Time of Day is an opt-in program with a rate plan in which electricity rates vary according to the time of day, season, and day type (weekday or weekend/holiday). Electricity prices are higher during on-peak hours and lower during off-peak hours. With time-of-day, you have more control over your energy bills and when you shift your energy use to off-peak times, you can save substantially because the rates are lower. Shifting your energy use can be simple and easy because the times that prices go up or down are the same every weekday. This also helps us use more sustainable energy when we would otherwise have to rely on less environmentally friendly sources of energy.

New Year's Day, Memorial Day, Independence Day, Labor Day, Thanksgiving Day, Christmas Day

• Pre-heating or cooling your home outside of on-peak hours (turn off the heater or air conditioner right before on-peak hours begin).
• Setting the thermostat for your air conditioner at a higher temperature when it is running.
• You can also use a programmable thermostat to help manage your energy usage.
• Using timers to run appliances such as dishwashers, washing machines, and ovens at off-peak times (set timer to start when on-peak times are over).
• Installing timers on electricity-consuming appliances such as electric water heaters, indoor and outdoor lighting, water recirculation pumps, and pool and spa pumps.
• Using less hot water by operating washing machines and dishwashers during off-peak hours or on cold water.
• Turning off all but essential lighting.

All PNM customers are eligible for the Time-of-Day program (except customers on rates 6, 20, and 36B).

Yes, customers can choose to switch to the Residential service 1A.

Yes, residential customers with electric vehicles can participate. Customers enrolled in the Whole House EV program cannot participate in the Time-of-Day program. They will need to choose which program is most beneficial to them.

Yes, a solar customer can participate in this program, but we suggest speaking to the solar group about net metering.

Residential and Small Power customers only will qualify for the bill guarantee during the program. The bill guarantee will only be available one time per customer under the following conditions. The bill guarantee will be calculated once at the end of a customer's first twelve consecutive months on the program rate at the same premise. After the twelve months, PNM will calculate what the customer would have paid under their original rate and what they paid under the Time-Of-Day rate. If the customer paid more under the Time-Of-Day rate, then PNM will credit the difference on the customer's bill.

Time-of-Day rate plans are based on how much energy you use and when you use it. By shifting some electricity usage to times when energy costs are less and demand is down, you can lower your bill and support a healthier environment.

Sign up on PNM.com/timeofday or call customer service at (888) DIAL-PNM (1-888-342-5766). Weekdays, 7:30 a.m. to 6 p.m.

We are excited to invite you to join our Time of Day rate program. This program will help you save money on your electricity bill when you use energy at different times of the day.

When you are a part of the Control Group, here is how Time of Day will work:

• You will receive a new cellular meter that will track your energy use every hour. You can access this data online anytime.
• For the first year, you will stay on your current Residential (1A) rate and pay the same amount as before. This will give you time to learn about your energy habits and how to adjust them for the Time of Day rate.
• After one year, you will switch to the Time of Day rate. This means you will pay less for electricity during off-peak hours (when demand is low) and more during on-peak hours (when demand is high). Off-peak hours are usually at night, on weekends and on holidays. On-peak hours are usually in the afternoon and evening on weekdays.
• By shifting some of your energy use to off-peak hours, you can lower your bill and help us manage the electricity supply better.

We hope you will join us in this program and enjoy the benefits of the Time of Day rate.