Xcel Energy commercial customers are charged one of two rate structures based on a demand threshold: Commercial and Secondary General. The Commercial rate charges for energy use based on the kilowatt-hour used. Secondary General is also based on energy, but the rates can often be lower. However, there are sometimes hefty fees associated with demand when your business is in a Secondary General rate.
Several months ago, the demand threshold increased from 25kW to 50kW. This means that more businesses can qualify for a Commercial rate. But... Xcel Energy will not automatically switch businesses from one rate to another. You have to request it. This switch could help you save a significant amount of money.
If any or all of that was confusing- no worries! The next paragraph is key.
To find out which rate your business currently pays, locate a recent bill and look for the rate highlighted in the picture above. Instead of "Residential" you'll see either "Commercial" or "Secondary General" business rates. If you are currently in a Secondary General rate and have a usage under 50kW, contact Xcel Energy at 1-800-481-4700. A representative at the Xcel Energy Business Solution Center will be able to complete a rate analysis to see if the Commercial rate would be more affordable for your business.
|