Okay so I did the same math too and my numbers add up very similar to yours.
This whole PEPCO EV TOU "Electric Vehicle Program" pricing scheme seems like a scam from what I can tell. You'd think they'd offer the same rate for peak as you pay now and then offer a discount for off peak use, but oh no. They totally screw you over during peak hours where your peak charge is almost 50% more than you pay now.
So any night time savings are obliterated by the $.19 off peak rate, which is completely ridiculous.
Now I need to figure out how to cancel my application, which they have "approved" so that I'm not completely screwed.
Who came up with and approved of this rip off anyway? Who can I report to the dishonest way they are running this program by not disclosing the fact that by receiving a better off peak rate, they will then increase what you pay during the peak hours? Are the regulated by Montgomery County or the sate of Maryland. Should I report this to:
The Electricity Division - Electricity
Oh and by the way, they conveniently have no phone number and they only correspond via email, replying only to emails that they feel like replying to. Also nowhere on the PEPCO EV Plan Web page do they say anything about increasing your peak charges when you sign up for this.