Time-of-Use Rates

SMECO now has Time-of-Use (TOU) rates available for residential and commercial customers. SMECO offers a choice so you can select the rate that's right for you. Energy costs are higher during peak times for SMECO and lower during off-peak times. On the Standard Offer Service (SOS) rate, your cost doesn't fluctuate. If you select the TOU rate, your cost reflects the peak and off-peak price difference.

(For the Time-of-Use rates for General Service Non-Demand and General Service Demand customers, see below.)

Customers can save on their monthly bill by shifting their energy use to off-peak times. To save, use kitchen and laundry appliances, pool pumps and other equipment during off-peak hours. TOU rates can help you save money if you use less energy during peak times.

  • To save money in summer months, run your household appliances before 2 p.m. or after 7 p.m. (summer peak times are weekdays 2-7 p.m.).
  • To save money in winter months, run your household appliances during off-peak times: 9 a.m.-5 p.m. or 8 p.m.-6 a.m. (winter peak times are weekdays 6-9 a.m. and 5-8 p.m.).
  • Weekends are always off-peak.

You can change your rate from SOS to TOU or from TOU to SOS. The rate you select will begin with your next billing period. To find out when your next billing period starts, check your “next approx. read date” on your bill (second page, top right).

  • SOS rates do not change during the billing period. (Summer = $0.078; Winter = $0.0833 as of February 1, 2022)
  • Customers on the SOS or TOU rate will also be charged (or credited) the Power Cost Adjustment - Energy.
  • You must have a smart meter for TOU rates.
  • SMECO’s SOS and TOU rates do not apply to alternate supplier energy rates.
Summer May - Sept. Off-Peak midnight On-Peak 2-7 p.m. noon Winter Oct. - April Off-Peak On-Peak 6-9 a.m. On-Peak 5-8 p.m. noon midnight Off-Peak

Can you tell me how much I would save on the Time-of-Use rates?

Residential customers and some commercial customers can log in to Account Manager to review their personalized information. Our system will do a behind-the-scenes calculation based on your energy use data (how much energy you used and when you used it). The calculation estimates costs based on your current routine, and we will tell you if you can expect to save on a TOU rate or not. If you can shift energy use from peak periods to off-peak periods, you may save even more.

The Time-of-Use rate comparison calculator is not available for SMECO members who have solar panels and participate in our net metering program, and it is not available for all commercial accounts.

When are off-peak times?

Summer off-peak times are weekdays after 7 p.m. and before 2 p.m.
Winter off-peak times are weekdays 8 p.m.-6 a.m. and 9 a.m.-5 p.m.
Weekends are always off-peak.

The following holidays—or the weekday they are observed if they fall on a weekend—are off-peak: New Year’s Day, Memorial Day, Independence Day, Labor Day, Thanksgiving Day, and Christmas Day.

When are peak times?

Peak times during the summer are weekdays, 2-7 p.m.
Peak times during the winter are weekdays, 6-9 a.m. and 5-8 p.m.

What is the “off-peak savings rate” for residential customers? (as of February 1, 2022)

Summer $0.05955/kWh
Winter $0.06864/kWh

What is the “on-peak weekday rate” for residential customers? (as of February 1, 2022)

Summer $0.14285/kWh
Winter $0.14782/kWh

How do I switch rates?

To switch from an SOS rate to a TOU rate (or from TOU to SOS), call SMECO or use the form below.
Your new rate will begin with your next meter reading date and will remain in effect until you request a new rate.
You must have a smart meter to select a TOU rate option.

How often can I switch rates?

You can select your rate for any billing period, but you can only be on one rate during a billing period. Billing periods begin and end with meter reading dates. Your meter reading dates are printed at the top of the second page of your bill.

Can I be on one rate in the summer and a different rate in the winter?

Yes, but once you switch to a different rate, you will stay on it for the billing period. Billing periods begin and end with meter reading dates. Your meter reading dates are printed at the top of the second page of your bill.

What if I have a second home or weekend house?

If you're only at your house on weekends, your service qualifies for the TOU or SOS rate. Weekends are always off-peak.

What if I have a shed, barn, pier, or boat slip?

If your shed, barn, pier, or boat slip is on a residential rate, your service qualifies for the TOU or SOS rate. Weekends are always off-peak.

Am I required to purchase energy from SMECO?

Options for purchasing energy from alternate suppliers can be accessed at the Maryland Public Service Commission’s website.

Sign Up for Time-of-Use Rates:

If you select TOU, the new rate will go into effect with your next meter reading date. The next bill you receive after that date will show your kWh usage, along with the TOU rate, during on-peak and off-peak periods for your billing period. For example, if you sign up for a new rate on February 4, and your meter reading date is on February 9, your new rate will appear on your March 9 bill.

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Please enroll my account in the following rate:

The rate you select will go into effect as of your next meter reading date.
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  • SOS rates do not change during the billing period.
  • TOU rates are lower during off-peak periods.
  • Customers on the SOS or TOU rate will also be charged (or credited) the Power Cost Adjustment - Energy.
  • You must have a smart meter for TOU rates.
  • SMECO’s SOS and TOU rates do not apply to alternate supplier energy rates.

Non-Residential Time-of-Use Rates:

General Service Non-Demand

  • Summer, off-peak: $0.06941/kWh
  • Summer, on-peak: $0.16578/kWh
  • Winter, off-peak: $0.06695/kWh
  • Winter, on-peak: $0.14944/kWh

General Service Demand

  • Summer, off-peak: $0.04665/kWh
  • Summer, on-peak: $0.07662/kWh
  • Winter, off-peak: $0.05297/kWh
  • Winter, on-peak: $0.07411/kWh

Large Power

  • Summer, off-peak: $0.04499/kWh
  • Summer, on-peak: $0.07392/kWh
  • Winter, off-peak: $0.05566/kWh
  • Winter, on-peak: $0.07726/kWh

Transmission

  • Summer, off-peak: $0.06360/kWh
  • Summer, on-peak: $0.12111/kWh
  • Winter, off-peak: $0.04644/kWh
  • Winter, on-peak: $0.06908/kWh

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