Time-Based Rate Program

Definition
A Time-Based Rate Program is

"[a] type of electricity rate where rates vary for different days, times of day, or events (e.g. days with extremely high loads). Various types of customer systems facilitate implementation of these pricing programs. These include smart meters, controls, and communications systems and software, providing two-way information between utilities and customers. Such systems may control customer load, or provide rate information to customers to alter their electricity consumption behavior."