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PG&E to Offer Nation’s First Vehicle-To-Grid Export Rate for Commercial Electric Vehicles
Rhea-AI Impact
(Neutral)
Rhea-AI Sentiment
(Positive)
Tags
Rhea-AI Summary
Pacific Gas and Electric Company (PCG) has received approval for the first national vehicle-to-grid (V2G) export compensation mechanism in California, aimed at incentivizing commercial electric vehicle (EV) adoption. This innovative rate structure allows EVs to export energy to the grid during peak demand, enhancing grid reliability. The settlement with the Vehicle-Grid Integration Council and others was approved on October 20, 2022. With over 420,000 EVs sold in its service area, PG&E is positioned to capitalize on this trend, aligning with California’s decarbonization goals.
Positive
Approval of the first national V2G export rate enhances EV adoption in California.
Incentivizes commercial customers to offset fleet costs through EV grid support.
Over 420,000 EVs sold in PG&E's service area indicates strong market presence.
Aligns with California's decarbonization goals and promotes clean energy integration.
Negative
None.
New V2G Export Rate to Accelerate EV Support of Grid During Peak Energy Demand
OAKLAND, Calif.--(BUSINESS WIRE)--
Pacific Gas and Electric Company (PG&E) has received approval to establish the nation’s 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.
The groundbreaking settlement agreement with the Vehicle-Grid Integration Council (VGIC), Electrify America LLC and the Public Advocates Office at the California Public Utilities Commission (CPUC) was adopted by the CPUC on Oct. 20, 2022. The rate is expected to increase participation from V2G school buses and other electric vehicles in response to near-real-time grid conditions and will be available to charging equipment paired with stationary energy storage systems, which can support the grid and provide backup power to charge vehicles during grid outages.
More than 420,000 EVs have been sold in PG&E’s service area, representing one in six EVs in the country. As large vehicles like school buses and commercial fleets continue to electrify, the opportunity grows for these vehicles to serve as crucial, flexible grid resources to support a more reliable, affordable and efficient energy system. Greater volumes of these vehicles on the road comes at a critical time, as peak energy demand challenges California’s grid and novel solutions like V2G emerge.
“The adoption of the nation’s first V2G export rate aligns with our core focus of proactively preparing the grid, increasing access to EV infrastructure, and supporting EV adoption through rates, rebates, tools, and education,” said Aaron August, PG&E Vice President, Utility Partnerships and Innovation.
This new export rate structure, in the nation’s largest EV market, can serve as a guide for additional innovative rate structures across the country. As utility regulators, state agencies and industry partners continue to move forward with policy and market design in this dynamic space, VGIC is committed to advancing the role of smart EV charging and discharging through policy development, education, outreach, and research to support transportation and electric sector decarbonization.
“The CPUC’s decision is a strong step forward for Californians and in support of the state’s grid, implementing the nation’s first dynamic export rate for EV charging customers,” Ed Burgess, VGIC Policy Director, said. “As ever-greater numbers of EVs hit the roads, this innovative rate option will allow EV owners to further benefit from their investment in clean transportation. Leveraging the capability of EVs as a grid resource will help integrate more clean energy into our power system, reduce energy bills for all utility customers, and support California’s ambitious decarbonization goals. We appreciate PG&E’s constructive approach to supporting this program, and believe it serves as a guidepost for other forward-looking energy providers to follow across the country.”
PG&E is committed to providing easy-to-use and affordable clean transportation programs and incentives that help redefine the energy landscape to support California’s clean air and greenhouse gas emission reduction goals and collective action on climate change.
As part of PG&E’s 2030 targets, the company is aiming to proactively prepare the grid for 12,000 GWh of EV-related electric load and improve processes to enable rapid, safe EV energization and interconnection. It’s also working to enable 2 million EVs to participate in vehicle-grid integration applications, allowing EVs to be a cornerstone of both reliability and resilience. PG&E offers a wide variety of resources and programs to support its commercial and residential EV customers.
About PG&E
Pacific Gas and Electric Company, a subsidiary of PG&E Corporation (NYSE:PCG), is a combined natural gas and electric utility serving more than 16 million people across 70,000 square miles in Northern and Central California. For more information, visit www.pge.com/ and http://www.pge.com/about/newsroom/.
About Vehicle-Grid Integration Council
Vehicle Grid Integration Council (VGIC) is a national 501(c)(6) membership-based advocacy group committed to advancing the role of EVs and flexible EV charging and discharging through policy development, education, outreach, and research. VGIC members and supporters include American Honda Motor Co., Inc., Customized Energy Solutions, dcbel, Enel X North America, Inc., Engie NA, Fermata Energy, FlexCharging, FLO EV Charging, Ford Motor Company, FreeWire Technologies, Inc., General Motors, Kaluza, Nissan Group of North America, Nuvve Holding Corporation, Sacramento Municipal Utility District, Stellantis, Sunrun, Switch EV Ltd, The Mobility House, Toyota Motor North America, Inc., Veloce Energy, Inc., Wallbox USA Inc., and WeaveGrid. Visit www.vgicouncil.org.
What is the new V2G export rate introduced by PG&E?
The V2G export rate is a compensation mechanism that allows commercial EVs to export power back to the grid during peak demand periods, incentivizing EV adoption.
When was the V2G export rate approved?
The V2G export rate was approved on October 20, 2022.
How many electric vehicles have been sold in PG&E's service area?
More than 420,000 EVs have been sold in PG&E's service area, representing one in six EVs in the country.
What impact will the V2G export rate have on California's energy grid?
The rate is expected to increase participation from EVs in grid support, enhancing reliability during peak energy demand.
What are PG&E's goals regarding EV integration by 2030?
PG&E aims to prepare the grid for 12,000 GWh of EV-related load and enable 2 million EVs to participate in vehicle-grid integration applications.
