What are the different residential rate plans offered?

Xcel Energy offers various residential rate plans tailored to meet different customer needs. The company offers a few primary rate plans, including Standard, Time of Use (TOU), and Peak Demand. The Standard plan provides a consistent rate throughout the day, offering stability and simplicity for customers who prefer predictable bills. The TOU plan incentivizes customers to shift their energy usage to off-peak hours by providing lower rates during those times. This plan can be advantageous to those who can adapt their consumption habits. The Peak Demand plan is designed for customers with high energy consumption during peak hours, offering reduced rates during off-peak times to encourage load management. These rate plans provide flexibility and options to accommodate the diverse energy usage patterns of residential customers.