What are peak & off peak electricity times?
Off-peak electricity rates are times of the day you can use your energy at a reduced cost. These times are usually when most households are not using energy and are typically at night or on the weekends.
A time-of-use tariff works by charging several different rates based on the time of day energy is consumed.
By choosing to use certain appliances at off-peak times rather than peak, you could save on your electricity bill. For example, you could take advantage of reduced rates by putting your washing on after 8pm or turning your dishwasher on before going to bed.
Find more information on tariff times here.
"You could take advantage of reduced rates by putting your washing on after 8pm."
How a smart meter helps manage off peak hours electricity use
You’ve decided to take advantage of a time-of-use pricing system, which means the less you use power during peak electric periods, the more you’ll save.
You’ve changed some of your habits by using electrical appliances during off electricity peak times, but wonder if turning the washing machine on after work is really going to make a difference to your bill.
If you live in Victoria, your smart meter will offer half hourly data on your consumption frequently, so you can pin point how much energy the washing machine is using at certain times. This can help you determine whether or not you want to continue using it during peak power periods.
The reading is remotely sent to energy distributors and retailers every day, and can be viewed online using desktop or mobile devices, making it much easier to monitor and control your electricity usage.
The potential of smart meters is strengthened when partnered with smart appliances, which can be controlled remotely. Being able to remotely control the appliances in your home will allow you to set your products to use during electricity off peak hours.