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(Power)-State to allow tiered electricity rates by XCel
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Posted 04 March 2010 - 07:22 PM
DENVER — Colorado's largest power supplier is going to charge more this summer for customers who use the most electricity.
XCel Energy Inc. won approval from state utility regulators Wednesday to institute tiered electric rates during summertime. That means residential customers will pay higher rates for each kilowatt-hour once they exceed a monthly threshold.
Utilities in California and elsewhere already use tiered billing so that big electricity consumers pay more. XCel's plan would give the utility's 1.1 million Colorado customers a lower rate for the first 500 kwh per month and a higher rate for all electricity above that amount.
Regulators say the typical residential customer uses about 687 kwh a month from June to September.
http://www.gazette.c...allow-xcel.html
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