The time of day metering plan is entirely optional at this time. It is actually called an electric vehicle plan. Your electric vehicle would need to take a lot of power at 7.6 cents per KWh to balance out the 45 cents per KWh from 4 pm to 8 pm. A co-worker had this plan to charge his Chevy Volt, but he would actually turn off his A/C from 4 PM to 8 PM which is the hottest time of day and the time everyone is home.
My electric cooperative is currently installing smart meters. They say it will reduce operating costs to pay for them as they still have meter readers. They also mentioned new rate plans once the meters are in. I understand that buying peaking power is the most expensive electricity there is, but most people will just suck it up and pay the higher bill instead of cutting back and suffering with the heat or whatever. Electricity should be almost free outside of peak time if you're going to charge 45 cents per KWh.
Battery storage will become a better option financially if peak rates go sky high.
My electric cooperative is currently installing smart meters. They say it will reduce operating costs to pay for them as they still have meter readers. They also mentioned new rate plans once the meters are in. I understand that buying peaking power is the most expensive electricity there is, but most people will just suck it up and pay the higher bill instead of cutting back and suffering with the heat or whatever. Electricity should be almost free outside of peak time if you're going to charge 45 cents per KWh.
Battery storage will become a better option financially if peak rates go sky high.
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