Across the country, utilities are beginning to introduce innovative rate structures for residential energy consumers. These rate structures–from time-of-use rates to demand charges to real-time-pricing–all have a common goal: to incentivize customers to consume energy during times when the cost of generating electricity is cheap, and to disincentive energy consumption when the cost of generating electricity is high. As a result, understanding the ins and outs of a time-of-use rate can help you reduce your monthly cost of energy.Continue reading
Tag Archives: time of use electricity
What are off-peak electricity hours?
It’s becoming increasingly popular for utilities to offer time-of-use (TOU) plans to their residential customers. In a standard electricity plan, you pay the same rate for your electricity regardless of the time of day. However, with TOU plans, the rate you pay for electricity depends on the time energy is drawn from the grid. So, you’ll pay different amounts based on a schedule developed by your utility company of peak hours, off-peak hours, and in some cases, super off-peak or partial-peak hours. We discuss what this means for you and how it impacts your electric bill.Continue reading
How many watts does a Peloton exercise bike use?
Peloton is all the rage, and home exercise equipment in general is more popular than ever. Their exercise bikes are more or less unique on the market in that they actually consume energy, which powers the large touchscreen on the front, where you watch and participate in classes. While not nearly as power-hungry as appliances like air conditioners or washing machines, it can be helpful to know how much electricity your Peloton uses when you’re looking at your whole home’s energy usage.Continue reading
What is critical peak pricing?
As we continue to move towards a more modern grid–and a more educated electricity user!–utilities across the country are beginning to introduce electricity rates that better align the price we pay for electricity with the cost of producing it by varying the price of electricity based on the time it’s consumed. Critical peak pricing (CPP) is one such time varying rate plan that charges more for electricity during certain periods of peak demand, but also allows you to lower electricity spending–and even receive bill credits–by reducing usage during these times.Continue reading
What’s on your business’s electricity bill?
Electric utility costs can represent a significant portion of annual operational expenditures for businesses. While there are many ways to reduce how much your company spends on electricity (like solar!), the first step to reducing your electricity bills is to understand what’s on them: what are the components of your electricity bill, how do they impact the price you pay for electricity, and what can you do to reduce those costs?Continue reading
How many solar batteries do I need?
Solar batteries are becoming more and more common for individual homeowners, and just like solar panels, the exact battery installation you should get depends on your unique situation and what you want to get out of energy storage. The question “how many solar batteries do I need?” doesn’t have a straightforward answer – in this article, we’ll outline the major factors that contribute to the size of a battery system, and around how large your solar battery setup should be.Continue reading
Which SDG&E rate schedule is best? Understanding peak hours
Are you a customer of San Diego Gas and Electric (SDG&E)? Whether you currently have solar panels on your roof, are considering solar, or don’t have any plans to generate your own electricity, SDG&E’s time-of-use (TOU) rates will have an impact on your monthly electricity costs. In the past, all SDG&E customers had the option of switching to TOU rates or remaining on their existing rate schedule. However, this began to change in early 2019 when SDG&E began the process of moving all residential customers (with a few exceptions) to a TOU plan. When it comes to choosing the right rate plan for your property, the best option for your home depends on your electricity use habits.Continue reading
Navigating the California Solar Mandate: a helpful guide to buying a new home with solar panels in California
Buying a home is one of the most significant and rewarding decisions you can make. As of January 2020, Californians will have the added exhilaration – and potential stress – of acquiring a rooftop solar panel system at the same time.
That’s because the California Building Standards Commission (CBSC) approved a state-wide mandate requiring most new single-family homes, including multi-family residential buildings up to three stories, to install solar panels. The first-of-its-kind California solar mandate is designed to make new homes in California far more energy-efficient while saving homeowners tens of thousands of dollars on electricity costs.
To help people understand what it means to buy a new home with a solar energy system, EnergySage created the California Solar Mandate Guide: an educational resource for knowing what questions to ask prior to buying a solar-powered home. But before we dive into our tips and suggestions, let us first explain why paying a bit more for your new home just to have solar on it makes a ton of sense.Continue reading
How to determine what electric rate you’re on
A recent report from the Smart Energy Consumer Collaborative found that half of all electricity customers don’t know what electric rate they are on, which begs the question: what electric rate are you on? And what do different electricity rates actually mean?Continue reading
Which SCE rate schedule is best for solar? Understanding peak hours
Southern California Edison’s (SCE) new time-of-use (TOU) rate plans went into effect in March 2019, affecting the utility’s entire coverage area. Whether you have solar panels on your roof, are considering solar, or don’t have any plans to generate your own electricity, the time-of-use (TOU) rates will have an impact on your monthly electricity costs.Continue reading