Burlington Electric discounted rate is equivalent to US$0.60 per gallon of gasoline
The Burlington Electric Department (BED), joined by Mayor Miro Weinberger, Vermont Department of Public Service Commissioner June Tierney have announced a new, discounted residential electric vehicle charging rate that will allow customers to charge their vehicles for the equivalent of US$0.60 per gallon of gasoline.
BED also launched a new, residential charging station incentive that will provide customers who purchase all-electric vehicles (AEVs) an additional US$400 rebate on the purchase of eligible Level 2 home charging stations.
Further, BED increased its incentives on the purchase and lease of plug-in hybrid vehicles (PHEVs) to US$1,000, with an enhanced rebate increase to US$1,500 for low- and moderate-income (LMI) customers.
“For Burlington to become a Net Zero Energy City, we must tackle the ground transportation sector’s growing greenhouse gas emissions by strategically electrifying our vehicle fleet,” said Mayor Weinberger. “Through lease and purchase incentives, partnerships with vehicle dealers, and a new charging rate, BED is showing the country how an innovative, 21st century utility can push forward the decarbonisation of transportation.”
A BED customer who switches from a gasoline vehicle to an EV, drives 12,000 miles per year, and takes advantage of BED’s new charging rate will save approximately US$76 per month, or US$912 per year.
In addition to these savings, the EV owner may have saved money through BED’s EV purchase/lease rebate (now between US$1,000 and US$1,800) and charging station (US$400) incentives. Additionally, approximately US$0.02 of the US$0.08 per kWh paid by EV customers on the new rate will be applied toward supporting BED’s operating costs, including grid maintenance, meaning that EV customers, even at this new, low rate, will be providing important new revenues that benefit all BED customers.