Fort Collins To Go To 'Time-of-day Pricing' For Utilities
Fort Collins will soon start charging different rates for electricity depending on when homeowners crank the heat or run the dishwasher.
KMGH-TV reports the city says the idea of "time-of-day pricing, which goes into effect next month, is to lower overall energy use, while also having utility costs reflect what the city pays for electricity.
Fort Collins homeowners will have to pay three times more during peak hours: 2:00 p.m. to 7:00 p.m. from May to September and 5:00 p.m. to 9:00 p.m. October through April.
However, homeowners will pay 30 percent less for that same energy if they use it during off-peak hours.
City officials say they will review the program after a year under the new pricing structure to ensure it is working as intended.
Information from KMGH-TV. Copyright 2018 Associated Press. All rights reserved.