The Lansing Board of Water & Light (BWL) changed its customers' bills to time of use rates, effective Nov. 1.
All residential electric customers currently on the standard residential electric service (RES1) rate will update to time of use with an off-peak rate of $0.1314 per kilowatt-hour (kWh) and $0.1445 per kWh during on-peak hours year-round.
BWL said the change to the time of use rates will not increase an average residential customer's electric bill. However, BWL residential and commercial customers for all utilities will see a rate increase in November.
"Adopting time of use rates has become an industry best practice across the country and provides an easy way for our customers to take a hands-on approach to reducing energy consumption during peak demand," said BWL General Manager Dick Peffley. "Energy during peak demand is the most expensive to produce and causes the most strain on the grid. By moving your energy usage to mornings, evenings and weekends, together we can reduce our environmental impact while saving money."