Does Time of Use (TOU) Rate Really Save You - Reddit

So with buying an EV, I changed to the TOU tariffs, as I knew I'd be able to charge at the overnight rate, or the really cheap daytime rate, both of which were cheaper than the flat rate. …

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Does Electric Time Of Use Pricing Make Sense For The Consumer?

2 weeks from now

Can’t figure it out for sure, but it seems current flat rates go away and TOU flat rate is the flat rate you get if you opt out. $12/Mo is added if you opt out of TOU as they will have to manually …

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How To Determine If A Time Of Use Rate Makes Sense For Me

2 weeks from now

Mar 12, 2024 · If yes: peak rate is $0.2836 and off peak rate is $0.2026 If not: peak rate is $0.3258 and off peak rate is $0.2448 I can program most heavy electricity use for off peak …

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FAQs about Does Time of Use (TOU) Rate Really Save You - Reddit Coupon?

How do TOU rates work?

With TOU rates, you pay based on the time of day, season, or day that you use electricity. There are two different TOU rates: Peak rates: These are the highest rates and apply during the times when electricity is most in demand. Off-peak rates: These are the lowest rates and are used during the times when electricity is least in demand. ...

What are the benefits of time-of-use rates?

There are several benefits to Time-of-Use rates: TOU rates can save you money on your electric bill. That is because off-peak rates are lower than peak rates. This means that you can save money on your electricity bill by using electricity during the off-peak hours when rates are lower. ...

How do time-of-use rates work?

Time-of-Use rates are becoming increasingly crucial for solar customers. It is essential to understand how they work and what they mean for your electricity bill. TOU is a rate structure in which a customer is charged different rates for electricity depending on the time of day. There are two periods: peak and off-peak. ...

What is Tou & how does it work?

TOU is a rate structure in which a customer is charged different rates for electricity depending on the time of day. There are two periods: peak and off-peak. Peak hours are generally when people use the most electricity, like in the morning or evening. Off-peak hours are usually when demand is lower during the middle of the day. ...

How can I save money on time-of-use rates?

Repeat this process with other household appliances, such as your washer and dryer, and the savings add up quickly. Investing in solar is another great way to decrease your exposure to peak pricing on time-of-use rates. Even more beneficial is an investment in solar-plus-storage. ...

How do you make the most out of a time-of-use rate?

There are a number of ways to make the most out of a time-of-use rate. The simplest and easiest to implement is to use your appliances during the hours when electricity is the least expensive. Even slight changes could produce visible savings for customers who take the initiative to shift consumption habits. ...