Lower average rates may be achieved with Right Time Pricing, if you take measures to reduce on-peak usage.
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It all comes down to supply and demand. The cost of electricity is higher when the demand is high and people are using a lot of electricity – typically in the morning and around dinnertime. In the evenings, on weekends and on holidays the demand for power goes down and so does the cost for electricity. With Right Time Pricing, the City of Wadsworth puts information, technology and control in your hands to take advantage of the lower rates that are available during off-peak hours.
Right Time Pricing is open to both residential and commercial customers who have their electric service with the City of Wadsworth. Rates vary depending on which of these accounts you have as well as if your home/business is within the city limits.
Summer on-peak days are when Right Time Pricing rates are highest. You may save money by making a few, small changes in your home before and during the summer on-peak season. You can:
Weekends and holidays are considered off-peak, so your savings continue.
You won't need any special wiring. Your home has already been upgraded with the required meter.
Our web-programmable thermostat and in-home display keep you informed about your electricity use – and what you're paying for it. Both devices allow you to conveniently access important usage data to help you save money and energy. Using a programmable thermostat can help you save on your heating and cooling costs.
Customers must have central air conditioning and a broadband connection to select the thermostat for their Right Time Pricing device. Customers who do not have central air conditioning or do not have a broadband connection will receive an in-home display as their Right Time Pricing device.
If your on-peak usage is relatively high, or you are unable to shift much of your usage to off-peak hours, your bill could actually increase. Plan and use energy wisely to get the most savings.
Enrollment in Right Time Pricing requires a one-year commitment. After one year, you will automatically continue with the Right Time Pricing rates unless you request to move to a different rate structure.