Step 1: Understanding the relationship between RMS and peak voltage.
The relationship between the RMS value and peak value \( V_{\text{peak}} \) of an AC voltage is given by the formula:
\[
V_{\text{peak}} = \sqrt{2} \times V_{\text{RMS}}
\]
where \( V_{\text{RMS}} \) is the RMS (Root Mean Square) value.
Step 2: Substituting the given value.
For \( V_{\text{RMS}} = 220 \, \text{V} \), we get:
\[
V_{\text{peak}} = \sqrt{2} \times 220 \approx 311 \, \text{V}
\]
Step 3: Conclusion.
Thus, the peak value of 220 V AC is \( 311 \, \text{V} \), corresponding to option (B).