Time of Use Rate
It’s a new year and we are excited to provide a new rate option for residential accounts. Most of our members pay the standard, residential rate – a flat rate for power, no matter what time of day or month it is used. But if you’re looking to save extra money and take control of your energy use, you might consider switching to our new Time-of-Use (TOU) rate.
Residential Time of Use (TOU) Rate Per Month:
This rate is available on a voluntary basis to year-round single-phase residential consumers who would otherwise be served under the Residential Service schedule
Basic Service Charges: $25.00/month
All Super Off-Peak Energy 6.25¢ per kwh
All Off-Peak Energy Winter 9.91¢ per kwh
All Off-Peak Energy Summer 14.02¢ per kwh
All On-Peak Energy Winter 34.48¢ per kwh
All On-Peak Energy Summer 48.76¢ per kwh
Determination of On-Peak & Off-Peak Periods:
On-Peak, Off-Peak, and Super Off-peak Hours shall be defined as the following:
A. For the period May 1 - October 31, the On-Peak Hours shall be the hours between 3PM & 6PM, Monday through Friday, excluding designated holidays.
B. For the period November 1 - April 30, the On-Peak Hours shall be the hours between 6AM & 9AM Monday through Friday, excluding designated holidays.
C. The Super Off-Peak Hours shall be the hours between 10PM & 5AM for all days of the week.
D. The Off-Peak Hours shall be all other times
Designated holidays considered off-peak shall be New Year’s Day, Memorial Day, Fourth of July, Labor Day, Thanksgiving Day, and Christmas Day.
Frequently Asked Questions:
What is a time-of-use rate?
A time-of-use (TOU) rate is based on the time during which you use electricity. Similar to peak pricing used for air travel, cell phone or hotel stays, time of use electric rates mean that you pay a lower rate during periods of low demand (off-peak) and high rates during periods of high demand (on-peak). This price structure encourages the most efficient use of the electric system while reducing overall costs to you and the cooperative.
When are on-peak times?
The on-peak times vary from summer to winter. Our summer on-peak times are May 1 through October 31 from 3pm to 6pm. Energy used during this time costs 48.76¢ per kwh. Our winter on-peak times run November 1 through April 30 from 6am to 9am. Energy used during this time costs 34.48¢ per kwh.
Energy that is used during off-peak hours in the summer is 14.02¢ per kwh and energy used during off-peak hours in the winter is 9.91¢ per kwh. Best of all, energy that is used during the super off-peak hours of 10pm & 5am costs 6.25¢ per kwh. The off-peak pricing stays the same year round.
On-peak times to not apply during weekends and designated holidays, including New Year’s Day, Memorial Day, Fourth of July, Labor Day, Thanksgiving and Christmas Day.
Could I benefit from a time-of-use rate?
Every household is different and every member has to decide what works for their unique situation. Members who are willing to reduce electric use during peak periods and shift use from peak to off-peak hours will benefit the most from this rate. Generally, TOU rates work best for people who are gone during the day and are able to be flexible with when they use the most energy.
To get an estimate of your potential savings, please call us at (252)995-5616.
How can I shift my energy use?
Some recommendations for success:
Heating & Cooling:
- Consider installing a programmable thermostat, like the ecobee models that CHEC sells to members at a discounted rate, to help with scheduling and control.
- During the winter lower your thermostat a few degrees and raise it a few degrees in the summer months.
- Use a fan rather than air conditioning on milder days.
Appliance & Other Devices
- Run your dishwasher before or after peak times
- Use the delay function to run your washing and dryer during off-peak times.
- Install a timer on your water heater so it only runs during times you’re likely to use hot water
- If you have an electric vehicle, program your home charger to charge at night, during super-off peak hours.
- Use a timer for your pool pump and schedule it to run overnight.
- Install occupancy sensors on lights in your home. Use as few lights as possible during on-peak times.
What if I want to change back to a traditional rate?
There is a 12-month commitment once you enroll in this rate. If you change your mind and want to switch back prior to the end or the 12-month period, a $100 charge will be added to your account to cover the cost of the meter change.
How can CHEC offer such a low rate for off-peak and super off-peak times?
During certain times of the day there is greater demand for electricity. These times tend to be during cold mornings when everyone is turning up their heat and taking hot showers, or on hot afternoons when people return home and want their air conditioner to work extra hard while they prepare dinner. These “peak” times are when the CHEC pays the most for the electricity it purchases. Energy supplies are plentiful overnight when demand is the lowest, so this is the best time to use energy. The less energy used “on-peak”, the lower the costs are to CHEC and this benefits all members through rates.
How do I sign up?
To sign-up, call (252)995-5616 and a customer service representative will be happy to assist you.