[VIC, NSW, QLD, SA] "The EV Plan": Off-Peak EV Charging Rate 12am-6am 8¢/kWh, Super Off-Peak Rate 11am-2pm 0¢/kWh @ OVO Energy

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jay510 on 25/02/2024 - 12:27 pages.ovoenergy.com.au (2291 clicks)
Last edited 26/02/2024 - 09:28 by 2 other users

Haven't seen this one posted yet.

Got an email from OVO a few weeks ago letting me know they've added free electricity to their existing EV Plan - so cheap charging at night, and free charging during the peak of the day! Pretty good gig.

From OVO:
With The EV Plan you get a tariff that powers your home and charges your EV without breaking the bank.
You don’t have to lose sleep with a rate of $0.08/kWh between 00:00 and 06:00, and your lunch break was never this good with a rate of $0/kWh from 11 to 2pm.

Need a smart meter, and an EV to apply.

They can't delineate between EV charging or other usage, so just set everything you can for the middle of the day (Washing machine, dishwasher, A/C, etc) to get the best bang for buck!

Terms:
https://www.ovoenergy.com.au/terms/nsw/special-terms/

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      IXXI on 26/02/2024 - 11:18

      Sure, if you have a small system then you will see some benefit. But the marketing makes it look like you are getting free power during those hours, when in reality, you are not being paid the 8c fit you would otherwise receive on the majority of your usage. Lets say you have an 8kw system, and its producing the full 8kw during those times and your load is 10kw (Charging EV etc, etc). You are in actual fact only getting 2kw "free". I'm not saying that isnt a good thing, but I think lots of people mistakenly beleive they are getting the full amount of their load for free, when in reality only a small portion of their usage is "free" and only then if they have a smallish solar system.

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        dwhes on 26/02/2024 - 13:36

        If anyone is silly enough to not understand that basic concept that’s on them. It’s pretty obvious that you’re forgoing your fit for that period. I’m usually drawing 10-15kW more than my feed in during that period. So I’m well and truly ahead.

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          IXXI on 26/02/2024 - 13:47

          @dwhes: I'm glad its working for you. For me, even charging 2 EV's, running ducted AC and all house appliances there is no benefit. Perhaps, maybe, in the depths of winter I might get a couple of free kWH. Point is, for those considering the plan, I wouldnt fixate on these savings unless you have a small PV system or massive daytime loads such as dwhes.

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            dwhes on 26/02/2024 - 13:53

            @IXXI: Your size system is not normal. You clearly have a 20kW or larger system to be drawing that much and only getting 1 or 2kW “free” in winter. I agree that for people in your situation, there are likely better alternatives. But your situation is not one most would have.

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        Jamesx on 27/02/2024 - 11:58

        Sounds like you live in a sunny state. You gain a lot more on cloudy days, esp cloudy until 2pm, you'd be laughing.

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      esosite on 26/02/2024 - 16:03

      +1

      Yeah this also ignores the fact that it can be rainy or cloudy and your system might only be hitting 2-4kw during that period.

      Knowing that no matter what during the day I can throw in about 20kw of charge into my car is super beneficial when I’m home, if I’m using chargehq and matching my solar I might only get 2-5 if it’s cloudy etc and sometimes none.

      Not to mention make sure the pool pump runs then, if you have a heat pump for the pool chuck it on then also.

      And then for days not at work 8c at night. It’s a good deal if you can make it work

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    pipboy on 26/02/2024 - 11:17

    Same experience for me. The free power window is pretty meaningless if you have solar, they just used it to sugarcoat the FIT reduction from 10c to 8c. But 8c is still a decent rate, can’t complain too much about the change when it’s still a sweet deal and there’s no lock in contract.

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  jzbar on 26/02/2024 - 09:57

  Just a note to be cautious if you're in NSW, but OVO states that you will only be eligible for their feed in tariff on solar, if you're system is below 5kW, which in this day and age seems fairly small.

  I'm not sure how closely they'd police something like that, but it's worth being aware of in the event of some kind of contractual dispute somewhere down the line.

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    IXXI on 26/02/2024 - 11:23

    Oh, they certainly do police it. One of my numerous disputes with them was over this very issue, except the 30kW limit applies in SA. They sent me a demand to prove that my system was below this threshold, which I did. After some back and forth, they agreed that mine was within the limit, but then ripped me off the EV plan anyway. It was an internal bungle, which they did resolve in the end, but the point still remains that they are actively policing these limits.

    Edit: Typo

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    pipboy on 26/02/2024 - 13:29

    I hesitated when I saw this relatively small system size limit on their website and thought bugger it see what happens anyway.

    Turns out I had nothing to worry about because in my contract (issued August 23)

    Simplified explanation of terms

    Solar system size limit means:
    (a) In Victoria a solar system must be less than 100kW name-plate generating capacity; or
    (b) In New South Wales a solar system must be less than 30kW size; or
    (c) In Queensland a solar system must have an inverter less than 30kW size; or
    (d) In South Australia a solar system must have an inverter less than 10kVA for a single phase supply or less than 30kVA for a three phase supply.

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    Nom on 26/02/2024 - 16:37

    but OVO states that you will only be eligible for their feed in tariff on solar, if you're system is below 5kW, which in this day and age seems fairly small.

    My grid power provider will only accept an inverter connection to the grid at 5KW maximum.

