What is the Time-of-Use Rate?
Rather than one standard rate for all hours, time-of-use 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 asked to stay on the rate for a minimum of one year. Time-of-Use is available to residential, commercial, and industrial customers.
On-peak hours are Monday through Friday from 12:00pm to 7:00pm, excluding holidays. Off-peak hours include weekends, holidays, and all other hours not considered on-peak.
The time-of-use rate may help customers save money on their electric bill if the majority of their usage typically occurs during off-peak hours.
Click here for more info on the residential Time-of-Use Rate.
To learn more and sign-up, please contact our Customer Service Department at 781-942-6598.