this post was submitted on 26 May 2026
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That depends on how the plans are set.
At least in NZ, the law forbids cross-subsidisarion i.e. customers on one plan paying more/less than is proportional to the cost of serving them, averaged across the group.
This means that here, if you are a cookie-cutter use-power-at-peak-times household, it's going to be cheaper to use a flat 24hour plan than a ToU plan, because the peak rate will be higher than the 24UC rate.
If you have an EV, you'll almost certainly be better off on a peak/off-peak plan.
Note that for a while, plans where you pay the current wholesale spot price were called ToU and those can be painful to be on.