Definition: Time-of-use Pricing
Time-of-use pricing (TOU) typically applies to usage over broad blocks of hours (e.g., on-peak=6 hours for summer weekday afternoon; off-peak= all other hours in the summer months) where the price for each period is predetermined and constant.
- Related Terms
- smart grid
[[Category: Smart Grid Definitionsoff-peak, |Template:BASEPAGENAME]]off-peak,