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SDG&E offers new Time of Use energy pricing options

Posted: 10:03 PM, May 31, 2018
Updated: 2018-06-01 01:27:35-04
SDG&E offers new Time of Use energy pricing options

SAN DIEGO (KGTV) – San Diego Gas & Electric has introduced new Time of Use (TOU) pricing plans for residents’ energy bills.

The TOU plans offer savings for those who can shift their energy use outside the hours of 4:00 p.m. to 9:00 p.m., or peak hours, said the utility company.

The evening peak hours, when most people get home from work and school, see an increase in energy demand across the state, which drives up energy bills, the company said. 

According to SDG&E, the TOU plans offer two ways to save money: by shifting electricity use to less expensive times of day and by cutting down on overall power use. 

The plans also encourage a cleaner power grid by incentivizing the use of electricity when renewable resources like solar power are available, the company said.

SDG&E will offer a 12-month risk-free trial period for those who choose a TOU plan. The company said it would credit customers back the difference if they find they paid less with the standard plan.