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TOU rates are attractive to EV owners, where EV’s are charged at night. Having an EV doubles or triples my electric bill. That is offset by gas savings, where my electric cost per mile is about 1/3 to 1/2 of gas cost per mile ($0 now that I have solar).You guys got me interested in looking at my rates.
In the north, my rates is $0.14/kWh.
In the south, my rate is $0.115/kWh. The TOU rate is about $0.245/kWh during peak times, $0.079/kWh during off peak hours. When I called about it, I asked how many people were using the TOU rates, and the rep said just about no one. He agreed it was an unattractive rate structure.
I’m in northern CA with PG&E, and the alternative to TOU is a tiered cost structure based on consumption. EV charging would blow that out of the water and would rapidly put me in the highest tier, worse than TOU.
CA rates are crazy compared to other states, though.