time-of-use
Rate varies hourly
Time-of-use refers to electricity pricing that varies based on when energy is consumed, typically divided into peak, off-peak, and shoulder periods.
It incentivizes users to shift consumption to times when demand is lower and generation costs are cheaper.
Time-of-use rates are enabled by smart meters, which record energy usage in intervals rather than cumulatively.
This pricing model emerged alongside grid modernization efforts and dynamic pricing strategies.
Switching to time-of-use rates helped reduce our electricity bill by running appliances during off-peak hours.
Establishing monetary amounts charged
- tariffTax on traded goods
- peakUtmost height attained
- off-peakOutside busiest hours
- kilowatt-hourUnit measuring electrical consumption
demand · grid · metering · rate · shoulder · utility · consumption · billing
Transport payment
- congestionExcessive accumulation causing blockage
- peakUtmost height attained
- rush-hourDaily commute congestion period
- commuterOne who travels regularly
toll · ridership · off-peak · discount · subway · metro · pass · zone
Artificial water supply for agriculture
- municipalOf city government
- tieredHaving multiple levels
- droughtProlonged water scarcity
- conservationPreventing waste or loss
metering · allocation · seasonal · pricing · scarcity · rationing · billing · consumption
Assigning times to events
- appliancePowered household device
- thermostatAutomatic climate control device
- automationSelf-operating system design
- chargingRestoring electrical power
laundry · dishwasher · EV · optimization · programmable · flexibility · adjustment · planning
pricing
Establishing monetary amounts charged
kilowatt-hour · demand · grid · metering · rate · shoulder · utility · consumption · billing · energy
fare
Transport payment
- congestionExcessive accumulation causing blockage
- peakUtmost height attained
- rush-hourDaily commute congestion period
commuter · toll · ridership · off-peak · discount · subway · metro · pass · zone · surcharge
irrigation
Artificial water supply for agriculture
conservation · metering · allocation · seasonal · pricing · scarcity · rationing · billing · consumption · utility
scheduling
Assigning times to events
- appliancePowered household device
- thermostatAutomatic climate control device
- automationSelf-operating system design
charging · laundry · dishwasher · EV · optimization · programmable · flexibility · adjustment · planning · awareness
- utility rateswholesale rates, retail rates, water rates, seasonal rates, peak rates