What Are Time-of-Use Rates?
Time-of-use (TOU) rates are utility billing structures where the cost of electricity varies depending on the time of day. Charging your EV at night could cost significantly less than during peak afternoon hours.
In Colorado, providers like Xcel Energy offer TOU plans to encourage off-peak energy use, which directly impacts how much you pay to charge your vehicle.
How TOU Rates Affect EV Charging Costs
Peak hours (5 PM – 9 PM): Higher rates
Off-peak hours (10 PM – 5PM): Lower rates
For a Golden, CO homeowner charging a standard EV (60 kWh), charging during off-peak hours could save over $30/month compared to peak charging.
Smart Charging & Scheduling
Modern chargers, like the ones we install, allow you to set charging windows through an app or your car’s dashboard.
How to Enroll in a TOU Plan
Visit your utility provider’s website or call them directly to request TOU billing. You’ll need:
- Your account number
- Your vehicle’s estimated charging needs
- A compatible smart meter (most homes already have one)
Benefits Beyond Cost Savings
- Supports a cleaner energy grid
- Reduces strain during peak hours
- Encourages renewable energy use (many wind farms peak at night)
EV Plug Pros Can Help You Maximize Savings
We don’t just install chargers—we help you make the most of your investment. Our team walks you through optimal charging strategies and ensures your setup is TOU-optimized from day one.
Take Control of Your Charging Costs
Want to cut EV charging costs? Let’s set your home up for success with TOU-aligned scheduling and smart charging capabilities. Book your installation today and start saving this winter.