Skip Nav
Travel
10 Travel Destinations That Will Dominate in 2017
Home Life
Mixing These 2 Household Cleaning Products Could Put You in the Hospital
Holiday Living
This Japanese Method of Gift Wrapping Will Take You 15 Seconds — No Joke!

Could a Time-of-Use Plan Lower Your Electric Bill?

Energy bills can skyrocket in seasons that demand temperature regulation, namely Winter and Summer. SmartMoney has noticed more electric companies offering time-of-use options for customers who are able to minimize their energy use during certain times of the day.

The plans come with lower rates for off-peak times, usually from midevening to early morning, but the rates are much higher for peak-hours use. SmartMoney uses an Arizona-based SRP to explain how time-of-use-plans typically work: the particular company charges 10.73 cents per kilowatt hour during Summer, but a time-of-use plan would charge 20.03 cents for on-peak hours (1 p.m. to 8 p.m. weekdays) and 6.30 cents during the rest of the day.

So, if you're someone with a schedule that regularly keeps you out of the house during peak hours, a time-of-use plan might help to lower your electric bill. Give your electric company a call to check on your options.

Image Source: Getty
Around The Web
Join The Conversation
Spectra Spectra 7 years
This sort of thing would be perfect for me...I work from 2-10:30 pm most of the time, so I'm gone during peak hours.
Belt Trends 2017
Latinas at Victoria's Secret Fashion Show Afterparty 2016
Biggest Celebrity Breakups of 2016
Vin Diesel's Quotes About Paul Walker at Brazil Comic-Con
Queen Letizia of Spain's Jewelry
What Is Krampus?
Sasha Obama's Coat Style

POPSUGAR, the #1 independent media and technology company for women. Where more than 75 million women go for original, inspirational content that feeds their passions and interests.

From Our Partners
Latest Afforable DIY & Organization
All the Latest From Ryan Reynolds