Time-of-use rates

{
  "id": "MLC-T-IND-006035",
  "term": "Time-of-use rates",
  "field": "Industrial and trades",
  "definition": "An electricity pricing structure where the cost of power varies depending on the time of day, week, or season. Higher rates are applied during periods of peak demand, while lower rates are offered during off-peak hours. This system encourages consumers to shift their electricity consumption to less congested times, influencing grid load management.",
  "subject": "Electrical engineering",
  "see_also": [
    "time-of-use meter"
  ],
  "translations": {
    "de": "Zeitstufentarife",
    "es": "tarifas por tiempo de uso",
    "fr": "tarifs horaires"
  },
  "url": "https://mlchart.com/terminology/industrial/time-of-use-rates/"
}