I am not an expert cultivator, but I am an electrician... The third prong has a reason. It will work without it, but now your system is not grounded. depending on how much power your running (say for instance anything with a ballast) it might be a good idea to just find a three prong timer. The ground leg (or the third prong) is there so that if there ever was a short in your wiring, or your "hot" wire ever became exposed. instead of the shock transfering to anyone who might touch something connected to the shorted wire, it jumps to your ground instead, assuming correct electrical setup. I know it might make the light work, but in the interest of safety I wouldn't do it personally.