Lisa submitted the following tip:
We recently switched to a “Time of Use” plan with our energy company. Rather than a flat rate for electricity, our rate now varies depending on the time of day. The rates for off-peak times are one-third of what they used to be, while the rates for peak times are twice as much. Programs vary, but our peak times are Monday through Friday from 10AM to 9PM. Everything else (plus designated holidays) is considered off-peak.
If you can shift 65% of your electricity usage to off-peak times, you will start to save. We now only do our big ticket energy activities (laundry and dishwasher) during off-peak hours. We’ve also shifted many other activities like charging the laptop and baking to help the savings grow. Note that this program is for electricity only, so our gas rates (which is how we heat our home) remain the same.
We also find that we’re more likely to play a family game rather than watch a movie or go for a walk rather than waste time on the computer. Regardless of the dollar savings, our family has definitely benefited from this program.
After three months, we have already saved 25% off last year’s electric bills. At this rate, the savings will be saving over $200 this year. -Lisa