The SmartGridCity pilot allows for the exploration of smart grid tools in a real-world setting. Your smart meter, My Account, and Pricing Plan all work together to help you understand more about your energy usage.
The smart meter wirelessly transmits your energy use to Xcel Energy. This allows you to view detailed information (from 15-minute intervals to monthly and yearly comparisons) about your household electricity use in My Account. Understanding how and when you use electricity allows for informed choices in determining how to maximize the Shift & Save plan.
Shift & Save customers pay 4¢ per kilowatt hour during Off Peak hours, which is a lower rate than the standard Tiered Rate - the rate for most Xcel customers. The rate goes up to 17¢ during On Peak hours in the summer and 6¢ in non-summer. The the plan highly encourages participants to shift non-essential tasks to Off Peak hours for greater savings than customers on Tiered Rates.
For more energy savings tips visit xcelenergy.com.