Use Peak Electricity Price to Save Money

Most of countries face the potential of electricity shortage in summer weather. The possibility of electricity shortage increase in the hottest days due to the excessive use of air conditions which increase the peak demand on the electricity utilities leading to electricity absence, in the same time we cannot live without electricity as all of other our human aspects depend on electricity, this is the electricity challenge that face the world today and tomorrow.
Most of electricity researches show that the effective way to reduce electricity peak demand is to apply "critical peak pricing" program.
This program has many names in electricity utilities all over the world like peak day pricing program, smart rate program and summer advantage incentive program… the program give a discount on electricity price at certain hours and certain days "off peak low demand days" but charge you for substantial premium electricity price in the highest demand days of the summer.  
By applying this program, residential customers will have the incentive to reduce their electricity consumption and save electricity to reduce their electricity bills and hence the electricity utilities will gain much benefits of this electricity saving by reducing the investments required to face the increased demand on electricity which we notice every day. So if you live in a country that applies this program, I encourage you to sign up immediately as you will save much money every month and also you will encourage you electricity utilities to no cut off electricity so you guarantee the continuity of electricity supply. 

Post a Comment