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Does anyone have any feedback on Time of use or time of day pricing plans from their power company? I am currently with Blue Ridge Electric Coop and live in Easley. Just wondering anyone's experience in this area with similar plans? Did you save money or not?
I have Duke Energy and have a load control meter which credits $8 per month for 4 months (I think it's May-August) and allows them the option to reduce my available power in the event of a critical need. In the 19 years I've lived at my current location I don't think they have ever needed to reduce my power. At the time I signed up for this program I could have chosen a time of use savings where I agreed to only use certain appliances such as washer/dryer/dishwasher between 11 pm and 7 am, or something like that in exchange for a similar bill credit. You could only choose one savings program at the time. They may not offer these programs to new customers. I may not even still be on the program.
Last fall I received a notice that my meter needed to be replaced because it had stopped working. Apparently if the meter malfunctions and does not send a reading to the billing system they estimate the usage until they can schedule a person to come and check the meter. They said that I had not been billed enough and they spread the difference over the next 3 months and installed a new meter. I never actually talked to anyone, so I don't know if the new meter is a load control meter or not.
We have Duke Energy and I just looked up the other day how we could save. I know if you use less electricity during peak hours, it will help. In the winter (Oct1-May 31), peak hours are 7AM-1PM Mon-Fri. In the summer (June 1- Sept 30) 12PM-6PM.
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