Off-Peak Time Band for Power
The off-peak time band for power runs from Monday to Friday that are not public holidays from 12 midnight to 8am. Both on public holidays and on Saturdays and Sundays the off-peak time band lasts 24 hours a day.
This is the time band when electricity power per kilowatt contracted is the cheapest. If you are going to need more power in some hours, it is best if it is in these since this is when the kW is cheaper.
Peak Time Band for Power
The peak time band for power is for electricity supplied from Monday to Friday (working days) from 8am to 12 midnight. This is when contracted power has the highest cost per kW.
Do the electricity time bands affect all consumers?
Another factor to consider and which will be important to explain, is knowing how the electricity time bands affect your bill. This will depend on the type of tariff you have contracted and whether you are in the free market or the regulated market (PVPC).
This is because the time bands affect three items on your bill:
- Consumption: the price you pay for the electricity you consume (kWh).If you have a tariff with time discrimination the price per kilowatt/hour varies throughout the day in accordance with the peak, standard and off-peak time bands. An interesting alternative where you can save is, if you can concentrate your consumption in the off-peak hours, to contract the One Luz 3 Periodos tariff.However, other alternatives include fixed price tariffs or flat rate models, where the electricity time bands do not affect the price of your consumption.In the regulated market the tariffs always have time discrimination so the price always varies throughout the day depending on the time.In the free market you have more alternatives: tariffs with billing by time discrimination, tariffs at a fixed price per kWh and tariff models with a fixed quota per month regardless of what you consume.
- Power: the price you pay for the contracted power (kW).For domestic consumers, with powers less than 15kW, the price of the contracted power is always subject to timetables, in this case to two time bands: Peak and off-peak.
How can you know if a tariff with peak, standard and off-peak time bands will suit you
Most tariffs on the market with time discrimination are governed by these three time bands, for example the One Luz 3 Periodos tariff.
A tariff with different time bands for the price of electricity is ideal for those who are willing to be more efficient and adapt their timetable so they can save on their bill.
Another option is that, instead of adapting to the tariff, you contract a tariff that suits you. Our Tempo Happy Tariff, for example, allows you to choose 2 hours a day (or a full day per week) in which electricity consumption will be totally free and if you can concentrate your consumption here you will save.
Factors to take into account when choosing the time bands for electricity tariffs