We just received notice that our rates are changing effective March 1st including a new "On-Peak" rate structure. They are quick to point out that the "Off-Peak rates are dropping from 11.5¢ to 4.7¢. But, you have to look hard to find the On_peak rates. Well, after a little searching I found
So for the On-Peak charges they are only going to charge me for the highest use one hour period during the month at a resaonable $12 per kW. So, if I use 3 kW in that hour my on peak charge is $36.
Time to invest in timers for all my high use items......
To determine the On-Peak charge (traditionally known as a demand charge), the highest ONE hour of energy use is identified from the On-Peak hours in each billing period. That ONE hour is billed at the On-Peak charge per kW.
So for the On-Peak charges they are only going to charge me for the highest use one hour period during the month at a resaonable $12 per kW. So, if I use 3 kW in that hour my on peak charge is $36.
Time to invest in timers for all my high use items......