For homeowners who’ve been craving more control over hydro expenses, you’ve been heard. If you’re a homeowner who currently pays Time-of-Use (TOC) electricity prices you can now switch to Tiered prices (if you’d prefer it). Both models have merit. And having the choice means you can now select the pricing model that aligns best with your energy use habits at home.
If you pay Time-of-Use pricing, you pay for electricity based on the time of day you use it. Certain times of the day have higher prices because demand is higher, like noon-5:00PM. Other times of the day have lower prices because demand is lower, like 7:00 PM-7:00 AM.
If you pay via Tiered Pricing, the price of electricity doesn’t change based on the time you use electricity, it changes based on how much you use per month. So you can pay a lower price up to a certain tier. When you go over that tier, a higher price applies.
Learn more about the difference between Time-of-Use and Tiered pricing here to learn which is best for you.
If you have questions about these options and which is best for you and the way you use energy at home, contact us. We’d be happy to walk you through it.