Do you charge an electric vehicle overnight? Does your work schedule or lifestyle mean that you are doing laundry and operating your appliances when most people are asleep? If so, a “time-of-day” rate (also known as the Residential Load Management or “RLM” rate) may benefit you. This rate is available for residential electric customers on a voluntary basis.
What is the RLM rate?
The RLM rate varies the price of electricity between “peak” and “off-peak” hours of the day and by season. If you choose to be billed on this rate, you will pay a higher rate during “peak” hours (7:00 AM – 9:00 PM, Monday through Friday), and a lower rate during “off-peak” hours (9:00 PM – 7:00 AM, and anytime on weekends).
Will my electric bill be higher or lower on the RLM rate?
Compared to your current rate, the amount of your electric bill on the RLM rate will be determined by the appliances you own, and your ability to move your electricity usage to off-peak times. Since these factors are different for each customer, it is not possible to determine in advance whether your electric bill would be higher or lower on the RLM rate.
If you switch to the RLM rate, your existing meter will be replaced with a “time-of-day” meter. Your minimum term of service on the RLM rate will be one year.
The chart below compares electric charges in effect July 1, 2019 for the various residential rates – Residential Service (RS), Residential Heating Service (RHS), and RLM:
The On-Peak Time period is defined as the hours of 7:00 AM to 9:00 PM (EST), Monday through Friday. During Daylight Savings Time, all times will move ahead one hour (7:00 AM to 8:00 AM and 9:00 PM to 10:00 PM). All other hours are defined as the Off-Peak time period.
Summer is defined as the months of June through September.
Winter is defined as the months of October through May.
If you are interested in switching to the RLM rate, please call 1-800-436-PSEG (7734). A customer service representative will be happy to assist you.
