- TXU Energy and Ford are teaming up to offer Ford electric
vehicle (EV) customers significant cost-savings by charging at home
through a new energy management plan
- The TXU Energy Free EV Miles program will benefit Ford EV
customers through credits on their TXU Energy bill for electricity
used during specified hours, potentially covering the entire cost
of all at-home charging
- The program supports grid reliability by encouraging
energy consumption during off-peak hours and educating Texans on
the benefits of driving electric vehicles
IRVING,
Texas, Aug. 12, 2024 /PRNewswire/ -- Today, Ford
Motor Company and TXU Energy, Texas' leading retail electricity provider and
subsidiary of Vistra (NYSE: VST), have teamed up to create a new
retail energy offering for Ford electric SUV and truck customers in
Texas. The TXU Energy Free EV
Miles program offers participating Ford EV customers the
opportunity to charge their vehicle entirely at home at essentially
no cost during off-peak hours since approximately 80% of charging
takes place at home. Participating Ford EV customers will get
credit on their TXU Energy bill for all electricity used to charge
their vehicle during the free off-peak charging hours, between 7 p.m. and 1 p.m. the next day, all year
long.
Through the TXU Free EV Miles program, Ford aims to
educate Texans about the perks of driving electric while
incentivizing consumers to charge when demand on the grid is lower.
The offer is designed for flexibility, giving participating
customers up to 18 hours a day to charge at no cost. By scheduling
through the Preferred Charge Times feature in the FordPass app or
in-vehicle screen, Ford electric SUV and truck drivers can ensure
charging only occurs within TXU Energy's off-peak hours. If
customers need to charge outside of the off-peak hours, they will
pay a simple, fixed rate – the same rate as the rest of their home.
With this foundation, Ford and TXU Energy will test customer
interest in additional future retail electricity offerings that
further incentivize customers to support grid stability in
Texas, which was the third largest
in electric vehicle sales nationwide in 2023.
"Encouraging our electric vehicle customers to charge at
off-peak hours through programs like TXU Energy's Free EV
Miles helps to save them money while supporting a more
sustainable, resilient electrical grid," said Bill Crider, senior director, global charging
and energy services, Ford Motor Company. "Ford electric vehicles
generally have a lower operating and maintenance cost compared to
gas-powered vehicles, and at-home charging and future
vehicle-to-grid services offer additional financial perks never
before possible, which Ford is committed to leading for our
customers."
The program enables Ford F-150 Lightning, Mustang Mach-E, and
Escape PHEV customers to benefit from bill credits, regardless of
what hardware they use to charge their vehicle at home. When Ford
drivers enroll in the Free EV Miles energy plan, they will
also receive additional perks from both Ford and TXU Energy,
including a $100 welcome bonus from
Ford and a $250 bonus from TXU Energy
for staying enrolled for a year. Once enrolled and verified,
customers will receive automatic rebates for at-home charging costs
during the off-peak charging hours.
"This partnership with Ford fits squarely into TXU Energy's
broader strategy of educating customers on the benefits of owning
an EV, removing barriers to making the switch, and increasing grid
resiliency," said Sam Sen, vice
president of energy transition solutions for TXU Energy. "We are
proud to support Ford's Texas EV customers with flexible, free
charging hours and the significant cost savings that come with
it."
Enrollment for the Free EV Miles program is open now to
interested Ford and current or future TXU Energy customers. Please
visit www.txu.com/freeevmilesford or click here for
more information.
About TXU Energy
As the #1 electricity choice of Texans, we're passionate about
creating experiences and solutions tailored to fit the needs of our
customers, including electricity plans, online tools to help save,
renewable energy options, and more. TXU Energy is also committed to
cultivating a dynamic and enjoyable workplace where all our people
can succeed. Visit txu.com for more. TXU Energy is a subsidiary of
Vistra (NYSE: VST). REP #10004
About Ford Motor Company
Ford Motor Company (NYSE: F) is a global company based in
Dearborn, Michigan, committed to
helping build a better world, where every person is free to move
and pursue their dreams. The company's Ford+ plan for growth
and value creation combines existing strengths, new capabilities
and always-on relationships with customers to enrich experiences
for customers and deepen their loyalty. Ford develops and
delivers innovative, must-have Ford trucks, sport utility vehicles,
commercial vans and cars and Lincoln luxury vehicles, along with connected
services. The company does that through three
customer-centered business segments: Ford Blue, engineering
iconic gas-powered and hybrid vehicles; Ford Model e, inventing
breakthrough EVs along with embedded software that defines
always-on digital experiences for all customers; and Ford Pro,
helping commercial customers transform and expand their businesses
with vehicles and services tailored to their needs.
Additionally, Ford is pursuing mobility solutions through Ford
Next, and provides financial services through Ford Motor Credit
Company. Ford employs about 176,000 people worldwide.
More information about the company and its products and services is
available at corporate.ford.com.
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SOURCE TXU Energy
