COLORADO SPRINGS, Colo. (KOAA) — Starting Wednesday, new Colorado Springs Utilities (CSU) customers' electricity bills will now depend on the time of day energy is used.
On Wednesday, the 'Energy Wise Rates' option will become the new standard for new customers. Existing customers will be tranistioned tho the new rate by early next year.
These rates mean that if you use energy from 5 p.m. to 9 p.m. on weekdays, officials say the cost of electricity will increase. If you use electricity on weekdays before 5 p.m. or after 9 p.m., you will see a lower price.
Those above instances do not include weekends or holidays.
For example, someone running an electric oven during peak hours in winter can expect an estimated charge of $0.44/hr, while off-peak charges would amount to $0.22/hr.
You can estimate the costs of your appliances and learn more about the Energy Wise Rates here.
CSU says that by shifting usage to off-peak times, this will decrease demand and help customers save money.
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