Wednesday, May 20, 2015

New CT Incentive to Buy or Lease an Electric Vehicle

Up to $3,000 cash rebate for CT residents, businesses, & municipalities who purchase or lease an electric or fuel cell vehicle.

On May 19, 2015 Gov. Malloy announced the Connecticut Hydrogen and Electric Automobile Purchase Rebate Program (CHEAPR). This will offer cash rebates of up to $3.000 to state residents, businesses, and municipalities who purchase or lease an electric vehicle (EV) or fuel cell vehicle (FCV). The rebate is on a sliding scale based on the qualifying vehicle's battery capacity.

The program is funded by $1 million that Connecticut received from approving the 2012 merger between NSTAR and Northeast Utilities, the combined company now called Eversource Energy. In total $800,000 will be used for the cash rebates and $200,000 will be used to provide incentives to the salespeople at dealerships that sell the vehicles.

This builds on the state's EVConnecticut initiative that has provided grants to install about 160 electric chargers that must be available to the public free of charge and has also partnered with the Connecticut Automotive Retailer's Association to award dealerships that sold or leased the highest number of EVs.

Table 1. CHEAPR rebates based on the electric vehicle battery size.

Gov. Malloy's press release about the CHEAPR program

Program Details

Monday, April 20, 2015

Electric Vehicle Rate Rider Pilot to Mitigate High Demand Charges

In Connecticut more and more Direct Current (DC) fast charging stations are being deployed along state highways as a solution to charge an electric vehicle while away from home. However due to their size, these fast charging stations are placed on a commercial rate that includes both energy and demand-based billing components. Since these stations operate at their full capacity for only short periods of time, they need to only be used by one electric vehicle customer to hit their peak demand.

The Connecticut Light and Power Company (CL&P) requested an Electric Vehicle Rate Rider Pilot (EVRRP) as a solution to mitigate the high demand charges. This will allow for a more rapid deployment of fast charging stations by the State of Connecticut and will allow CL&P to gather data more quickly regarding issues surrounding public charging stations, including their use levels, rates, and technology. The data will be shared and will help guide the Public Utilities Regulatory Authority's (PURA) ultimate decision on the appropriate rate for electric vehicles.

Under the EVRRP, a customer would be billed for electric service during a given month on the basis of: (a) the monthly customer charge, (b) the equivalent per kWh charges for the demand-related portions of the distribution, transmission and competitive transition assessment (CTA) components of service, and (c) on a per kWh basis for all other charges specified under the applicable rate schedule.  CL&P proposed to bill pilot participants for DC fast charging on the pilot rate, derived from the standard rate applicable to the rest of the load of the facility where the station is located, which is separately metered.

You can read the complete docket here.