If you’re a night charger, the Power Drive plan includes lower charging rates between midnight and 4am.

Momentum Energy EV Does It Plan

Available only in Victoria, Momentum Energy’s EV Does It plan is offered to current electric vehicle owners. It includes lower off-peak rates for customers on a time of use tariff.

EV Does It is a no-contract plan that includes additional benefits, such as a solar feed-in tariff. You will need a smart meter to qualify, and all payments are to be made by direct debit only.

Best EV electricity plans

The quickest way to find out what the best EV plan is in your state is to use the free Canstar Blue tool. You can search by best price, value score or brand satisfaction, depending on which you value more. You can select specific EV plans with the ‘plan features’ button.
Otherwise, we have compiled a list of  available EV plans by state below, listing the cheapest first.

Best EV electricity plan NSW

Currently, Red Energy offers electric vehicle plans to residents in New South Wales. You can see how the retailer’s EV plan compares to its other offers below.