Study found with time-of-use rates households could cut bills and ease grid strain
BOSTON, MA — New research released today by Advanced Energy United finds that smarter electric rate design could significantly reduce energy bills for Massachusetts households that switch from gas furnace heating to clean electric heat pumps.
The report, prepared by Advanced Energy United and Demand Side Analytics, “Massachusetts Study on Time-Varying Rate Design to Enable Electrification,” found switching to “time-of-use” electric rates, where electricity costs less during off-peak hours when demand on the grid is low, can eliminate cost-barriers to electrification, and even save households money.