What exactly is a time restriction tariff?

This is the tariff in which the price of electricity varies according to the time at which electricity is used. The aim is to avoid electricity peak demand times, rewarding users that transfer their electricity usage from peak hours to off-peak hours, which is when the production and the distribution of electricity is cheaper.

If users can transfer most of their electricity consumption to lower demand times (in the morning and in the evening) they will benefit from significant discounts on the price of electricity. On the other hand, they will have a surcharge applied to electricity consumption during peak electricity demand hours, which should be taken into account to avoid paying more money.

To be billed with time restriction tariffs, customers must have a meter installed that enables consumption to be distinguished during the different time periods.

Off-peak hours are those in which the price of electricity is at its cheapest, on the other hand, peak-hours are when electricity is at its most expensive.