How does time-of-use pricing affect my electricity bills?
An example of an AI chatbot conversation about time-of-use pricing and its effects on bills.
How does time-of-use pricing affect my electricity bills?
Time-of-use pricing charges different rates for electricity based on the time of day. Typically, rates are higher during peak hours and lower during off-peak hours.
Can you give me an example of how this works?
Sure! For instance, if your utility charges 20 cents per kWh during peak hours (5 PM to 9 PM) and 10 cents during off-peak hours (midnight to 6 AM), using more electricity during off-peak times can significantly lower your bill.
What strategies can I use to save money with this pricing?
You can shift your energy usage to off-peak hours, like running your dishwasher or laundry at night. Also, consider using smart home devices to automate this.
Are there any downsides to time-of-use pricing?
Yes, if you use a lot of electricity during peak hours, your bills could increase. It requires careful planning to maximize savings.
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