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You may need to upgrade your electricity meter to take advantage of Time-of-Use Electricity Tariffs
There are typically three different types of electricity meters
#1 - Accumulation meters
Accumulation meters only keep track of the total electricity usage. This means you are charged the same amount for the electricity you use, regardless of when you use it. For this reason these meters are also known as flat rate meters.
#2 - Interval meters
Interval meters record how much electricity is used every 30 minutes.
This means you can have different electricity rates for usage at different times of the day, time-of-use pricing.
To read an interval meter, the electricity retailer meter reader attaches an optical probe to the meter and downloads the 30-minute interval data into a handheld computer.
#3 - Smart meters
Smart meters record how much electricity is used every 30 minutes.
This means you can have different electricity rates for usage at different times of the day, time-of-use pricing.
Smart meters are remotely read by your electricity retailer.
