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Dynamic pricing programs
Dynamic pricing programs
During the heating season, all users consume energy at the same time, causing peak periods. These periods can occur any day of the week between 6 a.m. and 10 a.m. and between 4 p.m. and 8 p.m.
To spread energy demand, some power utilities have created dynamic pricing programs. These programs encourage users to reduce their energy consumption during peak hours and result in significant savings.
Among these, Hydro-Québec offers two dynamic pricing programs available for the winter period (December 1 to March 31). Here are the details of the two programs:
Rate Flex D
Participants in Rate Flex D can take advantage of a reduced rate on their energy consumption during regular hours and a higher rate (45.088¢/kWh) during peak hours.
Winter Credit Option
Rate D with winter credit option participants pay electricity at the base rate and can receive a credit of 56.786¢ for every kilowatthour less consumed during peak hours (based on usual consumption).
To make significant savings, you must have joined one of the programs and make sure to use only the electricity needed during peak periods.
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