To learn more about Time of Use rates, visit xcelenergy.com/TOU, and for more information on smart meters, visit xcelenergy.com/SmartMeter (external link). Watch your mail and monthly billing statements for communications about how and when this change will affect you.
Residential customers will transition to the Time of Use rate after a new smart electric meter is installed at their home, rolling out across Colorado through December 2024. Opt-out programs will be offered for smart meters and for the Time of Use rate.
Time of Use rates can help customers manage bills by using electricity when it costs less. They can also help reduce carbon emissions. Under this type of rate, customers pay different prices per kilowatt hour of electricity they use, depending on when they use it.
After a successful trial in Colorado homes, Xcel Energy asked the Colorado Public Utilities Commission to approve Time of Use rates for all residential customers, beginning in 2021. A unanimous settlement (PDF) was reached and granted approval by a CPUC administrative Law Judge on Sept. 11, 2020. See the CPUC decision for more details (PDF)
Filing materials related to this proposal will be available here. You can also follow the proceeding and access electronic filings at the Colorado Department of Regulatory Agencies (external link). Search for Proceeding No. 19AL-0687E.
You have been selected to participate in a brief survey to help us improve our site.
By selecting YES, an additional window will open to allow you to take the survey at the conclusion of your visit. Please do not close it if you would like to participate.