XCEL ENERGY PROPOSES NEW ELECTRIC VEHICLE PROGRAM

Xcel Energy filed a request with the Public Service Commission of Wisconsin to provide customers a comprehensive electric vehicle program that would simplify and significantly lower the cost for residential, commercial and fleet customers who would like to install EV charging equipment.

“Our commitment to clean energy is reflected in our strong support for electric vehicles,” said Mark Stoering, president, Xcel Energy-Wisconsin. “Electric vehicles are great for the environment, and as they become more affordable, we’re going to see more of them on the road. Making it easier for customers to own an electric vehicle while helping them save money simply makes sense.”

If approved, customers can use EV charging technology provided by Xcel Energy to help them save money by charging their vehicle during the low-cost overnight hours. With electricity prices cheaper than gasoline, electric vehicles cost less to fuel than combustion engine vehicles. Participating customers can save the most money when charging their vehicles exclusively during off-peak hours from midnight-8 a.m., at prices equating to less than $0.70 per gallon of gasoline.

Under the residential program, customers can choose to have Xcel Energy install a new, smart EV charger with embedded energy-monitoring capabilities. This equipment can charge a customer’s EV faster than a charger that plugs into a typical household outlet. Customers can pay for this new equipment monthly on their bill or up-front.

Xcel Energy is also looking to support commercial customers by expanding the infrastructure services required when installing charging stations for electric vehicles. If the Commission approves the request, Xcel Energy anticipates making the program available in mid-2020.

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