Here's how it works: On the standard rate, there is no difference in what you're charged for electricity use during peak and off- peak periods. But with TOU rates, you pay a lower rate for off- peak usage and a higher rate for peak period usage.
What is the cheapest time of day to use electricity?
Electricity is often cheaper late at night or early in the morning, so those will be the times when you can save money on your electric bill. This is because these are typical off-peak hours when not as many people are using electricity.Nov 11, 2021
Is it cheaper to use electricity after 6pm?
Electricity is often cheaper late at night or early in the morning, so those will be the times when you can save money on your electric bill. This is because these are typical off-peak hours when not as many people are using electricity.Nov 11, 2021
What hours of the day is electricity most expensive?
Demand for electricity is highest Monday through Friday between noon and 8 p.m. That's when businesses and industry are using the most energy. Demand is lower in the morning and evening on weekdays, and anytime on weekends.
What are the peak hours for FPL?
To benefit, you must shift electricity use away from these on-peak hours, Monday through Friday: April 1 to Oct. 31, noon to 9 p.m.
What is peak hours for electricity?
Peak hours also known as ?on-peak? hours are when electricity demand is the highest, you pay the highest amount per kWh. In the summer, these hours are typically from 10:00 am- 8:00 pm during weekdays. In the winter, these peak hours are typically around 7:00 am to 11:00 am and 5:00 am to 9:00 pm.
What is the cheapest time of day to run electricity?
Electricity is often cheaper late at night or early in the morning, so those will be the times when you can save money on your electric bill. This is because these are typical off-peak hours when not as many people are using electricity.Nov 11, 2021
Do electric rates go down at night?
Electricity is often cheaper late at night or early in the morning, so those will be the times when you can save money on your electric bill. This is because these are typical off-peak hours when not as many people are using electricity.Nov 11, 2021