GRAND JUNCTION, Colo. - Xcel Energy says they have a plan to let you know when its more expensive to use electricity with the installation of what they call advanced meters though, officials with the Colorado branch of the AARP have become very vocal in questioning if these new devices will truly end up saving customers money.
The project would cost $560 million to install at the 1.6 million Colorado homes, putting a cost of $400 per Xcel rate payer in Colorado.
The utility says customers would start seeing savings four years after installation leading those at AARP to question just how effective the project will be.
"We did an analysis of the benefit to consumers and the benefit is less than the cost." said Bill Levis, a former consultant for the Colorado Public Utility Commission, now consulting for AARP, "That's the problem."
For Xcel they say its letting consumers know about their energy usage.
"Give them information on how they are using their electricity maybe give them the ability to use their electricity in a different way but just more data that we're finding our customers really want" said Mark Stutz, a spokesman for Xcel Energy.
Final design for the project isn't set in stone and approval for the project may not take place until mid-summer.
There is a public hearing for this at the end of the month in Denver:
Tuesday, February 28, 2017 at 4:00 p.m.
Public Utility Commission
1560 Broadway, Suite 250
Denver, CO 80202