Nest Renew1 can use your Nest thermostat to prioritize2 cooling or heating when it’s less expensive3, if you have an electric cooling, electric heating, or solar panels, and time-of-use (TOU) peak pricing from your energy provider.
Learn about peak pricing
When demand for electricity is especially high this is called a peak period. For instance, summer peak times are usually mid-to-late afternoon, when businesses still have cooling on and people are arriving home and turning on the air conditioner.
Some utilities use peak pricing to incentivize customers to use less energy during these peak periods. These pricing programs have many variants and names, such as time-of-use (TOU) or peak time savings. The most common type is a TOU rate, which means customers pay more for the electricity they use during peak times.
Nest Renew can save money with TOU rates
If you are enrolled in a utility's TOU plan, Nest Renew will use your TOU rate to prioritize2 heating or cooling when it's less expensive3. You can find out more about what Nest Renew can do for your home in the Learn about Nest Renew article.
Check with your energy provider to understand the specific times and rates for your TOU plan. You can also track your energy savings in the monthly Nest Home Report and compare them to your energy bill.
1 Nest Renew requires 3rd generation Nest Learning Thermostat, Nest Thermostat E, or the newest Nest Thermostat, connected to a Google account. (Sold separately.) Nest Renew available in select locations.
2 Adjustments only shift electricity usage from your heating and cooling.
3 Only available for customers on certain electric utility time-of-use rates (check availability).