Originally Posted by Debstmomy
What the poster is talking about is a "time of use" meter. It is a special meter that records what time the kwh are used. It really depends on where you live & your lifestyle to make this work for you. When I worked for the electric company, I saw customers that used this rate have OUTRAGEOUS bills!!! Way more than the standard rates. The only ones it worked for were those that put them on vacation homes in the mountains. We are in so CA btw...where this rate really does not work.
People who sign up for TOU and put their water heaters on timers, and who only do laundry and run dishwashers in the off peak hours do really well with it. It won't lower the bill if the people who sign up for TOU continue to wash and dry laundry and to heat water during the peak hours.
I had TOU when I lived in Phoenix, and it cut my electric bills in HALF during the summers - I turned my A/C OFF while I was gone, and that was the bulk of my electric usage.