Electricity expriment

The term you may be referring to is "time-of-use" or "time-of-day" electricity tariff. This type of tariff involves dividing the day into different periods, typically peak, off-peak, and shoulder periods, and charging different rates for electricity consumption during each period.

The purpose of a time-of-use tariff is to incentivize consumers to shift their electricity usage away from peak demand periods when the cost of generating electricity is higher. By charging higher rates during peak hours and lower rates during off-peak hours, it encourages people to use electricity during times when the demand is lower, which can help balance the load on the electrical grid.

The specific details of time-of-use tariffs can vary depending on the utility provider and the region. Consumers usually receive information about the specific timing and rates for each period from their electricity provider.

It's worth noting that while time-of-use tariffs can be effective in promoting more efficient electricity usage, they may not always result in cost savings for all consumers, as it depends on their individual usage patterns