The price for electricity can vary from day to day and even by hour. You can find out when electricity is cheaper by examining the energy market. When consumer demand for energy is low, you will see the best energy prices. Seasonally, this falls during the spring and fall months when temperatures are mild. During summer and winter, energy use increases due to heating and cooling needs, causing higher electricity rates.
If you're interested in capitalizing on plans that offer flexible rates, enter your zip in the box below to see pricing from a variety of suppliers in your area. You might be eligible for free nights or even weekends!
Some energy suppliers offer time-of-use plans that charge you based on the time of day you use electricity. Lower rates are available during off-peak hours and higher rates are charged during peak hours for the energy market. Specific peak and off-peak hours vary by supplier, but a general rule of thumb is off-peak hours are at night, while peak hours occur during the day. Electricity used during the peak hours of the late afternoon will be more expensive than electricity used in the early morning.
You may be able to do your laundry and other chores for free depending on where you live. Some suppliers now offer plans with free electricity on nights or weekends.
You could save significantly by doing household chores at times when electricity is cheaper according to your plan. If you typically work during the day, you can eliminate large amounts of electricity use by unplugging your devices. Plug them in only during the late evening when energy is cheapest and you are home to use them.
Be sure to check with your supplier about whether one of these types of plans is available in your area. Each plan offers different benefits, and each home or business has different needs so only you can determine which plan is best for you.