Peak times refer to the times of the day when electricity consumption is at its highest.
What are peak times?
There are certain busy times during the day when a large number of people use electricity in their homes at the same time.
For example, between 4:00pm to 7:00pm when people get home from work and start cooking dinner or charging their Electric Vehicle (EV).
To avoid people going hungry or being left with no charge in their cars, energy providers have to turn on additional power plants to meet demand. These power plants are traditionally heavy CO2 producers and expensive to run.
Incentives for saving peak energy
To avoid this, energy companies offer incentives for those that can help to reduce electricity usage during busy peak times. It costs less for them to invest in these initiatives to reduce electricity usage rather than turn on additional power plants.
equiwatt helps users to take advantage of these incentives by holding peak time energy events which reward them for using less energy to power household appliances or EVs during peak times.