Description:
  • On-Peak / Off-Peak product allows for a business to have set price points for the On-Peak hours of the day and at the same time to have a second price point for the Off-Peak hours of the day. This can be a mix of products (fixed & fixed, fixed & index, index & fixed).

Benefits:
  • An On/Off Peak product allows for the customer to control the demand of their business by running shifts that directly reflect the price points. Meaning if the Off-Peak is inexpensive a business owner would be wise to run a shift during this time frame. Same rule applies to the On-Peak time frame, but instead of running an extra shift a business can actually shut machinery down to compensate the high price point.
The options for fixing business electricity supply include:
  • Peak blocks (5x16)
  •  Off-Peak blocks
Any unfixed portion remains on the market based index rate chosen from either Day Ahead or Real Time Index, depending on the wholesale market. 

​Points to consider:
  • A business can execute a product conversion and move from index to fixed all-in at any time during the contract. The price conversion only applies to the index product, which was selected to be one of the On-Peak or Off-Peak blocks. 
  • If the customer opted to have a fixed all-in product for the On-Peak or Off-Peak blocks then they do not have the option to convert to a different product unless they decide to execute a Blend and Extend clause of their Energy Service Agreement.