Depending on your lifestyle (work from home or not) it is cheaper to switch to the non-time-based-billing option. Especially since they now want to expand the "peak hours" to be the time you are MOST likely to be using electricity for heating/cooling/entertainment/cooking etc.. Archive: https://archive.today/JEOkQ From the post: >>Xcel Energy is prepared to ask state regulators to expand and shift when it charges the highest rate for electricity. Next Tuesday, Xcel will submit its proposal for Time of Use rates starting in May 2025. The current peak rates are 3-7 p.m. on weekdays, except for holidays. A draft proposal obtained by 9NEWS shows summertime peak rates expanding to six hours, from 3-9 p.m. However, those six hours would be at a cheaper rate (16.4 cents/kWh) than the current four-hour peak rate (20.9 cents/ kWh). The off-peak rate would be all other hours, weekends and holidays and is currently proposed at 8.2 cents/ kWh compared to the current 7.75 cents/ kWh. Mid-peak shoulder rates from 1-3 p.m. would go away altogether.