Edison pretty much charges 2-3x more for peak usage, 30% more for "off-peak", and 20% less for sleeping hours compared to LADWP depending on tier. So they made

Edison pretty much charges 2-3x more for peak usage, 30% more for "off-peak", and 20% less for sleeping hours compared to LADWP depending on tier. So they made a bunch more money since people don't just suddenly shift all their electricity usage to after midnight. I remember there being a lot of outage when they rolled out smart metering since most people had pretty drastic increases to their electric bill.