The proposed bill mandates that electric utilities in Minnesota must obtain explicit consent from customers before implementing a time-of-use rate program. This new requirement is codified under a new section, [216B.160], in Minnesota Statutes, chapter 216B. The bill defines key terms such as "electric utility" and "time-of-use rate," which refers to a pricing structure that varies based on the time of day.

To facilitate customer consent, the bill stipulates that electric utilities must provide a specific opt-in form for customers, which must be signed by the homeowner or business owner. This form must be clearly formatted in 12-point, boldface type and include essential information: that opting in is not mandatory and will not affect service, an explanation of the time-of-use rate program, and a statement that written consent is necessary for the installation of required equipment.