Charge your more $$ when you use energy the most.
The first goal of the smart meter program is to reduce overall energy usage. “Tiered pricing,” currently in effect, means you are charged more per unit of electricity or gas if your household uses more than its monthly allotment. Under current rules, there’s no financial benefit for using power in the middle of the night instead of the middle of the day.
But before too long, you’ll be charged a much higher price for a kilowatt hour at noon than one at midnight. And that means you’ll want to lop off the tops of the bars on your energy usage charts at peak times of day, and move them to the evening — by doing laundry or washing dishes after 8 p.m., for example, or on the weekend.
“If peak demand could be reduced a mere 5 percent, the national savings on power plant construction, energy and transmission costs would amount to $3 billion per year,” Marshall said.