Wednesday, April 10, 2024

Xcel Energy Hopes Charging More For Electricity During Peak Hours Will Encourage Customers To Shift Energy Use | MPR...

Xcel Energy, Minnesota's largest electric utility, is proposing a new pricing plan that would charge residential customers more for using energy during hot summer afternoons and starting laundry after dinner. Under the plan, variable electric rates would be highest during the peak period of 3-8 pm on weekdays and cheapest overnight from midnight to 6 am. Other hours would be a base rate.

If state regulators approve the plan, it would be the default for all residential customers unless they opt out.

Many utilities already offer voluntary programs and incentives to customers who reduce their energy use at certain times. However, Xcel's plan would be the default for all its residential customers unless they choose to opt out. The plan aims to encourage customers to reduce their energy use during peak hours, which would help manage the grid and reduce the need for expensive peaking power plants.

The proposed pricing plan is part of Xcel Energy's effort to reduce its reliance on fossil fuels and increase its use of renewable energy sources. ← →
Image

Source: See here

_______

Running the air conditioner on hot summer afternoons or starting a load of laundry after dinner could get more expensive for Xcel Energy's residential customers in Minnesota.

No comments:

Post a Comment