Making New Time-of-Use Rates Work for Your Business
Southern California Edison business customers on a Time-of-Use (TOU) rate plan can reduce their energy costs by reducing or shifting some or most of their energy usage away from the new “On-Peak” hours of 4-9 p.m. to periods of the day when energy is less expensive.
As of March 1, SCE changed the TOU “On-Peak” hours for nearly all its business customers to 4-9 p.m. (some agricultural/pumping customers can choose a 5-8 p.m. option). The reason comes down to the basic business concept of supply and demand.
California now has an abundance of clean, renewable energy on the electric grid during morning and midday hours. That’s pushing costs down during those hours. In fact, SCE has introduced a new Super Off-Peak TOU period from 8 a.m.-4 p.m. (or to 5 p.m. for some agricultural/pumping customers) every day from October through May. That means for eight months a year, most daytime hours will be the lowest priced TOU period of the day.
This infographic offers tips on making a TOU rate plan work for your business. Learn about rate options for your business by trying SCE’s online Rate Plan Comparison Tool at sce.com/ratetool.