brucet999
Active Member
Please excuse my pedantry, but you are not charged per kW. Electricity is sold by the kWh = kilowatt hour. The 1,150 kWh you were charged above the same month last year equals a 100W light bulb burning for 11,500 hours or a 1,000W hair dryer running for 1,150 hours.I actually have been meaning to call my utility company about this but keep forgetting. So tonight, I did. While PSE&G does not have a rate plan for residential accounts, I can get a another meter and have a separate account for my vehicle and then charge my car from midnight to 7am for .001 per kw plus a .32 cents a day meter charge fee. So basically, it's $10 per month for the meter, plus 0.001 per kw. Tagging fellow LI @wesley888 on this. I know there is a couple of other LI'ers on here, wondering if they knew about this?
According to my math, this would only save me $3.00 a month since I only drive around 600 miles per month.
Normal Rate: 600 x .23 per kw = $13.80
New Meter Rate: 600 x .001 per kw plus $9.60 per month meter fee = $10.20
Probably not worth the effort of setting up another meter on the side of my house and another billing account for me.....
More importantly, your option of installing a second meter would cost a lot of money. An electrician has to install a new service panel with a meter socket, interrupt existing poco wires before your existing meter (which may or may not be physically possible), make a Y-splice to join supply wires to your new and old panels, and then run conduit and wires from the new panel to your garage NEMA 14-50 outlet. Depending on where the service entrance is relative to the garage, that could cost $1,000 to $2,000.
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