Smart Metering - What does peak time mean?

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What does peak time mean?

Peak time refers to the time of the day when the electricity demand on the grid is typically at its highest. These are the times when Irish energy networks are under strain as most households and businesses use electricity during this time. To take the pressure off the electricity grid, we offer varying electricity rates to our customers throughout the day to encourage customers to consume their energy during non-peak hours.

Currently, peak hours for smart standard tariffs are between 5pm to 7pm. During peak hours, electricity rates are usually higher than non-peak hours.