I called FPL. Both representatives on the phone was very not knowledgable. The first one tried to convince me that FPL does not offer TOU rates for residential customers. The second one told me that they do offer TOU with Net Metering, but couldn't tell me anything about the rates. She said that someone else would call me to explain.
In the rate table it says -4.885 for off-peak. What does this mean? Why is the number negative? Do I get a credit for using power during off-peak periods?
I spoke with someone from FPL today about TOU meter. They said they will get it installed by next meter reading, which is in 20 days. She said they will do the TOU overlay for the days I was on TOU. Since I'm not on net metering yet, I didn't mention being in the application process in order to not slow down my TOU meter process, but I asked hypothetically if I were to make that change in the future, but she really wasn't able to get into the credits as it becomes more complicated, but she did say that everyone that added TOU to net metering came out cheaper after TOU. There was some info shared I thought would be useful to others thinking of going TOU:
1. Electric bill still calculated like a regular residential bill with different rates for over and under 1,000 kWh. After those calculations, they make adjustments for peak and off-peak. It seems like the peak/off-peak adjustments don't matter if usage is over or under 1,000kW.
2. The first full month on TOU will be calculated and will only be applied if there is a savings. The next month the change will be applied regardless. Sounded like a courtesy period to change your mind if the hit was worse than expected.
3. She said it is an actual meter replacement (she mentioned the meter has to be calibrated correctly).
4. I asked if there would be another meter change from TOU to TOU with net metering and she said it would.
5. She said that you will lose the energy dashboard (hourly/daily usage tracking) on FPL website when you go TOU with net metering. TOU only meter will still let you view hourly consumption. Not a big deal for me since I have the Tesla app that tracks the same and more, it was nice to be able to compare, but since I have already compared and confirmed they match, I don't see an issue with losing that feature.
6. I assume net metering credits will not be peak or off-peak because of the way she explained the bill being calculated. It would just be a reduction in number of kWh billed on the next month with no regard to whether they were peak or off-peak and your new month peak and off-peak adjustments would be made regardless of the credits, but on actual net usage for that month.
In summary, I think you need to stay away from peak every month or at least 70% off-peak as someone calculated previously on this thread. I think that will be near impossible for most families without Powerwalls, since you would have to shift your whole family away from using peak power and in winter you don't have peak power overlapping peak production hours.