Select Pricing Plan Frequently Asked Questions

The Select Pricing Plan offers more opportunities to save on your energy costs. This billing plan bases your delivery charges on the days your home uses the most electricity during an hourly period. Your delivery charges are what you pay Con Edison to bring energy to your home/business.

Your Select Pricing Plan is a new billing plan comprised of two delivery charges for energy use during peak and off-peak hours. During peak hours, delivery charges are higher. During off-peak hours, delivery charges are lower.

You can benefit and save money from using energy wisely by making changes like staggering energy use (especially during peak hours) so large electric devices (like a dishwasher or clothes washer) will run at separate times instead of all at once, or by shifting your energy use of those appliances to off-peak hours (for example, you could set your dishwasher to run before or after peak hours).

Peak refers to the times of day when delivery charges are higher. Off-peak refers to the times when delivery charges are lower, including weekends and holidays.

On the Select Pricing Plan, your savings can add up over time in two ways:

• Stagger when you use large electric devices (like a dishwasher or clothes washer) so they don’t run all at once, especially during peak hours.
• Shift your energy use to off-peak hours to save more.

Large appliances like clothes washers, electric clothes dryers, space heaters, air conditioners, dishwashers, and electric stoves or ovens use the most energy. Running multiple large appliances at once during an hourly period requires more power than running just one appliance. Therefore, the more large appliances running at once, the more it costs to deliver energy to power them.

See how much energy common devices typically use.

Your Select Pricing Plan bill looks very similar to your old bill. The key difference is that your Select Pricing Plan bill displays your peak and off-peak charges.

Any time your energy use goes up, your bill will typically be higher as well (when compared with months when you used less energy).

But if you stagger when you use your devices, distributing energy steadily over the course of the day, you could actually pay less on the Select Pricing Plan than you would have on your prior rate.

Once you start to receive bills on the Select Pricing Plan, you can log into My Account to compare what you paid on the Select Pricing Plan to what you would have paid on your old plan.

Our bill-comparison tool provides this comparison on both a month-to-month and annual basis.

The key to saving on the Select Pricing Plan is avoiding large spikes in the amount of electricity you use at one time. But the weather can sometimes make this difficult.

For example, October often starts out with a few days of summer-like heat before cooling down for the remainder of the month. Running an air conditioner on hot days would result in a spike in your energy use during an otherwise cool month when your overall kilowatt-hour consumption would be relatively low.

The same thing can occur in May or June, when the weather may be cool for the first few weeks before heating up just before the month ends.

On months like these, your bill may be higher than what you would have paid on your old plan. That doesn’t necessarily mean that the Select Pricing Plan is a bad fit. That’s why it’s important to check your annual bill comparison to see if you are saving overall.

Heat pumps are more efficient than air conditioners, so you’re already better off. The best way to maximize your savings with heat pumps is to turn on your heating or cooling before your peak hours, and leave them at a consistent temperature throughout the day to avoid spikes in electricity during those hourly periods.

Yes, as long as you have a smart meter and working communications equipment installed at your home or businesses.

Please email us or call 1-212-358-3790 to learn more and enroll.