Duke Energy Indiana plans two-year electric transportation pilot programs

Rhea-AI Summary

Duke Energy is launching four electric vehicle (EV) pilot programs in Indiana, approved by the Indiana Utility Regulatory Commission, starting Oct. 1 for two years. These programs aim to understand EV adoption impacts, customer charging preferences, and grid benefits. Key offerings include an Off-Peak Charging Credit providing up to $400 over two years, a Commercial Charger Rebate with incentives up to $500 per charging station, a Fleet Advisory for fleet transition assistance, and partial funding for electric school buses. This initiative coincides with National Drive Electric Week running from Sept. 23 to Oct. 2.

Positive

• Launch of four EV pilot programs in Indiana to enhance understanding of EV adoption.
• Off-Peak Charging Credit offers residential customers up to $400 over two years.
• Commercial Charger Rebate incentivizes installation of up to 1,200 EV chargers, providing $500 per station.
• Fleet Advisory program aids fleet managers in transitioning to electric vehicles.
• Funding for electric school buses up to $197,000 per bus to study energy dispatch.

Negative

• None.

• Four new electric vehicle pilot programs will help prepare Duke Energy, customers for EV growth
• National Drive Electric Week is Sept. 23-Oct. 2

PLAINFIELD, Ind., Sept. 29, 2022 /PRNewswire/ -- Duke Energy is launching electric transportation pilot programs in Indiana for its residential and commercial customers, including businesses, schools and local governments.

On June 1, the Indiana Utility Regulatory Commission approved four two-year, customer-focused Duke Energy electric transportation pilot programs for the company's Indiana customers. Each program is designed to better understand the effects of increasing adoption of EVs, customer EV charging preferences and behavior, and the potential benefits to Indiana.

The pilot programs will launch on Oct. 1 and run for 24 months each.

"As the adoption of electric vehicles accelerates, pilot programs such as these give us the opportunity to gain critical knowledge around what an electric automotive future will require and ensure we're planning the system to reliably meet our customers' needs," said Duke Energy Indiana President Stan Pinegar.

The EV pilot programs include:

Off-Peak Charging Credit

Residential customers with a Level 2 EV charger can apply for an Off-Peak Credit program, which provides a quarterly bill credit for charging EVs during times of decreased energy demand. Up to 500 participants will be accepted on a first-come, first-served basis. The $50 quarterly credit is available for two years, totaling $400 per customer. The pilot will look at customer response to price incentives related to when they charge their vehicles. Those interested in participating should go to: www.duke-energy.com/home/products/ev-complete/off-peak-credit.

Commercial Charger Rebate

The Commercial Charger Rebate pilot program offers a financial incentive to Duke Energy commercial customers, including businesses, apartment dwelling units, and government or workplace fleet operators, to install electric vehicle chargers at their place of business. The purpose of this pilot is to better understand the needs of this customer segment and the effects on the electric grid.

Up to 1,200 charging stations are included in the pilot, and participants can receive $500 per charging station. Participants must install a minimum of four Level 2 EV charging stations, and the maximum available for an incentive per participant is 20.

Private fleet customers must own, lease or otherwise operate on a regular basis one or more plug-in EVs (plug-in hybrid electric vehicle or battery electric vehicle) per each incentive received. For more information about how to participate, go to: www.duke-energy.com/business/products/ev-complete/charger-rebate.

Ten percent of the pilot's incentives – accounting for approximately 120 chargers – will be designated for commercial entities in low-income areas.

Fleet Advisory

The Fleet Advisory pilot program is an opportunity for fleet managers to assess the economics and sometimes complex logistical challenges of commercial fleets transitioning to electric vehicles. Duke Energy will provide comprehensive EV suitability analysis for eligible customers interested in switching their operating fleets to electric. The company plans to perform 45 consultations over two years Those interested in participating should go to: /www.duke-energy.com/energy-education/electric-vehicles/business/contact-us.

Electric School Bus

As part of the Electric School Bus pilot program, Duke Energy will work with school districts to provide partial funding – up to $197,000 per bus – and charging infrastructure for six electric school buses. The aim is to study the ability of the bus battery to dispatch energy to the electric grid – helping supply stored power for Indiana customers.

