PG&E to Offer Nation’s First Vehicle-To-Grid Export Rate for Commercial Electric Vehicles
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Wednesday, October 26, 2022
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Pacific Gas and Electric Company (PG&E) has received approval to establish the nations first vehicle-to-grid (V2G) export compensation mechanism for commercial electric vehicle (EV) charging customers in its California service area.
Key Points:
- Pacific Gas and Electric Company (PG&E) has received approval to establish the nations first vehicle-to-grid (V2G) export compensation mechanism for commercial electric vehicle (EV) charging customers in its California service area.
- The V2G export rate promotes EV adoption by providing upfront incentives to help commercial customers offset fleet costs and delivers an innovative solution for these vehicles to export power back to support the grid during peak energy demand periods.
- More than 420,000 EVs have been sold in PG&Es service area, representing one in six EVs in the country.
- This new export rate structure, in the nations largest EV market, can serve as a guide for additional innovative rate structures across the country.