Get the free Time-of-Use RaTes - Con Edison

WWW.conEd.com Time-of-Use Rates OFF-PEAK HOURS Can LOWER YOUR COSTS Time-of-Use Rates: A Strategy for Savings Con Edison’s Time-of-Use rates can help you save money if you can shift when you use

How to fill out time-of-use rates - con

How to fill out time-of-use rates - con:

1. Research: Start by researching the different time-of-use rates offered by your utility provider. Understand the peak and off-peak hours and the corresponding rates for each time period.
2. Evaluate your energy usage: Analyze your energy consumption patterns to identify the appliances or activities that consume the most electricity. This will help you determine if time-of-use rates will benefit you by saving money during off-peak hours.
3. Monitor usage: Install smart meters or energy monitoring devices to track your energy usage accurately. This will enable you to assess the impact of using time-of-use rates and make adjustments accordingly.
4. Calculate potential savings: Use energy usage data to calculate potential savings by comparing your current energy bill with what it would be under the time-of-use rates. Consider factors such as your lifestyle, energy-efficient appliances, and whether you can shift some activities to off-peak hours to maximize savings.
5. Consider lifestyle and routines: Evaluate your lifestyle and daily routines to ascertain if you can adapt to time-of-use rates. For example, if you mostly use energy during peak hours, it might not be advantageous for you.
6. Opt for a trial period: Some utility providers offer trial periods for time-of-use rates. Take advantage of this opportunity to assess if these rates align with your energy consumption habits and provide cost savings.
7. Fill out the application: Once you have decided to proceed with time-of-use rates, contact your utility provider to obtain the necessary application form. Fill out the form accurately, providing all the required information and specifying your preferred time-of-use rate plan.
8. Submit the application: Follow the instructions provided by your utility provider to submit the completed application form. Ensure that you meet all the deadlines and include any supporting documents if required.

Who needs time-of-use rates - con:

1. Individuals with flexible energy consumption habits: Time-of-use rates are more beneficial for people who can adjust their energy usage to off-peak hours, such as those who can run high-energy appliances like dishwashers, washing machines, or pool pumps during the cheaper periods.
2. Environmentally conscious individuals: Time-of-use rates can encourage individuals to shift their energy use to times when renewable energy production is high, promoting a greener and more sustainable lifestyle.
3. Businesses with non-standard operating hours: Businesses that operate outside of traditional 9-5 working hours, such as restaurants, theaters, or hospitals, can take advantage of time-of-use rates by shifting energy-intensive activities to off-peak hours, reducing their overall energy costs.
4. Individuals seeking cost savings: Time-of-use rates can potentially help individuals save money on their energy bills if they can adapt their energy consumption to off-peak hours and reduce energy use during peak hours.
5. Customers with energy-efficient appliances: If you already have energy-efficient appliances that consume less electricity, using time-of-use rates can further optimize your savings by utilizing these appliances during off-peak hours when the rates are low.

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