Would you like to save up to 25% on your electric rate?
Wake Electric is offering a limited time savings program to 250 participants only. Wake Electric’s regular residential rate is 10.944 cents per kWh. Wake Electric’s residential “time of use” off-peak rate is 8 cents per kWh, a 26.9% discount.
- The off-peak rate applies for 22 hours per day (Monday – Friday) and all day on weekends and holidays.
- The on-peak rate period is 6 a.m. to 8 a.m. in winter and 5 p.m. to 7 p.m. in summer. That means the off-peak rate applies to 94% of the hours in a year.
- See Wake Electric’s rate schedule for details. Rates are always subject to change.
What’s the catch?
The “time of use” on-peak rate is really expensive at 40 cents per kWh. In order to save money, you’ll need to avoid using as much electricity as possible during that two hour on-peak period. Many members use a water heater timer and thermostat set-backs to do this automatically. Of course, avoid doing laundry or running the dishwasher as well.
How can your co-op offer such a deep discount for 94% of the time?
Because much of our variable cost is determined during the other 6% of the time when members usually use the most electricity and electric loads are the highest. The electric distribution system is designed and built to operate during that 6% of the time. New electric generation facilities are built to provide power during that 6% of the time.
Not sure if the “time of use” rate will work for you?
No problem. Try it out for a year at no risk. As a pilot program limited to 250 participants and for a limited time only, the co-op will offer a money-back guarantee.
CLICK HERE FOR THE pilot program terms and for all of the details. For more details and information or to sign up, call 919.863.6300 or 800.474.6300.