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Save Money with Time-of-Use Rate
What is the Time-of-Use (TOU) Rate?
Residential customers have the option to switch from the standard rate to the Time-of-Use (TOU) rate. TOU has two rates: one that is higher than the standard rate during on-peak hours when electricity is in high demand, and one that is lower than the standard rate during off-peak hours when electricity is not as in demand. Because a different type of meter is required for the time-of-use rate, the customer charge is slightly higher, and customers are required to stay on the rate for a minimum of one year.
On-peak hours are Monday through Friday from noon to 7 p.m., excluding holidays. Off-peak hours are all hours outside of that range, including weekends, and holidays.
How Do I Know if Time-of-Use is Right for Me?
The TOU rate may help customers save money on their electric bill if most of their usage typically occurs during off-peak hours. If you are able to shift your energy use times, consider TOU.
How Do I Shift my Electricity Usage to Off-Peak Hours?
Simple behavior changes or smart technology can make it easy to get the most out of TOU.
- Use appliances such as dishwashers, washers, dryers, etc. either before or after on-peak hours. Some appliances can be programmed to run at a certain time.
- Program a smart thermostat to control your home's heating and cooling. Pre-heat and pre-cool the home before on-peak hours, then turn the heat or AC down during on-peak hours.
- Schedule charging of electric vehicles to take place during off-peak hours.
- Use a timer to run your pool pump during off-peak hours.
- Turn off unnecessary lights and electronics during on-peak hours.
- Explore More Home Energy Saving Tips >>
How Do I Sign Up for Time-of-Use?
To learn more and sign-up, call Customer Service at 781-942-6598.