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Definition of "Time Of Day Rate" |
Electricity prices that vary depending on the time periods in which the energy is consumed. In a time of day 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. |
Definition of "time-of-day rate" |
Electricity prices that vary depending on the time periods in which the energy is consumed. In a time-of-day 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. |
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