Time-of-Use Rate Trial
Try our time of use rate risk-free for a year!
Ready to sign up? Call 800.474.6300 or email firstname.lastname@example.org.
Starting March 1, Wake Electric will be running a trial for the first 250 members who sign up for our time-of-use (TOU) rate to try the rate risk free!
If you sign up and don’t see savings compared to our Residential rate, we will credit your account the difference of what you would have paid on the residential rate.
With a time-of-use rate, members are charged a lower rate for energy used during off-peak times and a higher rate for on-peak times. On-peak times are when system-wide energy use is at its greatest which occur winter mornings and summer afternoons. Off-peak times are everything else!
This means, if you can shift your energy use away from on-peak times then you have the potential to save money.
- Eligible Accounts: Members currently on Schedule R (excludes generation, prepay, EV and existing TOU accounts).
- Maximum of 250 members can sign up.
- Monthly and yearly savings will display on the bill. We recommend trying the rate for at least six months as we expect you to save some months while some months may be more expensive.
- Offer ends Feb. 29, 2024.
- Member can request removal at any time during the trial, but is no longer eligible for TOU trial.
- If member does not come off of trial program within allotted time, they will continue to be billed on TOU in the 13th month, no credits allowed hereafter and all conditions of TOU will then be enforced.
If you are interested in signing up or learning more then give us a call at 800.474.6300 or email email@example.com.
Additional Rate Details
Available on a voluntary basis in all territory served by the Cooperative, subject to the established Service Rules and Regulations of the Cooperative. Availability of this schedule may be limited to the availability of appropriate meters.
Time of Use (TOU) is a special rate schedule that rewards consumers who choose this rate for using electricity during off peak periods, allowing them to save money on their monthly electric bills.
If you can shift your household activities around the on-peak hours, you can save money. You can do this by:
- Putting a timer on your water heater
- Using programmable thermostats
- Doing laundry before or after peak times
- Turn the dishwasher on before watching the late night news.
When you sign up for TOU, you’ll agree to remain on the schedule for at least one year. If you go back to your old rate, you will be charged a $20 fee to cover the administrative tasks associated with changing your rate.
This schedule is applicable to and available for residential use only, or for uses incidental thereto, to be supplied through one meter to each residence, apartment unit, or farm (excluding prepaid).
The capacity of individual motors served under this classification shall not exceed 10 H.P.
The Cooperative may require a written contract for any requested three-phase service.
Types of Service
- Single-phase, 60-cycles, and where available, three-phase, 60 cycles, at available secondary voltages.
- MINIMUM MONTHLY CHARGE The minimum monthly charge under this schedule shall be the appropriate Monthly Facilities Charge.
- On-peak: 24¢ per on-peak kWh
- Off-peak: 8¢ per off-peak kWh
- DETERMINATION OF ON-PEAK AND OFF-PEAK HOURS
- On-Peak Hours:
- November 1 – March 31 The on-peak hours are defined as the hours between 6:00 a.m. and 8:00 a.m. Monday-Sunday
- April 1 – October 31 The on-peak hours are defined as the hours between 4:00 p.m. and 6:00 p.m. Monday-Sunday
- Off-Peak Hours: The off-peak hours in any month are defined as all hours not specified above as on-peak hours.
- On-Peak Hours:
- CONTRACT PERIOD Any consumer choosing to be served under this time-of-use schedule must remain on the schedule for at least one year, unless the consumer agrees to pay the Cooperative a fee of twenty dollars ($20) to cover administrative tasks associated with changing the rate.
- SALES TAX Any applicable State and local sales taxes will be added to all services billed under this schedule.
- TERMS OF PAYMENT All bills are due and payable on the date of the bill; and if not previously paid, shall be considered past due 25 days thereafter.