14
March
2017
|
12:00 AM
America/New_York

Need to Know: Save Money With Time-of-Use Rates

If you'd like to save money while conserving energy, our Time-of-Use rates may be for you. To participate this summer, sign up by May 1; members who sign up after May 1 will begin Time-of-Use rates next summer.

For members who sign up for Time-of-Use rates, Jackson EMC installs a meter that logs all energy used during peak and off-peak periods. At peak periods - from 3 to 8 p.m. on weekdays between June 1 and September 15 - the cost of electricity per killowatt hour will be 34.50 cents. This is when you agree to reduce your electric use, specifically on the power users like air conditioning and electric water heaters.

During off-peak periods, the cost for power substantially drops for Time-of-Use members. During summer mornings, early afternoons and nights - and 24/7 the rest of the year - members on Time-of-Use rates pay only 7.50 cents per killowatt hour. The normal residential rate is 8.96-11.81 cents per killowatt hour. The monthly service charge for Time-of-Use members is $21 per month. Sign up by May 1.