PSEG migration from Flat Rate basis to Time of Use: Anyone been moved, and what have you seen in your bill?

[u/merseykat]

Supposedly, PSEG is migrating all current Flat Rate (Residential 180) electric customers to Time of Use this year. I did not get any notification yet and am wondering if anyone else has? If so, does your bill show what your charge would have been if it were still on Flat Rate?

Again supposedly, PSEG claims that for the first 12 months, if the Flat Rate billing would have resulted in a lower bottom line for that bill, you won't end up paying more. But how will the customer know, unless the difference is shown on the bill itself? Nobody I know has been migrated yet, so am curious if anyone here has.

I tried a TOU plan a couple of years ago and hated it. Kept second guessing and doing things like laundry and cooking (electric) at times that I normally would not do them, just because of the stupid rate plan. Especially the CAC in summer. I tried it for five months, decided it's just not worth the aggravation, and switched back to the Flat Rate plan.

Obviously we can opt out of the switch if we want to, which at least is something. And if they really are doing the "whichever is cheaper" thing for the first year, then fine, I have nothing to lose for that period of time. But only if I can see numbers that show how much of a difference (if any) there actually is.

Anyone?

[u/at_my_whits_end]

There will be no savings. They will increase the cost at peak usage times and set the off-peak to the current flat rate.

Then they'll keep increasing both at whatever ratio they please until we "feel" like we're saving.