Helping Customers Take Control of Their Energy Bills
02 February 2016 - 7:49AM
Business Wire
Depending on usage, there are time-of-use and tiered rate
plans to choose from
Understanding just how much or how much and when you use
electricity is the first step for residential customers in taking
control of their energy bills and finding the rate plan that work
best for them.
This Smart News Release features multimedia.
View the full release here:
http://www.businesswire.com/news/home/20160201006264/en/
As part of implementing residential rate reform, which was
adopted last July by the California Public Utilities Commission,
Southern California Edison residential customers will be defaulted
onto time-of-use rate plans in 2019, which involve how much and
when you use electricity.
“For example, if you aren’t home during the day and don’t use a
lot of electricity during weekday afternoons and early evenings —
the time of day when electricity costs are highest — a time-of-use
plan would be best for you,” said Russ Garwacki, SCE’s director of
Pricing Design and Research.
“But if you work from home, are a stay-at-home parent or a
retiree who spends a lot of time at home, and avoiding using
electricity during the daytime isn’t possible for you, a
traditional tiered rate plan based on how much electricity you use
each month would be best for you.”
Customers who believe a time-of-use plan is a better fit for
them can sign up now for plans that currently are available.
Tiered plans are based on how much energy a customer uses
monthly. You start in the first tier, which is the lowest rate, and
there are tools that help customers conserve or cut back to avoid
getting to the next tier where the rates are higher.
Time-of-use plans are based both on when and how much
electricity you use. If you have flexibility and can put off using
electricity during weekday afternoons and early evenings — the time
of day when electricity costs are highest — a time-of-use rate plan
will help you save energy and manage your electric bill.
Under rate reform, protections for low-income customers remain
in what is known as the CARE (California Alternate Rates for
Energy) program. Nearly one-third of SCE’s customers are in the
program where rates are discounted by about one-third.
The number of tiers will be reduced this year from four to three
and then down to two in 2017. A surcharge for extremely high-use
customers will be added in 2017. These changes lead up to the
implementation of default time-of-use in 2019.
View source
version on businesswire.com: http://www.businesswire.com/news/home/20160201006264/en/
Southern California EdisonLauren Bartlett,
626-302-2255
Edison (NYSE:EIX)
Historical Stock Chart
From Apr 2024 to May 2024
Edison (NYSE:EIX)
Historical Stock Chart
From May 2023 to May 2024