What are the differences between time-of-use pricing and flat-rate pricing?
Time-of-use pricing charges different rates based on the time of day, while flat-rate pricing charges a single rate regardless of usage time.
Which one is better for saving money on my electricity bill?
It depends on your usage patterns. If you use more electricity during off-peak hours, time-of-use pricing can save you money.
Are there any drawbacks to time-of-use pricing?
Yes, it can be challenging to adjust your usage habits, and you might end up paying more if you use electricity during peak hours.
How do I know if time-of-use pricing is available in my area?
You can check with your local utility provider or their website to see if they offer time-of-use pricing plans.
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