LIPA recently announced a transition to new Time-of-Day (TOD) electric rates starting in 2024. This rate structure aims to better align electric costs with periods of high demand through higher peak pricing from 3-7 p.m. on weekdays.For many Long Island households, using substantial electricity in the afternoons/evenings when kids are home and families prepare dinner could overlap with these new elevated peak rates. This could potentially lead to higher utility bills during already busy times of the day.Understanding what the biggest users of electricity in the home are and how to reduce consumption is critical to keeping bills low and money in your pocket. One should highly consider investing in a solar power system for your home as a permanent alternative way to save more money long term.What are the Most Expensive Electricity Users?Electricity is measured in Watts or Kilowatt, named after the Scottish engineer James Watt. The higher the number of watts, the more electricity is used....
