More options, more control, more chances to save
Next-Day Pricing is a new energy pricing option that gives more accurate energy price
signals to businesses, like yours, that want to control energy costs. The actual cost of
generating power varies on a daily basis, depending on the generation mix we must use
on a given day. (Coal generation, for example, is a lower cost than natural gas generation.)
Next-Day Pricing gives you clear, day-ahead price signals that match the actual market
pricing. This gives you the option to alter your electric load based on actual market
conditions. At the same time, Day-Ahead Pricing still incorporates a degree of price
certainty to protect you, by limiting the number of high-priced energy periods.
By 3:30 p.m. the day before, Next-Day Pricing lets you know the next day's energy
pricing, giving you the opportunity to adjust your electric load accordingly.
Next-Day Pricing energy rates fall into one of four categories – economy, mid-economy,
peak or critical. Knowing those rates in advance gives you an opportunity to reschedule
energy-consuming tasks – away from peak and critical to economy and mid-economy
times whenever possible. And that gives you the potential to save on your energy costs.
Effortless, reliable information
Participating in Next-Day Pricing is easy and effective. Each day, you'll receive
an email informing you of the next day's pricing category no later than 3:30 p.m. You
can also access the program's website, where you'll find a 10-day pricing forecast and a
year-to-date summary.
If you're able to react to Next-Day Pricing and lower your kilowatt-hour use during
critical and peak levels, you'll have the potential to save money, while also reducing
demand on the electric system during high-use periods. If you cannot take part, there is
no penalty and you'll pay rates based on the day's pricing category.
Take part in Next-Day Pricing. Contact your WPS
account representative today.
