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PUC approves Public Service Company time‑of‑use rates, keeps revenue neutrality and opt‑out
Summary
The commission reviewed Public Service Company's updated time‑of‑use tariff sheets and calculations on May 7 and directed staff to finalize a written order; commissioners emphasized revenue neutrality and customer education.
Denver — The Colorado Public Utilities Commission on May 7 reviewed updated tariff sheets and calculations from Public Service Company of Colorado for new residential and small commercial time‑of‑use (TOU) rates and directed staff to finalize a written order for the rates to take effect later in 2025.
Why it matters: The TOU rates aim to align customer prices with system costs and encourage load shifting to reduce peak demand and future system capital needs. Commissioners said the design is revenue neutral so that average bills should not rise as a result of the rate…
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