Every time the cost of gas, groceries, and other household goods increases, it impacts your wallet. Unfortunately, many Americans live paycheck to paycheck. Therefore, increased costs can mean Johnny doesn’t go to summer camp or Susie doesn’t get braces. At the same time, everyone can benefit from helpful hints and tips to save money, especially lesser-known ones. For this reason, North American Home Services explains how to save energy costs by limiting appliance use to certain times of the day.
Peak Hours = Higher Rates
Utility companies often charge more money during peak hours. As you may guess, peak hours are time windows where most people actively consume energy. Most often, peak hours occur from 4 PM – 9 PM. However, please don’t assume that’s always the case. Instead, view your utility company’s readings to determine peak hours for your area.
If you want to know how to save money on energy costs, one of the best ways is to use appliances during downtimes. During downtimes, the electrical grid can better manage the load. In turn, that can save you money. For example, running your dishwasher or laundry overnight or in the early morning hours will help.
California utility companies offer something called time-of-use (TOU) plans. Consumers who participate in TOU plans can save money by consuming energy during non-peak hours. Again, TOU plans incentivize community members to lessen the burden on the electrical grid through cost savings. Moreover, some utility companies offer discounted pricing for things like electric cars. Speaking of which, charging those overnight also reduces your cost.
Standard Plans vs. TOU
Consumers pay a static monthly amount in standard utility plans, which is adjusted annually for energy consumption. Another option is to pay month-to-month, depending on your usage. In California, the state requires those with solar panels to use TOU plans. However, most others have the option.
As stated earlier, peak hours can fluctuate. Fluctuations occur not only by day but also by season. If you want to know how to save money on energy costs, you’ll want to be clear on your specific non-peak hours. Hours can fall into three categories: peak, non-peak, and partial-peak. Moreover, these hours vary by time of day, day of the week, and season. If you know you use electricity during non-peak hours, you may benefit from a TOU plan.
Changing the time of day that you use your appliances may be easier than you think. Today, many appliances have scheduling features, which allow you to set a specific time for use. This is a great way to take advantage of cost savings while also making life easier for you.
Can a TOU plan with your utility save energy costs for you? Call your utility company and see. In the meantime, if you need a home inspection, pest control treatment, or home repairs, call the professionals at NAHS Pro at (916) 481-0268 or schedule an inspection online.