Time of use (TOU) Electricity billing is an arrangement in which homes pay more for grid electricity during times of day when demand tends to be high (‘peak’), and less when demand is usually low (‘off-peak’ and ‘shoulder’). TOU schedules vary depending on where you are and who is selling you electricity, but in all cases it’s possible to save significant amounts of money through strategic timing of energy use. carbonTRACK makes it easy to make the most of a TOU billing setup – whether you’ve got solar, batteries or neither. Here’s how our energy management system help you to maximise savings under time of use billing… 1. Use more electricity when rates are low TOU billing is usually set up so that rates are higher when you’re more likely to be consuming electricity. For residences, this usually means late afternoon, while for businesses it might be more like 9am to 5pm. The flip side of this is that customers on TOU billing can save money by running appliances and devices when electricity is cheaper – i.e. during the off-peak times (when electricity is at its cheapest – usually overnight) and shoulder times (when electricity rates are in between – […]

The post Time of use billing? 4 ways to save more money with carbonTRACK appeared first on carbonTRACK.