Why is off peak cheaper?
Why is off peak cheaper? Off-peak electricity hours are periods when the electricity demand is low, which results in consumers paying lower electricity prices. During these times, utilities and electric companies don't have to pay as much to generate electricity because people are using less energy overall.
What time of day is electricity cheapest?
Electricity is often cheaper late at night or early in the morning, so you can save on your electric bill if you run your heaviest loads during those times. These are typical off-peak hours when not as many people are using electricity.