Time-of-day (TOD) rates work by billing a rate more reflective of the actual cost of making and delivering power at different times, meaning power is cheapest overnight and on weekends and holidays when overall demand on the electricity system is lower. Power is also more expensive during winter days, when demand is the highest.
Why is power so expensive in Nova Scotia?
Power is also more expensive during winter days, when demand is the highest. In order to qualify for the TOD rate, you must have an electric-based space heating system that has the capacity to store heat with appropriate timing and controls in place and approved by Nova Scotia Power.
Why does Nova Scotia Power offer the Tod rate?
To encourage customers to use the majority of their electricity during "off-peak" times, Nova Scotia Power offers the TOD rate. What is the Time-of-Day rate? The time-of-day (TOD) rate is an optional rate available to residential customers.
What is the cost of space heating in Nova Scotia?
In order to qualify for the TOD rate, you must have an electric-based space heating system that has the capacity to store heat with appropriate timing and controls in place and approved by Nova Scotia Power. Time-of-day base charge: $18.82/month Cost is measured in ¢/kWh. All costs are based on rates of January 1, 2021.
What is the cost of electricity during peak hours?
During this time, the cost for electricity is at the regular residential rate, while the nighttime and weekend cost remains at approximately half price. The "on-peak" (1.437 times the regular residential rate) period is in December, January and February from 7:00 a.m. - 12:00 noon and from 4:00 p.m. until 11:00 p.m. on weekdays only.
Is it true electricity is cheaper at night?
You may have heard of the term off-peak energy before, leaving you wondering if electricity is cheaper at night. The short answer is that most energy suppliers charge the same rate for electricity use throughout the day.
What is the cheapest time of day to use power?
Electricity is often cheaper late at night or early in the morning, so those will be the times when you can save money on your electric bill. This is because these are typical off-peak hours when not as many people are using electricity.
Are energy prices lower at night?
Usually – the 7 hours of off-peak electricity rates at night are usually cheaper, but you can check with your energy supplier to be sure.
What hours is electricity the cheapest?
What's the Cheapest Time of Day To Use Electricity?In summer, typically between noon and 6 p.m. when air conditioners are on full-throttle.In winter, typically between 6 a.m. and 9 a.m., and again between 5 p.m. and 9 p.m. — before and after work.
Is it cheaper to do laundry at night?
Run your washer and dryer early in the morning or at night to avoid the surge. During the winter, electricity demand is highest in the morning hours between 7 and 9 am when people are waking up and turning up their heat. Doing laundry in the evening is your safest bet.
Is it cheaper to use washing machine at night?
Putting your washing in during the evening and setting the machine to run into the early hours of the morning could greatly reduce your electricity costs, as energy prices are lowest between 10pm and 5am.
What are the off peak times?
CrossCountry Off-Peak times Generally speaking, the Off-Peak window begins after 09:30 and outside of evening commuter hours - 15:30-18:15 - for travel in and out of big cities. Super Off-Peak tickets become available after 10:00.
Why is my night electricity usage so high?
Even after everyone goes to sleep, there are still some things in your house that are using electrical energy. The biggest culprit is probably your heating and cooling system, which you don't usually want to turn off entirely at night. Other things, like the refrigerator and freezer, also need to keep running.
What time is it cheaper to use washing machine?
So, an alternative is to avoid peak laundry times: 4pm to 7pm. You could potentially save a few pennies per laundry load if you wash them in the morning, during the day (if you work from home), or later than 7pm in the evening.
How can I save on my electric bill?
Top energy saving tipsTurn off all your appliances. ... Turn your heating down a notch. ... Take a shower. ... Cook efficiently. ... Keep your fridge & freezer cool. ... Hang your clothes out to dry. ... Energy-saving gadgets and tools. ... Switch your gas & electricity supplier.
What's the best time of day to use energy?
As a rule-of-thumb, after 9 pm and before 9 am are off-peak in most situations. If peak conditions are due to weather extremes, consider heating or cooling your home before the weather extremes are likely to happen. Perhaps the best defense is energy efficiency.
What peak hours mean?
the busiest hours(piːk aʊəz ) plural noun. the busiest hours, as during traffic, etc; rush hour. Don't drive home during peak hours.
Myth 1
It’s more efficient to leave a room at a constant temperature than turning the heat down overnight (or when you’re not home)
Fact 1
It takes less energy to warm up a cold room in the morning than it does to maintain a constant temperature throughout the night. If you have baseboard heaters, know that they supply heat to each room individually.
Myth 2
Turning the thermostat up higher than the desired temperature makes the room heat up faster.
Fact 2
It takes the same amount of time for the temperature to reach 20 degrees whether the thermostat is set at 20 or 30 degrees.
Fact 3
You can save hundreds of dollars each year by turning off lights, TVs and computers when they’re not in use, lowering thermostat settings when away and washing clothes in cold water. Take a look at Efficiency Nova Scotia's energy calculator to spot energy saving opportunities.
Myth 4
Insulating my attic or basement will cause more heat to leak out of the windows.
Fact 4
Adding insulation to one part of a home saves energy and will not increase heat loss elsewhere.
