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Xcel Energy Inc. is a U.S. regulated electric utility and natural gas delivery company based in Minneapolis, Minnesota, serving more than 3.7 million electric customers and 2.1 million natural gas customers across parts of eight states (Colorado, Minnesota, Wisconsin, Michigan, North Dakota, South Dakota, Texas and New Mexico). [3]
Xcel Energy is no longer appealing a state utility regulators' decision to limit a crucial profit measure, abruptly ending part of a protracted, bitter debate about electric rates and ultimately ...
A total of 39 customers have subscribed to the project. Each kW of the array's 400 kW was sold in blocks, with a limit of 15 blocks per customer. Each block represents 112 kilowatt hours (kWh) on a customer's monthly bill, so the maximum benefit per customer is 1,680 kWh. The average OUC residential customer uses around 1,200 kWh.
The simple rate charges a specific dollar per kilowatt hour ($/kWh) consumed. The tiered rate is one of the more common residential rate programs. The tiered rate charges a higher rate as customer usage increases. TOU and demand rates are structured to help maintain and control a utility's peak demand. [6]
Xcel has asked state utility regulators to let it switch Minnesota electric customers to variable rates, which on summer weekdays would be seven times more expensive from 3-8 p.m. than between ...
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