FPL customers can save money on their electric bills by enrolling in a Time of Use rate and shifting electricity use away from times of the day when electricity is in high demand.
Throughout the course of each day, the demand for electricity moves up and down. During “peak” demand periods – such as summer afternoons when air-conditioning usage is high, for example – the cost of generating electricity is more expensive. There are also daily “off-peak” periods when electricity usage is lower, making the cost of producing electricity less expensive. TOU rates provide an incentive to reduce the demand for electricity during “peak” times by allowing customers to pay lower rates for electrical usage during “off peak” times.
Residential customers have the option to exit the program after the first full month of being on the rate should they feel it is not beneficial. If a residential customer decides to go back on the TOU rate, then the minimum enrollment period is one year.
FPL’s “peak” hours are listed below. All other hours are considered “off-peak.”
Customers cannot be enrolled on the TOU rate if they also enrolled in our Budget Billing® or On Call® programs. If you discover that the TOU rate is not the most economical option, residential customers can save up to $137 per year in the On Call® program.
Whether or not you would save depends upon a number of factors. As a general rule, electric vehicle owners who are able to shift their charging to off peak times, along with other household electric consumption – such as laundry and dishwashing - may save money on this rate. Call our Customer Care Center at (800) 226-3545 and request a rate analysis.