What is the Peak Energy Savings Credit?
The Peak Energy Savings Credit is designed to help you reduce your energy use when demand for electricity is at its highest. We made it rewarding for customers like you by offering credits off your bill when you reduce your energy use at home during Peak Savings Days. Reducing your energy use is also rewarding for the environment, because lowering the demand for energy helps to conserve resources.
Do I have to enroll in the Peak Energy Savings Credit?
No enrollment is needed. You can decide to reduce your energy use for a particular Peak Savings Day.
How do I find out about a Peak Savings Day?
You will receive a phone call the day before an event with specific hours to save energy. You can also choose to be notified by email, text message or an alternative phone number. To set your preferences, log in to My Account or call:
How do I earn a credit off my bill with the Peak Energy Savings Credit?
You'll receive a credit of $1.25 off your bill for every kilowatt hour (kWh) you reduce your energy use below your baseline on Peak Savings Days. The more you reduce your energy use below your baseline during a Peak Savings Day, the larger your credit will be. You can see your preliminary credit amount by logging on to My Account or on your next monthly bill.
How is my baseline determined?
The baseline is an average of the three days with your highest energy use during the prior 30-day period. This excludes the day prior to a Peak Savings Day, previous Peak Savings Days, weekends and holidays. Your energy use can change daily, so you'll have a specific baseline for each Peak Savings Day.
How much money can I save with the Peak Energy Savings Credit?
The amount that you save depends on how much you are able to reduce your energy use below your baseline on a Peak Savings Day. Your baseline is the energy use level you need to be under during a Peak Savings Day to be eligible for a credit off your bill.
When do Peak Savings Days occur?
Peak Savings Days will most likely occur on those hot summer days when air conditioners are running constantly, which usually results in higher (or "peak") demand for electricity. You will most likely have several opportunities to save on Peak Savings Days depending on how many very hot days we experience this summer. Peak Savings Days typically occur between noon and 8:00 p.m., and usually last a few hours.
How can I reduce the amount of energy I use?
That's as simple as turning off lights, waiting to run your clothes dryer until later or setting the temperature on your air conditioner a few degrees higher, but be sure to stay comfortable. Avoid using appliances such as dishwashers, electric stoves, televisions or washing machines during designated Peak Savings Hours. Closing blinds and drapes can also help to keep the warm sunlight out and the cool air in your home. Unplug unnecessary electronics, which can use electricity even when they are not turned on. To learn more about how to save, view our energy-saving tips here.
What if I don't reduce my energy use?
We understand that there may be days when you may not want to reduce your electric use, such as when you have visitors. There is no downside to the Peak Energy Savings Credit. If you don't reduce your energy use during a Peak Savings Day, there is no penalty of any kind.
Where can I view my Peak Energy Savings Credit bill credit?
Log on to My Account after a Peak Savings Day to view your credit online. Your credit will also appear on your next bill. You can also sign up to receive a notification that tells you how much you saved and how your savings compare to others by signing in to My Account and going to the My Alerts and Notifications page. If you are enrolled in Energy Wise Rewards, you will receive the greater of the Energy Wise Rewards monthly credit or the Peak Energy Savings credit.
What if I am not enrolled in My Account? Can I still participate in the Peak Energy Savings Credit?
While you don't have to sign up for My Account, using it brings many benefits. You can see your daily energy use and your projected bill as of a specific date and use calculators to learn how to save money and energy. For access to your detailed energy use, baseline and credit information, call us at 1-855-730-PEAK. You will also be able to see your credit on your monthly bill.
I'd like to reduce my energy use, but what if I am sensitive to temperature changes? How can I participate?
On Peak Savings Days, you can decide how you want to reduce your energy use. If you are sensitive to temperature changes, remain comfortable when you reduce your energy use. There are many other ways to reduce energy to save money during a Peak Savings Day, such as waiting to run appliances, turning off lights, closing your blinds and turning off unused electronics. To learn more about how to save, view our energy-saving tips here.
Can I participate in both Energy Wise Rewards™ and the Peak Energy Savings Credit?
Yes, you can participate in both programs. During the peak electricity demand times in the summer, generally between June and September, through the Energy Wise Rewards Program we'll automatically cycle off and on participating central air conditioners and heat pumps to help reduce the region's demand for electricity. These Energy Wise Rewards conservation periods occur on selected summer days (called Peak Savings Days). This automatic reduction of your air conditioner energy use makes it easy for you to receive bill credits through the Peak Energy Savings Credit. If you are enrolled in Energy Wise Rewards, you will receive the greater of the Energy Wise Rewards monthly credit or the Peak Energy Savings credit.
If you would like to speak with a customer care representative, please call: 1-855-750-PEAK (1-855-750-7325).
