Tips for saving money on the Time-of-Use Price Plan
With this plan, you can save money by limiting energy use weekdays from 1 to 8 p.m. between May and October. These are the on-peak hours when energy costs are higher. All other hours, including weekends and holidays are off-peak and priced lower. Between November and April, on-peak hours are weekdays from 5 to 9 a.m. and 5 to 9 p.m.
Cooling and heating
- Air conditioning can account for 50% or more of your total summer energy costs. Consider installing a programmable or smart thermostat to automatically control your air conditioner and furnace or heat pump.
- During the summer, set your thermostat to 85 degrees when you're away from home. For every degree you raise your thermostat above 80, you can save 2-3% on cooling costs.
- During the cold winter months, set your thermostat
between 68 and 70 degrees when you're home and to 65 degrees or
lower when you're away. For each degree you lower
your thermostat, you can save 2-3% on heating costs.
NOTE: Some thermostats offer advanced features that will achieve your set temperature by the time programmed instead of starting at the time programmed. Check the instruction manual or manufacturer's website to verify advanced features.
- Your pool or spa pump can account for 13% of your home energy use. Install a timer and run your pump only as long as needed each day to keep the water clean.
Appliances and other devices
- Don't preheat your oven for too long, and turn it off 15 minutes prior to completion. Grill outside or use the microwave to keep the kitchen cool.
- Avoid running the dishwasher, but if you do, be sure to run it with a full load. Use the "energy-saving" button to save up to 20% on your dishwasher's energy costs. Approximately 12-20% of your annual energy costs are from heating water.
- Typical households wash and dry nearly 400 loads of laundry each year. Operate your washer and dryer during off-peak hours to save money.
- Install and set a timer for the electric water heater to prevent on-peak heating. Turning down the thermostat to 120 degrees can save up to $7 a month.
- Some electronic devices consume energy even when they're turned off. Plug these "vampire" appliances into a power strip that can easily be turned off during on-peak hours.