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This is probably a matter that goes under the radar for most people, and it offers potentially huge financial savings for many of them.
Most of us get our electricity bill every month, pay it, and try to forget about it. Or we have autopay set up and don’t hardly think about it, beyond balking at high bills as the price of electricity and electricity usage go up.
However, if we learn about our utility’s time-of-use electricity pricing, there’s a lot of money on the table. And who doesn’t want more money?
The short and sweet of it is that electricity can cost vastly different amounts depending on the time of day or night. Electricity can cost several times more during periods of high electricity demand than during periods of low demand. Learn those times, plan your electricity usage around them where possible, and pocket the savings! (Disclosure: Not all utilities use time-of-use pricing. Also, for some of them, you have to choose which electricity plan you are on, some with time-of-use pricing and some without it.)
