How residential Time-of-Day Rates (TOD) work
On a Time-of-Day rate, when you use electricity is just as important as the amount of electricity you use because you pay different rates for electricity based on the season and the time of day that you use it.
Rates are lower during off-peak periods because it costs us less to produce or purchase power. Rates increase when both the demand and cost for electricity increase, especially during the summer months.
TOD rates give you flexibility to help you control your electric bill by:
- Shifting your electricity use to off-peak times
- Using less during peak hours, and
- Reducing your overall usage.
If you own or lease a rooftop solar system or plug-in electric vehicle, you can enroll in our Time-of-Day (4-7 p.m. Peak) Rate now. This rate closes to new enrollments December 31, 2017.
We’ll have a new Time-of-Day (5-8 p.m. Peak) Rate that will be the standard rate for all residential customers beginning January 1, 2019. If you own or lease a rooftop solar system or plug-in electric vehicle, you can enroll in this new rate beginning January 1, 2018. Learn more and submit your interest now for early enrollment in the new rate here.
It’s important to conserve during peak hours
The goal of Time-of-Day pricing is to reduce how much electricity we use during peak hours. Demand for electricity soars during the summer months, especially during weekday late afternoon and early evening hours.
To meet this higher demand, we often have to buy energy from very expensive and less environmentally-friendly sources. We can avoid purchasing less desirable forms of energy and building more power plants by reducing electricity use during peak periods. We all absorb the high costs, but the environmental costs affect the entire planet.
By shifting when you use electricity, you can save on your electric bill and reduce the impact to the electric grid and our community.