Ultra-low overnight (ULO) rates
Similar to TOU rates, with ULO, the price depends on
when you use electricity. ULO has an additional price period, a different set of rates and offers an ultra-low overnight rate in exchange for a higher on-peak rate.
With ULO pricing you are charged according to the day of the week and time of day that you use electricity.
There are four price periods: on-peak, mid-peak, weekend off-peak, and ultra-low-overnight. The ULO plan sets a very low price for the overnight period, however, the on-peak price is significantly higher.
This plan could be beneficial to those who consume a major portion of their electricity overnight, or to those who charge an electric vehicle overnight.
The ULO periods (hours) are the
same in the summer as they are in the winter.