Oops, put on both laundry and d/w this morning at 7 a.m. then half an hour later stumbled on the fact that the Time of Use hydro rate changed yesterday from summer to winter rates: Peak now is at 7 a.m. until 11 a.m. Difference between Peak and Off peak is double. 15.1¢ Peak to 7.4¢ Off Peak and Mid Peak is 10.2¢ /kWhr
"Time of Use rates are designed to promote conservation and reduce peak demand for electricity. Peak demand happens when we all use electricity at the same time. Unlike most commodities, electricity cannot always be stored and must be generated in real time to meet Ontario’s needs.
With Time-of-Use rates, there is a financial incentive for you to conserve energy and to shift some consumption away from on-peak periods."
"Time of Use rates are designed to promote conservation and reduce peak demand for electricity. Peak demand happens when we all use electricity at the same time. Unlike most commodities, electricity cannot always be stored and must be generated in real time to meet Ontario’s needs.
With Time-of-Use rates, there is a financial incentive for you to conserve energy and to shift some consumption away from on-peak periods."
