Xcel offers ‘common sense’ tips to save money during extreme heat

2024-07-10
Xcel offers ‘common sense’ tips to save money during extreme heat

Powering Through the Heat: Xcel Energy's Strategies to Help Customers Beat the Summer Surge

As a heat wave sweeps across Colorado's Front Range, Xcel Energy is stepping up to provide customers with practical tips and insights to manage their energy usage and keep their bills in check. The utility company's proactive approach aims to not only help individuals save money but also ease the strain on the power grid during the most demanding times of the day.

Unlocking Savings and Sustainability: Xcel Energy's Comprehensive Guidance

Optimizing Energy Efficiency: Simple Strategies for Significant Savings

Xcel Energy's recommendations go beyond the obvious, offering a comprehensive approach to energy efficiency. While turning off lights when not in use and replacing traditional bulbs with LED alternatives are well-known tactics, the utility company delves deeper. Encouraging the use of programmable thermostats, which can automatically adjust temperatures when the home is unoccupied, can lead to substantial savings. Additionally, the strategic deployment of fans, whole-house or attic fans, and the strategic opening and closing of drapes and blinds can enhance air circulation and reduce the reliance on energy-intensive air conditioning.

Leveraging Time-of-Use Rates: Maximizing Savings through Informed Choices

Xcel Energy's time-of-use rate structure presents an opportunity for customers to optimize their energy usage and minimize costs. By understanding the varying rates throughout the day, consumers can make informed decisions about when to run energy-intensive appliances and activities. The off-peak rate of {{royaItemContent}}.12 per kilowatt-hour (kWh) during the 18-hour period from 7 p.m. to 1 p.m. provides a significant savings compared to the on-peak rate of {{royaItemContent}}.32 per kWh during the 4-hour window from 3 p.m. to 7 p.m. Customers can leverage this knowledge to shift their energy-consuming activities to off-peak hours, resulting in substantial cost savings.

Embracing Community Cooling: Exploring Alternative Spaces to Beat the Heat

Xcel Energy's recommendations extend beyond the home, encouraging customers to explore community spaces as a means of staying cool and reducing energy costs. Families interviewed by 9NEWS highlighted the potential of visiting libraries, community centers, and other public facilities that already have air conditioning in place. By taking advantage of these shared resources, customers can avoid the energy-intensive task of cooling their own homes during the hottest hours of the day, leading to significant savings on their utility bills.

Responding to Energy Action Days: Xcel Energy's Grid-Balancing Initiatives

Xcel Energy's proactive approach includes the potential issuance of Energy Action Days, which are triggered when extreme weather conditions place excessive stress on the energy grid. During these designated days, the utility company will likely send out additional tips and guidance to customers, encouraging them to further optimize their energy usage. Recommendations may include setting lights on timers, delaying the use of large appliances, and pre-cooling their homes to reduce the strain on the grid during the most critical hours.

Empowering Customers: Xcel Energy's Commitment to Transparency and Collaboration

Xcel Energy's efforts go beyond simply providing energy-saving tips; the company is committed to fostering transparency and collaboration with its customers. By openly sharing information about time-of-use rates and the rationale behind their recommendations, Xcel Energy empowers customers to make informed decisions and take an active role in managing their energy consumption. This collaborative approach not only benefits individual households but also contributes to the overall sustainability and resilience of the power grid, ensuring a reliable and cost-effective energy supply for the community.

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