Time-Based Rate Programs

Time-Based Rate Programs are electricity pricing structures where the cost of power varies depending on the time of day. Typically, electricity is more affordable during off-peak hours when demand is low and more expensive during peak times when demand is high. These programs encourage consumers to shift their usage to cheaper, less busy periods, helping reduce strain on the electrical grid and often lowering overall energy costs. They benefit both consumers, who can save money, and utility providers, who can better manage energy supply and demand.