Half of the pilot's participation will be allocated to schools with a student population greater than 30% receiving free or reduced-price lunches. The remainder of pilot participants will be enrolled on a first-come, first-served basis, subject to program goals.

Questions about participation should be sent to eschoolbusIN@duke-energy.com.

A Charged Path Forward

The week of Sept. 23-Oct. 2 marks National Drive Electric Week (NDEW), a nationwide celebration to raise awareness of the benefits of all-electric and plug-in hybrid cars, trucks, motorcycles and more. Coordinated by Plug In America and supported by the National Electric Highway Coalition, NDEW educates consumers about the benefits of EVs and offers in-person events across the country related to transportation electrification.

Recently, electric charging stations got a major boost when the Indiana Department of Transportation announced it is investing more than $100 million in federal infrastructure funds to build an EV fast-charging network at strategic locations across Indiana. Indiana's effort is part of a national initiative to create a network of at least 500,000 reliable chargers across the U.S. to support the growing adoption of electric vehicles.

With support from the Indiana Department of Environmental Management, Duke Energy is working with other major Indiana utility companies, including AES Indiana, Indiana Michigan Power (AEP), CenterPoint Energy, NIPSCO, WVPA, Hoosier Energy and Crawfordsville Power & Light, to install 61 fast-charging stations across Indiana. Known as the EV Crossroads of America, the initiative aims to ensure an EV fast-charging station is located every 30 to 50 miles throughout Indiana's major interstates and highways.

Duke Energy Indiana

Duke Energy Indiana, a subsidiary of Duke Energy, provides about 6,300 megawatts of owned electric capacity to approximately 870,000 customers in a 23,000-square-mile service area, making it Indiana's largest electric supplier.

Duke Energy (NYSE: DUK), a Fortune 150 company headquartered in Charlotte, N.C., is one of America's largest energy holding companies. Its electric utilities serve 8.2 million customers in North Carolina, South Carolina, Florida, Indiana, Ohio and Kentucky, and collectively own 50,000 megawatts of energy capacity. Its natural gas unit serves 1.6 million customers in North Carolina, South Carolina, Tennessee, Ohio and Kentucky. The company employs 28,000 people.

Duke Energy is executing an aggressive clean energy transition to achieve its goals of net-zero methane emissions from its natural gas business and at least a 50% carbon reduction from electric generation by 2030 and net-zero carbon emissions by 2050. The 2050 net-zero goals also include Scope 2 and certain Scope 3 emissions. In addition, the company is investing in major electric grid enhancements and energy storage and exploring zero-emission power generation technologies such as hydrogen and advanced nuclear.

Duke Energy was named to Fortune's 2022 "World's Most Admired Companies" list and Forbes' "America's Best Employers" list. More information is available at duke-energy.com. The Duke Energy News Center contains news releases, fact sheets, photos and videos. Duke Energy's illumination features stories about people, innovations, community topics and environmental issues. Follow Duke Energy on Twitter, LinkedIn, Instagram and Facebook.

Duke Energy media contact: Angeline Protogere
800.559.3853

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SOURCE Duke Energy

FAQ

What is Duke Energy's new electric vehicle pilot program about?

Duke Energy is launching four EV pilot programs in Indiana to study the impact of EV adoption on charging preferences and the electric grid.

When do the new EV pilot programs by Duke Energy start?

The pilot programs are set to begin on October 1 and will run for two years.

What incentives does the Off-Peak Charging Credit program offer?

The Off-Peak Charging Credit program offers residential customers a $50 quarterly bill credit for charging EVs during off-peak hours, totaling up to $400 over two years.

How much can commercial customers earn from the Commercial Charger Rebate?

Commercial customers can receive $500 for each installed charging station, with a maximum of 20 rebates available.

What is the purpose of the Fleet Advisory pilot program?

The Fleet Advisory program helps fleet managers evaluate the logistics and economics of transitioning their fleets to electric vehicles.

What is the significance of National Drive Electric Week for Duke Energy?

National Drive Electric Week, running from September 23 to October 2, raises awareness of electric vehicles, aligning with Duke Energy's new pilot programs.