Under the new Duke R-TOU Time-of-Use Rate program, you pay a higher on-peak rate during specific times of the day when demand for electricity is high, a shoulder rate for medium-demand hours, and an off-peak rate during the rest of the time – when demand for electricity is lower.
You could save you money IF you can shift some of your electric use away from peak electric use periods. The more electric-use you shift away from on-peak and shoulder hours, the more money you could save.
In the cooling season, on weekdays, from April through September you pay the on-peak rate from 1 p.m. to 6 p.m.; a shoulder rate from 11 a.m. to 1 p.m. and from 6 p.m. to 8 p.m.; and pay an off-peak rate during the remaining hours in the day, including weekends and holidays.
In the heating season, on weekdays, from October through March you pay the on-peak rate from 6 a.m. to 9 a.m.; shoulder rate from 9 a.m. to noon and 5 p.m. to 8 p.m.; and pay off-peak rate during the remaining hours in the day, including weekends and holidays.
The more you shift your electric-use from on-peak and shoulder hours to the off-peak hours, the more money you can save.Do simple things like adjusting your thermostat when you leave for work. Run your dishwasher well after you get home. Do laundry on weekends.
How do savings get measured? You already have a digital meter that differentiates between on- and off-peak and shoulder hours. It will track your reduced and shifted electric-use at the time-specific kWh rates. If you elect the R-TOU rate you will be transitioned onto the rate between January and April 2014. A Duke Energy representative will make the necessary changes to your electric meter to enable the new rate.
If you have questions click the Frequently Asked Questions button to the right or call us at 1.800.452.2777.