Understanding the time-of-use rate plan
Most residential and small business net metering customers are eligible for the time-of-use rate. If you can shift usage – such as doing laundry – to off-peak hours, you could save money. On- and off-peak usage applies to your bank, too.
With a time-of-use plan, you could potentially save by generating renewable energy during peak hours.
How it works:
- Electricity rates will be lower than the Price-to-Compare in the day, at night and on weekends and holidays.
- The rate will be higher than the Price-to-Compare in the afternoon and early evening.
- The peak hours and rates will change twice a year: on June 1 and Dec. 1. You'll remain on the time-of-use plan from season to season unless you cancel the time-of-use rate or choose an electricity supplier.
- There are no enrollment or cancellation fees.
- Most residential and small business customers are eligible.
- This program runs from June 1, 2021, to May 31, 2025.
This is a PPL plan. If you are shopping with an electricity supplier, you would need to switch from your current electricity supplier to PPL. Whether you will save money will depend on your supplier’s current price and how you use electricity. Before deciding whether to switch, please contact your current supplier first and be sure to ask whether there are any early cancellation fees or penalties.
On-Peak Hours
Summer (6/1-11/30): 2-6 p.m. weekdays except select holidays*
Winter (12/1-5/31): 4-8 p.m. weekdays except select holidays*
Current price:
11.649 cents for residential customers
11.961 cents for business customers
Off-Peak Hours
All other hours on weekdays
Weekends and select holidays*
Current price:
10.215 cents for residential customers
10.634 cents for business customers
Holidays
What is a net metering bank?
If you're a net metering customer, you sometimes generate more electricity than you use. This excess generation is stored in a “bank" you can use to offset future bills.
Net metering customers with excess generation will be paid at the on- and off-peak rates at the time the usage was added to the bank.
How is my bank used?
If you generate more than you use, you’ll bank kilowatt-hours at seasonal on- and off-peak rates. Then if there is a month when you use more than you generate, we’ll use some of those banked hours to offset your energy costs.
Here is how we use your bank to offset your usage:
- Banked hours are used chronologically. For example, June’s off-peak hours would be used first, then June’s on-peak hours.
- Your usage is also offset chronologically. We offset your oldest on-peak hours first. Then your oldest off-peak hours.
How is my bill calculated?
Step 1: Usage totaled
We total your usage and generation by each season. If you generated more than you used, we’ll add these to your bank. You’ll still receive a bill for basic service. If you used more than you generated, we move to Step 2.
Step 2: Current bill
In the same bill cycle, you may have usage to offset in one season or time period, and excess generation in another. If this is the case, we use your excess generation first to offset any usage you would be billed for.
Step 3: Bank applied
If you still have usage you would be billed for, we pull any existing or previously banked hours to offset your bill. Banked hours are used chronologically. You will be billed for any kilowatt-hours used above your banked amount.