Energy Price Configuration
Time-of-use (TOU) pricing is a dynamic rate structure designed to manage electricity demand fluctuations and renewable energy integration.
You can use it to:
- Configure your price template
| Term | Definition |
|---|---|
| Flat Period | It is the time period when the demand is relatively stable. This is usually the time during the daytime and the nighttime break, when people are not at home or when businesses are using relatively little electricity. |
| Sharp Period | Sharp period refers to the short period of time of the day when the demand for electricity is at its highest, and is a level above the standard "peak" demand. This usually occurs during morning and evening rush hours, when homes and businesses use electricity in large quantities at the same time. |
| Peak Period | It is the period when the demand is higher but does not reach the peak compare to sharp time. This period usually occurs around the peak electricity period, for example, in the morning before work and in the evening after dinner. During these hours, many people are still using a lot of electricity, but overall demand has dropped slightly. |
| Valley Period | It is the time of day when electricity demand is lowest, usually occurring late at night to early in the morning, when most people sleep, business activity is reduced, and industrial electricity usage is also at a low point. |
| Deep Valley Period | It refers to the ultra-low electricity demand period with the deepest price discounts (typically late-night to pre-dawn) when surplus renewable energy is most abundant and grid utilization is minimal, creating optimal conditions for energy-intensive operations through rock-bottom pricing. |
Add Price Template
- Click "+Add" on the right corner of the page.
- Input template name
- Select "Electricity" as energy category
- Select unit of price
Notes It is configured on the Additional Settings page and can be applied to all sites. - Select Date Range
- Input Flat, Sharp, Peak, Valley and Deep Valley price
Notes Fill in them according to your real situation. - Drag to select time period for every price
- Click "+Add" on the left bottom corner of the Price Group(Optional)
Notes You can add at most 30 price groups - Click "Save"