Regulated Price Plan - Time-Of-Use (TOU) Pricing
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What is Time-Of-Use (TOU) Pricing?
Time-Of-Use pricing is an electricity pricing structure that varies depending on the time of day, day of the week (weekday, weekend or holiday), and the season.
This pricing structure better reflects the way electricity prices work in the electricity market. Electricity market prices rise and fall depending on our demand for it and the availability of supply.
Why Change to Time-Of-Use Pricing?
Under the current Regulated Price Plan (RPP), the price you have been paying for electricity is the same no matter what time of day you use it. This leaves very little financial incentive for consumers to shift their usage to off-peak times of the day.
With rates that fluctuate at varying peak demand times in a 24-hour period, you will have the opportunity to change your electricity usage to off-peak times when electricity is least expensive.
What Can I Do to Make a Difference?
By identifying the items in your home that use the most electricity, you can then find ways to either shift (or cut back on your use) to less expensive times of the day.
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This document was last modified on 05-01-2014.