Time-based Rate Plans

Time-based rate plans are electricity billing structures that vary the price you pay based on the time of day or week. During peak periods when demand is high, rates are higher to encourage energy use elsewhere. Conversely, during off-peak times when demand is lower, rates are reduced, saving you money. This approach helps balance grid load, promotes energy efficiency, and can lower overall energy costs for consumers willing to shift usage to less busy times. It enables both utilities and consumers to manage energy more effectively while promoting sustainable consumption.