Home > Term: time-of-use rates
time-of-use rates
Electricity prices that vary depending on the time periods in which the energy is consumed. In a time-of- use rate structure, higher prices are charged during utility peak-load times. Such rates can provide an incentive for consumers to curb power use during peak times.
- Part of Speech: noun
- Industry/Domain: Energy
- Category: General
- Company: California Energy Commission
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