    So in my particular area, nobody is feeding in any more than 5KW…

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  outlander on 26/02/2024 - 14:37

  -3

  This is pretty clever. On the face of it, it seems like some marketing campaign to attract EV customers, but I think it's actually the opposite. They don't want people with EVs plugging in after they get home from work, sucking down juice when it's expensive and potentially network disrupting. They can't ban people with EVs, so instead they offer an incentive to do it overnight. They still lose money at 8c, but not nearly as much as they would in the evening, and they make it up from extra charges for ordinary usage.

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    Nom on 26/02/2024 - 23:31

    do it overnight. They still lose money at 8c,

    They don't lose money - night power is cheap, because there's barely any demand for it.

    but not nearly as much as they would in the evening

    They don't lose money in the evening either - the peak rate covers the additional demand-driven cost of evening electricity.

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  B-Moose on 26/02/2024 - 22:34

  To clarify, does this plan mean you don't get any feed in tariff for exported electricity 11am-2pm? It isn't clear in the info.

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    Nom on 26/02/2024 - 23:30

    "The EV Plan comes with a solar feed in tariff of $0.08/kWh for all electricity exported."

    It seems very clear to me.

    Is there some other text that suggests otherwise ?

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    pipboy on 27/02/2024 - 10:23

    +1

    You get FIT between 11-2 as you would at any other time of the day.

    If your usage exceeds your output between 11-2, that usage is free.

    Screen cap of what it looks like in the OVO app. https://ibb.co/vV8QFgL

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      B-Moose on 27/02/2024 - 10:44

      +1

      Thanks for clarifying. Someone above commented that you forgo fit during that time so confused me. This plan should be pretty good for my usage then.

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  mopo on 27/02/2024 - 09:15

  +1

  AGL EV Night Saver was cheaper for me, but thats entirely dependant on my usage patterns and service area. Your mileage may vary.

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  paddyo on 01/03/2024 - 13:00

  I have a 4.5kW Solar, pretty much covers only my pool pump plus a bit extra. 7c FIT. AGL EV Tariff of 7ckW 1200-0600. Certainly saves money when charging our EV, only have a single phase Charger but does well.

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  gmatht on 25/03/2024 - 18:59

  If anyone still did 'coin mining, this would be a good opportunity to give your GPU a workout while you are asleep or away at work.

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  B-Moose on 04/04/2024 - 11:11

  Unfortunately it's now showing the FIT has been cut to 5c only. Doesn't make this as good now. Do they change rates for current customers too or is it locked in for a while?

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    B-Moose on 04/04/2024 - 13:22

    As per above comments, the AGL EV plan is significantly better than this now.

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      Heybargain on 06/04/2024 - 11:30

      My FIT with ovo is 8c/kwh. But great that you’ve done diy research to see what rates are offered as they differ based on postcode and distributor.

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  BewareOfThe Dog on 16/05/2024 - 18:56

  Hi, have prices gone up with OVO. We have finally been able to switch to the EV Plan with the 8c rate. I recall that Peak rates were 51.26 when I first looked into this, but our new quote is 63.58.

  Shouder was 25.96, but now 32.78.

  I can't recall where the 1st rates I looked into came from.

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  Nathw on 15/07/2024 - 17:59

  Only joined 3 months ago and they’re now raising the rates by 25%

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    BargainKnight on 20/07/2024 - 12:01

    Same, want to switch but will lose the referral bonus. I need to shop around and do the maths first.

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      archiexyz on 21/07/2024 - 09:19

      They are very good with offering credit for customer retention or discounts - before you leave, check to see if new quote for your address will be cheaper or get some comparisons and hit up their chat to see if they can do any better

      And wait until the new rates have hit as other providers are likely to be raising rates too at the same time (at least in Vic they have designated annual dates, the next is 1 Aug)

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  t0087669 on 22/07/2024 - 11:34

  Wow it has gone up a lot. Might have to shop around.
  Another other companies offer similar “EV plans”? I am looking at Powershop, but you choose either free 12-2pm usage or cheaper midnight to 4am usage

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    Heybargain on 24/07/2024 - 12:06

    I haven't been able to find any ev plans at the moment apart from ovo which offer both free usage + cheaper midnight rates.
    My rates have also gone up so I've gone with agl which offer 8c/kwh between midnight to 6am.

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  devize on 06/08/2024 - 14:01

  Increased my rates by 50% across the board. Moved to the 3 free plan and will see about trying to limit charging to the 3 hour window as much as possible.

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  Discoaus on 25/08/2024 - 21:03

  Can someone explain how the peak demand works between 4pm-9pm? It says 18.5 c/kw/day. So if my peak rate is 35c/kwh, what would my peak rate be during this peak demand time? The only other plan that had EV midnight-6am charging with a slightly cheaper peak rate of 32c was AGL. Went with OVO thinking I could benefit off the 3 hours free hours during the day to charge but wondering if this peak demand time would outweigh the agl peak rate vs the free hours. Slightly confused how to read it

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    Heybargain on 26/08/2024 - 09:43

    Have a read of this https://www.bhatt.id.au/blog/quit-demand-charge-nsw-homes-ca…

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      Discoaus on 26/08/2024 - 10:18

      That article didn’t really help my question at all. I’m in qld so some irrelevant, still doesn’t answer what the demand charges affect my demand peak times. So peak rate is 35c and demand charge between 4-9 is 18c/kwh/day, so is it 18c per day added? Is it 18c per kWh I use throughout this time period? As it also has /day added, so it’s confusing to say the least

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