Since consumption is billed based on when you use the electricity, utilities usually charge various rates for certain periods of the day. The most common time of use rates are three specific time blocks known as on peak, mid peak and off peak. The higher time of use rates are charged during on peak times, less during mid peak and the cheapest during off peak. These time periods are based in accordance with traditional high to low volume electricity demand.
Smart meter programs are mandated in certain areas in an effort to get electricity consumers to change their behavior when it comes to energy use and to shift this use to lower-demand times of the day. If consumers want to save energy and money, they should be proactive to use the bulk of their electricity during off peak times.
Learn more about smart meters - what they are and how they affect consumers.
Learn ways to save money and energy when you have a smart meter in 6 Things You Must Do if You Have a Smart Meter (if You Want to Save Money)
Read More About Saving Energy:
Energy Conservation Tips
6 Things You Must Do if You Have a Smart Meter
Phantom Power - What it is and What You Can Do to Stop the Flow
Understanding the Yellow Energy Guide Label
How to Save Energy - Video
Zone Heaters - Definition and Use
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