On-peak hours are between 4pm and 7pm because more energy is used at that time. As a result, more energy needs to be produced so energy costs more, while during off-peak hours less energy is used and it costs less.
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Electricity is often cheaper late at night or early in the morning, so you can save on your electric bill if you run your heaviest loads during those times. These are typical off-peak hours when not as many people are using electricity.
adjective [ADJECTIVE noun] You use off-peak to describe something that happens or that is used at times when there is least demand for it. Prices at off-peak times are often lower than at other times. [...]
Off-peak travel, aka at a time when demand is lower, is a great way to take advantage of less expensive flights, fewer crowds, and more options for hotels and getaways. Granted, the cons are that, typically, the trip is during less than ideal weather, for example.
Take a look at your energy account and check your tariff rate. Most people will see that they have a lower tariff overnight, usually between 11 pm and 7 am. This is the best time to do your washing as you'll save money. Saving money on electricity is only part of the equation.
When you travel in the peak season — when everyone else wants to travel — demand, and therefore prices, are high. In the off-season, planes take off with empty seats, hotels are filled with empty beds and the travel industry as a collective lowers prices to increase demand.
Off-peak tickets are cheaper than anytime tickets – an off-peak return is usually only slightly more than an anytime single, but as the name implies, cannot be used during weekday peak periods.
Off-peak tickets, which used to be known as saver tickets, are usually cheaper than anytime tickets as they are valid for times that are less busy. They can be bought at any time, but are only valid within specific timeframes.
Peak fares are charged during business rush hours on any weekday train scheduled to arrive in NYC terminals between 6 a.m. and 10 a.m. or depart NYC terminals between 4 p.m. and 8 p.m.
About Off-Peak and Super Off-Peak ticketsThey are cheaper, but may require you to travel at specified times, or on specified days or routes. Where there is more than 1 Off-Peak fare for your journey, the cheaper fare – with more restrictions – is the Super Off-Peak.