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Energy companies utilise a time-of-use system essentially to ease the demand on their power plants at certain times. It has been categorised into Peak hour and Off-Peak Hours. In principle, they coincide with the concept of demand and supply.
This pricing policy is adopted by energy companies to encourage their customers to relegate parts of their energy consumption from peak hours to off-peak hours.
This strategy helps energy companies mitigate the likelihood of issues such as load-shedding and technical breakdowns if the power grids become overwhelmed. so consult your local energy company for more insight. I hope I have fed your curiosity, thanks for watching.

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