Have you ever wondered why you pay the same price for electricity no matter whether every one of your neighbors is sucking power out of the grid, or you are the only one in your area using a lot of power?
Electrical companies spend massive amounts of money and resources to provide a surplus of power to consumers, so that they can accommodate all of the people that want to use power for their daily activities. They would love the opportunity to produce a little bit less and save those resources for future generations, and if people would use power in a more distributed fashion, with different people using the power grid at different times, it would be possible for them to do this.
In order to promote this kind of system, a lot of power companies have implemented Time of Use programs as an incentive to get people to use power during "off peak" hours, when most of the others on the power grid are not using electricity as much. The people on the plan will pay less per unit of power consumed during off peak times, and more during peak times, and usually end up spending less overall because if it is significantly cheaper, you might be more inclined to do your washing or gaming in the evening during the week rather than the weekend, for instance.
Although estimates vary, you could easily save 25 to 50 dollars on your electric bill each month by using such a system.
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