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Maximising savings for electric vehicles

"I'm paying less now to power my EV and home than what I use to pay monthly for petrol”

25 July 2024, 4 min read

Meet Ed

Ed joined Flow Home around the time he was looking to purchase an EV and was on the lookout for an electricity plan that would help keep his EV charging and operating costs low.

 

“I wanted to do everything I could to make the most of my EV, which is why I joined Flow Home and the EV trial tariff.”

 

Ausnet’s EV trial tariff incentives charging your EV between 10am – 3pm by applying a –1c/kWh tariff rate.

Location: Dandenong Ranges

Energy setup: EV, EV Phase 3 Charger, Heated Electric Flooring and fully charges EV 6-8 times per month

Household: 2 adults working from home part-time, no dependents

Average monthly household usage: 473 kWhs

Average monthly PEA: -9.76 c/kWh (which is discounted off his base rate each month)

How Ed has managed his electricity use to achieve savings

Through simple changes to his day-to-day electricity use, Ed has been able to keep his electricity bills and EV charging costs low.

Ed’s approach has been simple. He’ll check the Flow Power app before charging his EV to find the best price period – or if not, he’ll aim to charge his EV between 10am and 3pm.

“I always check the Flow Power app before charging the car to ensure there’s no unexpected price spike. Scheduling charging during the day when prices are typically lower helps keep costs down.”

Ed’s results speak for themselves.

Since purchasing his EV his monthly energy consumption has almost tripled but his bill has only increased by 57%. This means he’s gone from paying $79 per month to $124 per month, even with the added load.

“That said, I’m human and life does sometimes just get in the way – so I’ve definitely charged my car during expensive periods before! But getting it right nine times out of ten is achievable and makes a real difference.”

Simple changes, big savings

By consistently charging his EV in the middle of the day, both during the week and weekends, Ed’s achieved a negative Price Efficiency Adjustment (PEA) on his monthly bill.

His average PEA over the past six months is –9.76 c/kWh PEA, reducing the price he pays per kilowatt hour from 30.95 c/kWh to 21.19 c/kWh.

This means that each month, Ed has received approximately a $46 discount off the base rate of his electricity bill.

“Don’t get too hung up on it; life happens, and sometimes you just need to use energy, even if it isn’t the most efficient time to. But those small behavioural changes can make a big difference in savings.”

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Have more questions? We’re here to help

We’re here to help you make the most out of your electricity, whether you’ve got an EV, battery or looking for a way to reduce your bills. Check out our FAQs or get in touch for more information.