XCEL’s Summer Time of Use Rates

Are you looking for ways to save on your electricity bill? The team at Golden Solar Electric is here to help you find more ways to save. All you need is an AMI meter, also referred to as a smart meter, which the majority of XCEL customers possess. One of the easiest ways to save money is by using your electricity during off-peak hours. Off-peak hours is any time before 1pm and after 7pm during the week, and all day on weekends and holidays. This gives you 18 hours in a day to run your appliances at the lowest cost. If running your appliances around these times is inconvenient for you, you can also use electricity in the mid-peak window, which will still save you some money vs. peak rates. Mid-peak hours are from 1pm-3pm and are the next best option outside of the 18 hour window for the off-peak hours. Shifting your usage can save up to 17 cents per kilowatt hour in the summer months (which is over a 60% savings per kilowatt hour!). If you use more electricity during peak-hours, which is from 3pm-7pm, you may be spending up to 28 cents per kilowatt hour used. In addition to this, weekends and holidays will be treated as off-peak hours. So if you are unable to do this during off-peak during the week, you can always wait until the weekend to run your heavy appliances and take advantage of the off-peak being applied to weekends. XCEL also provides a break down on your bill for when you were pulling power from the grid and tells you how often you are consuming during off-peak, mid-peak and on-peak. XCEL Energy has a detailed summary of what and when the different peak hours are. If you want to learn more about it, click the following links. XCEL Time of Use Billing Info and XCEL Solar TOU FAQ