Time-of-use pricing is a powerful way to save money by taking advantage of different electricity prices at different times of the day. The cost of electricity is highest during peak periods (e.g. early in the evening) and cheapest during off-peak periods (e.g. later at night). With time-of-use pricing, you can save money by changing your habits.. If your meter is set to Time of Use, you'll pay different rates for electricity during different times of the day and night. These are called peak and off-peak rates - and sometimes you may have a shoulder rate as well. In short: peak is when energy costs the most. shoulder (if applicable) is a bit less than peak. off-peak is when energy is.

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In contrast to peak (or 'on-peak') electricity hours, off-peak hours are when electricity demand and consumption are at their lowest. With that, off-peak hours are also when electricity prices are the cheapest. Off-peak rate and hours can vary depending on your location and utility. Although, off-peak hours will often be when homeowners and.. The program gives about 9000 eligible households 10 units of zero-cost electricity in off-peak times, which is about three-quarters of an average household's daily usage.