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Ontario Canada : overnight 2c/kWh EV charging price plan

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Ontario Canada : overnight 2c/kWh EV charging price plan

 

https://www.powerstream.ca/innovation/advantage-power-pricing.html

 

A subset of Ontario utility companies are participating in a program to provide flexible price plans.

 

Quote : "Phase 1 - Risk free, save up to $500
September 1, 2017 – December 31, 2017
During the first phase, you will be able to
earn savings by taking advantage of the new
trial rates. At the end of this phase, you will
receive an on-bill credit for the amount that
you’ve saved over this period, up to a maximum
of $500."

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I heard this story on the news last night and tried to find more information. Now that I have it I'm not sure I have any inkling which option is best. That 39.8¢ variable rate scares the crap out of me, but doesn't it say that price is only in effect for up to four hours on each of the six highest-demand days? I'm also assuming that the delivery costs (by my estimation about 6¢/kWh) is added to these prices. I guess the answer is to sign up, then come December compare the three different rates.

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I haven't found the overnight rates from Toronto Hydro to be outrageous.  We pay about $20 a month for the car, or $240 a year.    Their overnight rate of 0.065 / kWh is the same.

 

Sounds like a gamble which is hard to predict.   I'm pretty sure the house will win.  :-/

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