This bill mandates that electric utilities in Minnesota must obtain explicit consent from customers before implementing a time-of-use rate program. The new legal language introduces a section in Minnesota Statutes, chapter 216B, specifically addressing time-of-use rate programs. It defines key terms such as "electric utility" and "time-of-use rate," and establishes that customers must opt-in to this pricing structure.

Furthermore, the bill requires electric utilities to create a consent form for customers, which must be signed by the homeowner or business owner to participate in the program. The form must be clearly formatted in 12-point, boldface type and include essential information: that opting in is not mandatory, an explanation of the time-of-use rate program, and a statement that written consent is necessary for the installation of required equipment. This ensures that customers are fully informed and voluntarily agree to the new rate structure.