timeofuse
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Nest can slash people's energy use during peak prices
In California, energy companies have to switch all customers to Time of Use (TOU) rate plans by 2019. Under TOU, energy prices change throughout the day -- it won't be easy to monitor rates and adjust cooling and heating manually every hour or so. To help users stick to their budget, Nest is introducing a new feature called "Time of Savings." The service shares customers' TOU rate info with Nest, which then auto-adjusts itself to reduce energy consumption during the most expensive periods. Nest will only change the temperature by a degree or two, though, and users will have to tweak it themselves if they want to save more money.
