Can time-of-use pricing save me money on my electricity bill?
Yes, time-of-use pricing can save you money by charging different rates based on the time of day. If you use electricity during off-peak hours, you can significantly reduce your bill.
How do I know when the off-peak hours are?
Off-peak hours vary by utility provider, but they typically occur during the night and early morning. You can check your provider's website for specific times.
Are there any downsides to time-of-use pricing?
One downside is that it requires you to adjust your usage habits. If you can't shift your energy use to off-peak times, you might not see savings.
What if I have a smart home system?
A smart home system can help you optimize your energy usage by scheduling appliances to run during off-peak hours, maximizing your savings.
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