Texas Retail Provider Launches Electric Vehicle Incentive Charging Plan

MP2 Energy, a subsidiary of Shell Energy North America, is launching what it called, "Texas' first customized, incentive-based charging plan for Texas Electric Vehicle owners."

The plan offers "Free Charging Hours" from 12:00 a.m. through 3:00 a.m. each night

In the Oncor service area, MP2's EV Free Charging Plan-24 is a 24-month fixed plan with an average all-in rate, at 1,000 kWh usage, of 10.0¢ per kWh

The plan is 100% renewable

According to the EFL, the average rate reflects:

This total average price disclosure for electric service is an example that is calculated utilizing:

(1) A fixed energy rate of 6¢ for Oncor [sic] and

(2) The current average recurring charges (both volumetric and fixed) assessed by the applicable Transmission and Distribution Utility (TDU), the Electric Reliability Council of Texas (ERCOT) or the Texas Regional Entity (TRE) and

(3) An average usage profile for this TDU with 15% of electricity usage on occurring during the Free Charging Hours, as defined below

The customer will receive a 100% discount on all Energy Charges during the Free Charging hours. Free Charging Hours are from 12:00 a.m. through 3:00 a.m. each night. The Fixed Energy Rate applies from 3:01a.m. through 11:59 p.m. each day

There is no early termination fee

"The plan utilizes charging characteristics of Electric Vehicles and provides an incentive through free usage for users during the lowest cost hours of the day. In addition, customers will continue to receive a market competitive rate for all remaining energy needs," the company said

"The new MP2 Energy Electric Vehicle incentive plan is 100 percent renewable and enables electric vehicle owners to customize a charging schedule that fits with the plan incentives. Additionally, it fits well with MP2 Energy's larger offering of emerging technology programs, such as solar and storage incentives, and will assist in continued deployment of electric vehicles in Texas, as well as other competitive markets," the company said

"This plan is a must for Texas electric vehicle owners, who will benefit from continued sustainability efforts coupled with cost savings," said Trey Price, Senior Vice President for MP2 Energy. "This product is custom designed for electric vehicle charging characteristics and offers customers free energy to charge their vehicle at the most optimal time."