TC Light & Power Prepares to Move to Time-of-Use Rates
By Beth Milligan | Nov. 10, 2025
Starting in December, Traverse City Light & Power (TCLP) customers will all be transitioned to a new rate structure. Called time-of-use (TOU), the dynamic pricing model is similar to surge pricing for ride-share companies – charging a higher rate when electricity is most in demand and expensive to produce and a lower rate when costs and demand are lower. The Ticker looks at what the transition will mean for customers, with TCLP also set to host two open houses on the new rates Thursday from 12pm-1pm and 5:30-6:30pm at the Hastings Street service center.
The city-owned utility has been preparing for several years to transition to TOU rates – a …
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