What is time-of-use pricing?
An example of an AI chatbot conversation about time-of-use pricing for electricity.
Can you explain what time-of-use pricing is?
Time-of-use pricing is a billing method where electricity costs vary based on the time of day.
Why do electricity prices change throughout the day?
Prices change to reflect the demand for electricity; higher demand during peak hours leads to higher prices.
How can I save money with time-of-use pricing?
You can save by using electricity during off-peak hours when rates are lower, like late at night or early morning.
Are there any tools to help me track my usage?
Yes, many utility companies offer apps or online tools to monitor your usage and costs based on time-of-use pricing.
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