Yes. You will continue to receive any applicable bill discount for which you have already been enrolled and qualified.
TOU rate plans provide more flexibility and control. If you can shift some of your electricity use to take advantage of the lower-priced (off-peak) time periods, you have the ability to lower your overall electricity costs. The lowest-priced time periods typically occur on weekends (all day and night Saturday and Sunday), early morning and late evening weekday hours. Winter rates (8 months of the year, Oct - May) are typically lower than summer rates (4 months of the year, Jun - Sep). More specific information and the associated pricing and time periods for the rate plan will be shared in the Welcome Kit that will be mailed to you in advance of the start of the study.
The study will commence in June 2016. Your last incentive payment will be paid in the August 2017 timeframe. You will have the opportunity to remain on the pilot rate through 2017.
Participation in the study is limited, and enrollment requests will be processed on a first-come, first-serve basis until the target enrollment cap is reached. If your request is received after the enrollment cap has been met, there is a possibility you will not be included in this study.
Rewards are paid in the form of bill credits, over three installments. More details will be provided in your Welcome Kit.
No, there is no penalty. However, if you do not remain on the TOU rate plan for the duration of the study, you will not be eligible to receive the remaining study reward payments.
Your study rate will begin during the month of June 2016 and you will be placed on a TOU rate. Some participants will be placed on a rate plan similar to their current rate plan.
Details will be included in the Welcome Kit that will be mailed to you in May 2016. The Kit will provide details of your new rate plan along with information to help you maximize your monthly energy savings.
Unlike your current rate plan, which provides a tiered pricing structure where the price increases based on your total usage over the billing period, TOU rate plans offer different pricing based on the season, time of day, and day of the week you use electricity. With a TOU rate plan you will have the option to take more control over what you pay for electricity, based on when and how much you use. If you can shift some of your electricity usage to take advantage of the lower off-peak rates, you have the ability to lower your overall electricity costs.
There are three primary reasons you may want to consider participating in this research study:
