Did you know that depending on where you live, your electricity costs might be cheaper at night and on weekends? Yep, it’s true. Here in Denver they don’t differentiate, but in most areas they do. I randomly picked the state of South Dakota and looked up their chart from Xcel Energy, and this is what I found:
Peak Time: 9 a.m. to 9 p.m. Monday through Friday. Charge per kWh: June through September – $0.15315; October through May – $0.11767
Off-Peak Times: All other hours, plus New Year’s Day, Good Friday, Memorial Day, Independence Day, Labor Day, Thanksgiving Day and Christmas Day; and Fridays directly before Saturday holidays and Mondays immediately following Sunday holidays. Charge per kWh: $0.01920
That’s a huge difference, and your state or area might have the same kind of discounts for using those major appliances late at night or on weekends. Here in Denver they only offer a two-tier program, in which you pay 4.6 cents per kWh for 0-500 kWh per month or for use that exceeds 500 kWh, the cost is 9 cents per kWh. This encourages users to really watch their energy use to keep those costs down. Be sure to check out what your area offers so that you can conserve energy AND save money!
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