eddiememphis
06-03-2024, 17:09
https://www.denver7.com/money/consumer/xcel-customers-with-smart-meters-will-start-paying-more-for-electricity-starting-monday
The "time of use" pricing rate, which went into effect June 1, means Xcel customers will pay more than two times the price per kilowatt hour (kWh) if using energy during peak time hours, from 1 p.m. to 7 p.m. on weekdays.
Customers using electricity within that timeframe will see their energy bill go up from $0.12/kWh to $0.32/kWh- nearly three times more than if using electricity during "off-peak" hours.
"If you think about it, we're trying to curtail the amount of energy that is consumed at the largest part of the day," Andrew Holder, a spokesperson for Xcel Energy.
Holder told Denver7 the time of use rate for customers with smart meters, "allows our electric customers to have the freedom of choice to ensure that they can meet their energy usage and use their energy as efficiently and as effective as possible,"...
Bullshit.
Xcel has a monopoly in Denver so there is no freedom of choice. They have a tiered pricing plan because they can charge more when users need more and the idiots in the Public Utilities Commission allow it.
I am lucky that I can afford to run the A/C and my electric oven or clothes dryer at the same time between 1 and 7 p.m. Not everyone has that luxurious "freedom of choice".
We need choice and competition to achieve a real market value on electricity.
The "time of use" pricing rate, which went into effect June 1, means Xcel customers will pay more than two times the price per kilowatt hour (kWh) if using energy during peak time hours, from 1 p.m. to 7 p.m. on weekdays.
Customers using electricity within that timeframe will see their energy bill go up from $0.12/kWh to $0.32/kWh- nearly three times more than if using electricity during "off-peak" hours.
"If you think about it, we're trying to curtail the amount of energy that is consumed at the largest part of the day," Andrew Holder, a spokesperson for Xcel Energy.
Holder told Denver7 the time of use rate for customers with smart meters, "allows our electric customers to have the freedom of choice to ensure that they can meet their energy usage and use their energy as efficiently and as effective as possible,"...
Bullshit.
Xcel has a monopoly in Denver so there is no freedom of choice. They have a tiered pricing plan because they can charge more when users need more and the idiots in the Public Utilities Commission allow it.
I am lucky that I can afford to run the A/C and my electric oven or clothes dryer at the same time between 1 and 7 p.m. Not everyone has that luxurious "freedom of choice".
We need choice and competition to achieve a real market value on electricity.