The Best EV Electricity Plans in Australia

If you’re one of the lucky ones who own an electric car, there’s a good probability you’ve spent more time researching the price and range of different models than how much electricity your charge would use up. And whilst you’re likely to save some dosh by switching from petrol to power socket, we’re here to help you get the best bang for your buck from your power provider by shining some light onto dedicated electric vehicle (EV) tariffs.

How much will it cost to charge my electric car?

We won’t spend much time on this since we’ve already done the math, but electric cars on average will cost significantly less than purchasing petrol. Rather than being charged per litre, you’ll be paying per kilowatt hour (kWh) for however much electricity you use. In our previous estimates, we’ve found that in some cases, you might only pay a quarter to a third of what you were on petrol to a full charge on your EV. On a dedicated electric car plan, this could work out to be even less.

Does every electricity provider offer a plan for electric car owners?

Unfortunately, no. Currently, Australians have just only a few electric car plans to choose from that provide an added benefit for EV drivers. Keep in mind to check the rates attached to these plans before you sign up.

AGL Electric Vehicle Plan

The AGL Electric Vehicle plan again doesn’t rely on a dedicated circuit, rather working just like any other plan – with the added benefit of bill credits. On this plan, you’ll receive up to $240 in bonus credits, applied in $60 installments every three months during your 12-month fixed term contract. This is a fixed rate plan with no lock-in contract and monthly e-billing.

Much like AGL’s other plans, this deal comes with flybuys points on sign up and the option to carbon offset household emissions with the Future Forests program. This plan is available in NSW, QLD, SA and VIC.

Here is AGL’s Electric Vehicle Plan on our database that includes a link to the retailer’s website for further details. This is a product from a referral partner†. These costs are based on the Ausgrid network in Sydney but prices may vary depending on your circumstances. This comparison assumes general energy usage of 3900kWh/year for a residential customer on a single rate tariff. Please use our comparison tool for a specific comparison in your area. Our database may not cover all deals in your area. As always, check all details of any plan directly with the retailer before making a purchase decision.

Here is AGL’s Electric Vehicle Plan on our database that includes a link to the retailer’s website for further details. This is a product from a referral partner†. These costs are based on the Citipower network in Melbourne but prices may vary depending on your circumstances. This comparison assumes general energy usage of 4000kWh/year for a residential customer on a single rate tariff. Please use our comparison tool for a specific comparison in your area. Our database may not cover all deals in your area. As always, check all details of any plan directly with the retailer before making a purchase decision.

Here is AGL’s Electric Vehicle Plan on our database that includes a link to the retailer’s website for further details. This is a product from a referral partner†. These costs are based on the Energex network in Brisbane but prices may vary depending on your circumstances. This comparison assumes general energy usage of 4600kWh/year for a residential customer on a single rate tariff. Please use our comparison tool for a specific comparison in your area. Our database may not cover all deals in your area. As always, check all details of any plan directly with the retailer before making a purchase decision.

Here is AGL’s Electric Vehicle Plan on our database that includes a link to the retailer’s website for further details. This is a product from a referral partner†. These costs are based on the SA Power network in Adelaide but prices may vary depending on your circumstances. This comparison assumes general energy usage of 4000kWh/year for a residential customer on a single rate tariff. Please use our comparison tool for a specific comparison in your area. Our database may not cover all deals in your area. As always, check all details of any plan directly with the retailer before making a purchase decision.

Red Energy EV 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 must have a smart meter or interval meter to sign up to this offer. Customers must sign up online and Victorians can receive a discount for paying bills on time.

Here is Red Energy’s Electric Vehicle Plan on our database that includes a link to the retailer’s website for further details. This is a product from a referral partner†. These costs are based on the Ausgrid network in Sydney but prices may vary depending on your circumstances. This comparison assumes general energy usage of 3900kWh/year for a residential customer on a single rate tariff. Please use our comparison tool for a specific comparison in your area. Our database may not cover all deals in your area. As always, check all details of any plan directly with the retailer before making a purchase decision.

Here is Red Energy’s Electric Vehicle Plan on our database that includes a link to the retailer’s website for further details. This is a product from a referral partner†. These costs are based on the Citipower network in Melbourne but prices may vary depending on your circumstances. This comparison assumes general energy usage of 4000kWh/year for a residential customer on a single rate tariff. Please use our comparison tool for a specific comparison in your area. Our database may not cover all deals in your area. As always, check all details of any plan directly with the retailer before making a purchase decision.

Here is Red Energy’s Electric Vehicle Plan on our database that includes a link to the retailer’s website for further details. This is a product from a referral partner†. These costs are based on the Energex network in Brisbane but prices may vary depending on your circumstances. This comparison assumes general energy usage of 4600kWh/year for a residential customer on a single rate tariff. Please use our comparison tool for a specific comparison in your area. Our database may not cover all deals in your area. As always, check all details of any plan directly with the retailer before making a purchase decision.

Here is Red Energy’s Electric Vehicle Plan on our database that includes a link to the retailer’s website for further details. This is a product from a referral partner†. These costs are based on the SA Power network in Adelaide but prices may vary depending on your circumstances. This comparison assumes general energy usage of 4000 kWh/year for a residential customer on a single rate tariff. Please use our comparison tool for a specific comparison in your area. Our database may not cover all deals in your area. As always, check all details of any plan directly with the retailer before making a purchase decision.

Powershop Super Off-Peak Tariff

In Victoria, NSW and Queensland, Powershop is offering a ‘super off-peak tariff’ 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 ‘super off peak’ tariff, customers will pay a significantly reduced usage rate between the hours of 12am and 4am on weekdays – ideal for those who charge their electric vehicles overnight.

Even when signing up to this tariff, customers can still take advantage of Powershop’s discounted packs, such as GreenPower and Future Savings.

OVO Energy ‘OVO Drive’ Electric Car Plan

ovo energy

In New South Wales, Queensland, Victoria and South Australia, OVO Energy offers a dedicated electricity tariff for EV owners called ‘OVO Drive’. This plan provides customers with a cheaper electricity rate between the hours of midnight and 5am, to help them reduce the cost of charging their electric car.

Similar to Powershop’s tariff, customers must own a smart meter in order to access the different time of use tariffs on this plan.

OVO Drive usage rates

Expired dedicated electric vehicle plans

AGL $1 a day Electric Car Plan

November 2016 saw AGL introduce a dedicated plan for electric car owners, which would allow customers to charge their electric vehicle for $1 a day. On this plan, customers were required to either have a dedicated circuit already installed at their property, or elect to have an AGL charging station installed for $799 plus installation costs. This was a 12-month plan, which stopped being offered by AGL in 2018.

Should I switch to an electric car plan?

Switching to a dedicated plan for electric cars definitely comes with its benefits. From cheaper tariffs at certain times, to inflated bill credits, it all seems too good to be true. With Powershop and OVO Energy, you’ll have to stay on top of what time you charge your car to get maximum benefit, whilst with AGL you’ll probably be best of delving a bit deeper into the true value of the bill credits when weighed up against usage and supply rates.

Keep in mind that, if you have an electric vehicle, you don’t necessarily need to sign up to an EV-specific power plan. Talk to your retailer about what the best option might be for your home because finding the best deal could come down to your individual circumstances. For example, you might not want to sign up to a time of use tariff just for the benefit of charging your car overnight if you’re going to end up paying higher prices than you need to for your general energy usage during the day.

Image credit: Smile Fight/shutterstock.com, Osman Vector/shutterstock.com, Powershop website, OVO Energy website.
Original Author: Monika Gudova

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