Xcel Energy has determined the Average Hourly Incremental Cost of Electricity for 2008 is 4.842ยข per kilowatt hour. This factor will be applied to excess energy generated by photovoltaic electric systems installed in the Solar*Rewards program. This factor is also sometimes called the “avoided cost” rate. The retail cost for electric energy is about 9.7 cents per kwh (summer) and 9.4 cents per kwh (winter). see www.sunnysidesolarcolorado.com and click on “electric energy rates”.
Posts Tagged ‘electric rates’
Solar*Rewards Program update
Monday, January 12th, 2009Windsource Windfall
Monday, January 12th, 2009The Public Utility Commission (PUC) recently reported an excess of $1.6 million in Xcel’s WindSource coffers. Xcel apparently sold more wind energy than it generated. Caught with the hand in the cookie jar, Xcel has proposed a settlement of $2.6M to WindSource customers. Xcel proposes to refund the excess to the 47,000 WindSource customers in 2009. They estimate that will reduce the average WindSource customer’s extra cost of $35/month to $23/month in 2009. Xcel also plans to increase the WindSource portfolio with the remaining $1M. This information was recently published in the Daily Camera and Denver Post. Settlement results have not been posted.
