time of use
When something's active
Time of use describes pricing or rate structures that vary based on when something is consumed, most commonly electricity.
Utility companies charge more during peak demand hours and less during off-peak periods, encouraging customers to shift usage to cheaper times: Our time-of-use plan makes running the dishwasher at night much cheaper.
Often abbreviated TOU.
- peakUtmost height attained
- peak hoursBusiest usage times
- off-peak hoursTimes of reduced demand
- schedulePlan of timed events
- tariffTax on traded goods
variable rate · electricity · electric bill · meter · smart meter · rate · billing · demand · power grid · pricing · grid · consumption · kilowatt · evening · utility · charge · energy · energy savings