Did you know that you may be able to save money by just using electricty at the right time of day?
Our optional Time-of-Day Pricing Plan enables you to take advantage of lower electric rates during the “off-peak” hours: late in the evening, overnight and all weekend. “Off-peak” hours are those when overall demand for electricity is at its lowest. Yet these same hours may be a convenient time to heat your water, run your clothes dryer, cool your home and use other large electric appliances.
Is this option right for you? On average, customers who use at least 65 percent of their monthly electricity during off-peak hours will save money on the Time-of-Day Pricing Plan. This can be achieved through simple changes such as setting back your thermostat and running major appliances like your clothes washer or dishwasher during off-peak hours.
Time of Day Details
New customers to the Time-of-Day Pricing will pay a lower rate of electricty during the following hours:
- 8 - 8 Plan (8 p.m. to 8 a.m. Monday - Friday)
Off-peak hours also include all day Saturday and Sunday, as well as New Year’s Day, Memorial Day, Independence Day, Labor Day, Thanksgiving and Christmas.
How time-of-day rates work
We can offer you lower electric rates during off-peak hours because our costs as a utility are typically lower at those times. During times of high demand for electricity, we usually pay more for power, because we need to use more expensive power supply resources. During off-peak hours, we can supply power to all our customers more effectively. The Time-of-Day Pricing Plan rewards you with a discount for helping to spread the demand for electricity more evenly over each 24-hour period.
Although you’ll earn a discount for using electricity during off-peak hours, you will pay a premium rate for the electricity you use during on-peak hours. Overall, you will save money if the Time-of-Day Pricing Plan fits your family's lifestyle and daily schedule.
Here is a comparison of electric rates under the optional Time-of-Day plan versus standard rates.
With Time-of-Day Pricing
- Off-peak rate: 6.40 cents per kilowatt-hour
- On-peak rate: 18.50 cents per kilowatt-hour
Without Time-of-Day Pricing
- Standard rate: 11.40 cents per kilowatt-hour
Is the Time-of-Day Pricing Plan right for you?
Participation in the Time-of-Day Pricing Plan is optional and does not involve any enrollment costs. We will need to replace your current electric meter with a special time-of-use meter. You will be required to remain on the plan for one full year from the date the meter is installed. If you wish to return to the standard residential rate option, you may do so without penalty at any time after one year.
Your monthly electric bill will give you details about your usage during off-peak versus on-peak hours. We will also provide an annual statement that shows you how your costs under Time-of-Day Pricing compared to what you would have paid using standard rates. Please call the office at 592-0712 if you are interested in discussing this option further or fill out the enrollment form and return it to City Hall.