Anyone have any experience with tiered electric rates? Out utility put in new enhanced meters last year and started offering tiered rates based on time of day. I signed up, but am somewhat leery. My bills are high and anything I can do to reduce them is good. My utility has 3 rates, 2 most of the time. From 12Am to 7 AM is the lowest, then most days 7AM to midnight is a slightly higher rate but on peak days from 2Pm to 6PM the rates can be 2+ times higher than normal. These peak days are limited to a total of 14 days from 6/1 to 9/30 during the summer. They will notify customers when these peak day occur. In the winter the rates are slightly different, there are only the 2 rates. Under both season plans the weekends are all at the lowest rate. Issue for me is I'm locked in for 1 year.
Rates are lower, enough to make me jump. Off Peak is $.07 vs the $.11 now, and on peak is $.106 with the rates going to $.143 on those 14 possible days.
I'm a night person, so I have no issue doing things late- you see my posts here at 1, 2 and 3AM. So I can toss laundry in late and run the DW late. I have a smart home and can control much of it remotely, including the heat and air - when I use it, but I rarely use the air. My one big expense right now is my dehumidifier, $25/mo. I'm thinking of hard wiring it on, and using my smart home stuff to control it. It will not restart after a power outage -stupid - but I could set it to run almost continuously at the lowest rate and shut off during the higher rate periods. I just ordered a temp/humidity sensor for the system and simply use a smart plug on the dehumidifier.
Anyone using time of day? Any real savings?
Rates are lower, enough to make me jump. Off Peak is $.07 vs the $.11 now, and on peak is $.106 with the rates going to $.143 on those 14 possible days.
I'm a night person, so I have no issue doing things late- you see my posts here at 1, 2 and 3AM. So I can toss laundry in late and run the DW late. I have a smart home and can control much of it remotely, including the heat and air - when I use it, but I rarely use the air. My one big expense right now is my dehumidifier, $25/mo. I'm thinking of hard wiring it on, and using my smart home stuff to control it. It will not restart after a power outage -stupid - but I could set it to run almost continuously at the lowest rate and shut off during the higher rate periods. I just ordered a temp/humidity sensor for the system and simply use a smart plug on the dehumidifier.
Anyone using time of day? Any real savings?
