Xcel Energy would like to test a new “Time of Use” pricing program on about 2,000 homes in Boulder. From the DBJ’s Cathy Proctor:
Called “Time of Use” pricing, the program is intended to send a better signal to customers about how the price of electricity changes through the day — higher during peak demand times and lower at other times. It’s also intended to curb electricity consumption when demand for power — and the price of power — is at its highest.
Prices of electricity under the proposal for the pilot program would swing from a low of 4 cents per kilowatt hour to a high of nearly 54 cents per kilowatt hour, depending on when it’s used, Xcel said.
