Nest, SolarCity introduce new energy service on Time of Use rate plans

SolarCity customers can receive a Nest Thermostat at no cost when they go solar
SolarCity customers can receive a Nest Thermostat at no cost when they go solar

Nest Labs, Inc. (Palo Alto, CA, U.S.), on June 21st, 2016 announced the addition of “Time of Savings” to its energy services offerings which currently include seasonal savings and rush hour rewards.

Time of Savings makes it possible for the Nest Thermostat to learn the price of energy for customers on Time of Use (TOU) rate plans so it can automatically adjust itself to help these customers use less electricity when energy prices are most expensive.

Time of Savings is offered exclusively through Nest’s energy partners.

 

SolarCity couples solar power and the Nest thermostat

SolarCity customers can receive a Nest Thermostat at no cost when they go solar, taking advantage of affordable solar power and features from the Nest Thermostat that help save energy and money.

In addition, SolarCity customers who have a TOU rate plan and a Nest Thermostat will be enrolled in Time of Savings. Nest is working with other energy companies including Southern California Edison to bring Time of Savings to more customers in the future.

“The California Public Utilities Commission has mandated that the state’s major utilities – Pacific Gas & Electric, San Diego Gas & Electric, and Southern California Edison – move their residential customers to TOU rates by 2019,” said Ben Bixby, director of energy and enterprise business, Nest.

“This means millions of California homes will be billed for energy differently in just a few years. Working with our energy partners, we designed Time of Savings to help customers manage these changing pricing schedules and make it easy for them to use less energy without sacrificing comfort. We’re excited that SolarCity is our first partner to offer Time of Savings and Nest is working with regulated energy providers across North America to offer this new service.”

With TOU rates, energy prices can change during the day and also vary throughout the year. Nest designed Time of Savings to provide energy companies with a technology solution that not only helps their customers save money on TOU rates, but takes care of managing their energy consumption for them automatically.

 

2016-06-22 | Courtesy: Nest
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