Rate option being tested

With our residential rate (Rate D) as it now stands, electricity costs the same regardless of when it is used. In our "Time It Right" Rate Project, the price will vary according to the season and the time of day. In off-peak periods, it will be lower than the current Rate D, and in peak periods, it will be higher.

This type of rate is used in many countries, and we want to determine whether it really does encourage people to spread out their electricity consumption. We also want to ensure that the proposed rates offer enough of a financial incentive to make the option attractive.

Potential savings for participants of the "Time It Right" pilot project

The rates have been calculated to ensure that participants who do not change their electricity usage are billed the same amount on average as with Rate D.

However, if participants do shift some of their consumption to lower rate periods, they will achieve significant savings. Depending on the rate option offered in your test city, your annual consumption and the effort you make to shift some of your electricity use to off-peak periods, you could save 2, 3, or even 4% on your current bill.