Are those rates inclusive of both power generation as well as delivery charges? In my state (MA), the two are separate on the bill, and the TOU rate applies only to delivery services, not to energy (power generation). Ever since the utilities were deregulated 20 -25 years ago, they just pass through the cost of power, and the power generating company has no knowledge of who uses what when, so their portion of the bill is not affected by time of use....sadly!
Anyway, if those rates include both components, I would say they are very good rates! Mine run about double that or more, even with TOU.
Well, based on ...
https://www.xcelenergy.com/staticfiles/xe/Regulatory/COResRates.pdf
XCel said:
Adjustments
Xcel Energy’s costs vary with changes to the costs of fuel (coal and natural gas) and
purchased power used to provide electricity and purchased natural gas. Your bill
reflects these adjustments. Please check the back of your bill for an explanation of
all adjustments or visit our website for the same information. These adjustments are
located on the back of this brochure
... it reads like there are "adjustments":
A Purchased Capacity Cost Adjustment (PCCA) (1/1/2017)
Schedule R $0.00465/kWh
Schedule RD $0.49/kW-Mo
Demand-Side Management Cost Adjustment (DSMCA) (1/1/2017)
Schedule R $0.00132/kWh
Schedule RD $0.13/kW-Mo
Transmission Cost Adjustment (TCA) (1/1/2017)
Schedule R $0.00109/kWh
Schedule RD $0.11 /kW-Mo
Clean Air-Clean Jobs Act Rider (CACJA) (1/1/2017)
Schedule R $0.00503/kWh
Schedule RD $0.53/kW-Mo
Electric Commodity Adjustment (ECA) (1/1/2017)
$0.03078 per kilowatt hour (kWh),
An Earning Sharing Adjustment (ESA) 8/1/2016
(0.94)% credit (=>-0.94%/kWh), all base monthly amounts as calculated under rate schedules
Renewable Energy Standard Adjustment (RESA) (1/1/2009)
2% on pre-tax, pre-franchise-fee bill (=> +2%/kWh after ESA)
So that implies for kWh at rate $r/kWh
Effective rate before sales tax = 1.02((1-0.0094)r + 0.04287)
= 1.010412r + 0.0437274
= r + 0.010412r + 0.0437274
So pre-tax additions are:
= 0.010412r + 0.0437274
TL;DR
Add-ons are about 4.4c to 4.6c pre tax.