In our effort to be Christian stewards and win financially we are on Time of Use Electricity. WE Energy has a plan that you save money by using your electricity at night instead of during the day. In our area electricity is normally about 13 cents per kilowatt.
In September 2010 we signed up for Time of use level 1 which means during the day from 7am to 7pm electricity is 19 cents per kilowatt. During the night it is 9 cents per kilowatt. The time of use only applies Monday through Friday. Saturdays, Sundays, and holidays are automatically 9 cents per kilowatt. We have delayed the use of the water heater and dryer during the day and save that mostly for nights and weekends.
Electricity is more expensive to produce for the power companies during the day because all of the businesses are using large amounts of electricity during the day. The more electricity that is being used at one time the more expensive it is for them to add more power generation.
This project did save us some money in the last year but if memory serves me right it was only like $150.00 If we would have used level 2 electricity we would have saved much more than that so we are now enrolled in level two for Time of Use.
Level 2 is 5 cents per kilowatt during the day and 25 cents per kilowatt during the night. I can’t wait to see the savings over the next year!