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

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.

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