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Non-Coincident Peak (NCP) is the individual or actual peak demands of each load in an electrical system oftentimes occurring at different hours of the day. It does not necessarily fall during system peak. (This is what i understood about NCP...I gladly welcome corrections)
It hoes into it 9 times
8 dollars times 62 hours and 30 minutes = 500 dollar hours
1 day has 24 hours. 1 day is 12 times long than 2 hours.
365 days in a year, times 24 hours in a day =8,760.8,760 hours in 1 year, times 5 years = 43,800 hours in 5 years!