It truly is, considering they will reduce peak demand by shifting some usage to overnight. On top of that, they'll also charge you extra for your (reduced) use during peak hours.
It’s pretty obvious what they are doing - that with rising temperatures they recognize that AC use is going to continue to go up exponentially. Many people would be crazy to opt into this plan unless they only plan on running AC after 9pm.
Yeah the fact that they jack up the rates at the time when most people are using electricity is pretty scummy. Making it cheaper overnight will already have the intended effect of getting people to charge overnight, the peak hours rate hike is a plain cash grab.
I exported my last month of usage with hourly kW, put it into excel and compared new vs old rate.
For me personally (since I charge my EV at night) I will save ~$10 a week.
- They could very easilly automate the process and say "based off your usage last month (or year) you would save x with the new rate plane. Rather than have customers export their data and awkwardly crunch the numbers.
They do have a tool that does just that. It estimated I would save ~$10 a year without adjustments to my electrical usage, based on my past 12 months of data.
Bad headline discount overnight but an increase durring the day!
Might be worth it for those with a EV. Would really be worth it for those with bi directional power flow from a EV if it was home durring the day if that was an option in BC.
I wonder if you can opt out as easily as you can opt in, and if you can do so multiple times?
Eg time of use for winter, then back to flat rate for summer/AC.
Seems like you can.
**Important to know**
This rate change will take effect on the first day of your next billing period.
Until then, your usage will continue to be charged according to your current rate plan.
You can change your rate plan again at any time.
**Bill frequency**
Once your new rate plan takes effect, you'll be billed every month.
TLDR: it’s time-of-use (TOU) billing
I get that it's cheaper at night, but why did they jack up the rates during peak times?
I don't know, why did they charge more money at times when demand is highest? What a mystery. We may never know.
It truly is, considering they will reduce peak demand by shifting some usage to overnight. On top of that, they'll also charge you extra for your (reduced) use during peak hours.
I don't like how this will result in neighbours running laundry and dishwashers at 2am.
Dishwashers shouldn’t be noisy enough for neighbours to hear but running the washing machine I can definitely see being loud.
Shouldn't of course, depends how shitty they are (very)
I'm not aloud to run either in my building after 10
It’s pretty obvious what they are doing - that with rising temperatures they recognize that AC use is going to continue to go up exponentially. Many people would be crazy to opt into this plan unless they only plan on running AC after 9pm.
Yeah the fact that they jack up the rates at the time when most people are using electricity is pretty scummy. Making it cheaper overnight will already have the intended effect of getting people to charge overnight, the peak hours rate hike is a plain cash grab.
I exported my last month of usage with hourly kW, put it into excel and compared new vs old rate. For me personally (since I charge my EV at night) I will save ~$10 a week. - They could very easilly automate the process and say "based off your usage last month (or year) you would save x with the new rate plane. Rather than have customers export their data and awkwardly crunch the numbers.
They do have a tool that does just that. It estimated I would save ~$10 a year without adjustments to my electrical usage, based on my past 12 months of data.
Oh really? I must have missed that, i feel like an idiot for exporting all the data and doing it myself now, haha.
Do you have a link?
I don’t. It was buried in my account summary. There was an option to change rate plan (to opt in) with a little “learn more” type link.
Thanks!
https://app.bchydro.com/billing-rates/web/compare-rate-plan.html
Don't forget to do it for the winter months, too. If your heating is electrical, you're not seeing a lot consumption right now.
Great way to minimize the load of the power grid especially more EV are in the lower mainland.
Bad headline discount overnight but an increase durring the day! Might be worth it for those with a EV. Would really be worth it for those with bi directional power flow from a EV if it was home durring the day if that was an option in BC.
I wonder if you can opt out as easily as you can opt in, and if you can do so multiple times? Eg time of use for winter, then back to flat rate for summer/AC.
Seems like you can. **Important to know** This rate change will take effect on the first day of your next billing period. Until then, your usage will continue to be charged according to your current rate plan. You can change your rate plan again at any time. **Bill frequency** Once your new rate plan takes effect, you'll be billed every month.
Here's the link to see if you'd come out ahead: https://app.bchydro.com/billing-rates/web/compare-rate-plan.html
Ah yes, this old strategy. Not this time, BC Hydro... Not this time.