How to save money on your electricity bill - KOAT New Mexico
How to save money on your electricity bill
PNM launches program to help customers lower bills
PNM is helping customers save money on their bills by launching a new program.
The Time-of-Day rate program is voluntary and allows customers to lower electricity costs by using their electricity during certain times of the day.
Electricity prices vary based on the time of day, time of season and whether it's a weekend or a weekday. According to PNM, prices are higher during on-peak hours and lower during off-peak hours.
With the new program, customers have more control over their energy bills.
"It's a program that customers can sign up for. It's available to both residential and small business customers. So when you sign up, you will get a free cellular meter that lets you track your electric usage,' said Terri Reishus with PNM.
According to PNM, a few ways customers can shift their energy use away from peak hours include:
- Using washing machines and dishwashers during off-peak hours.
- Pre-heating or colling their home outside of on-peak hours.
- Turning up the thermostat to a higher temperature.
- Turning off all lights other than those that are essential.
To sign up, click here.
Related Knowledge Center: Climate legislation
The federal government and states are in the process of implementing two laws — the Infrastructure Investment and Jobs Act and the Inflation Reduction Act — an investment of more than a trillion dollars to address climate change.