Xcel Energy is proposing new time of use rates, that if approved, could take effect as early at May 2025. KMGH Denver, CO Posted: December 18, 2024 | Last updated: March 5, 2025 ...

Xcel Energy is considering raising the rates at peak times. Latest ... The company is proposing to track your energy by using a "Time of Use" rate starting in 2025.

Xcel is already transitioning to time-of-use rates in Colorado. The company planned to launch the program in Minnesota in mid-to-late 2025 after completing a rollout of new energy meters underway ...

The proposal would mean an average increase of $9.89 on an Xcel customer’s monthly bill this year. Xcel Energy proposes rate increases of almost 10% in 2025 Skip to main content ...

Starting with the April 1 billing cycle, Xcel residential customers with smart meters will be automatically signed up for time-of-use (TOU) pricing unless they opt out. Holy Cross also offers a TOU ...

Time-of-use rates would better reflect the actual cost of delivering energy during those high-demand periods, Long said. Potentially, they could allow Xcel to avoid building a new power plant to ...

Xcel showed that 310,000 time of use customers in a one-year period from 2022-23, would have saved, on average, 21 cents if they were billed at the flat rate option instead of the time of use ...

Xcel Energy and the commission are still hashing out a long-term rate agreement for the years 2022 through 2024. Harris says a decision on that won't come until next summer.

An interim electricity rate increase of 5.2% was approved in December, and that rate will stay in place until the PUC makes its final decision during the summer of 2026. Close Ad Before You Leave ...