What is peak period and off peak period?
What is peak period and off peak period? Peak pricing refers to the practice of charging higher prices for goods or services during times of high demand, while off-peak pricing refers to the practice of charging lower prices during times of low demand.
Is it cheaper to put the washing machine on at night?
Take a look at your energy account and check your tariff rate. Most people will see that they have a lower tariff overnight, usually between 11 pm and 7 am. This is the best time to do your washing as you'll save money. Saving money on electricity is only part of the equation.
What happens to prices during a peak?
We find that prices fall on average during seasonal demand peaks for a product, largely due to changes in retail margins. Retail margins for specific goods fall during peak demand periods for that good, even if these periods do not coincide with aggregate demand peaks for the retailer.