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.

Furthermore, the bill stipulates that utilities must provide a consent form for customers to sign, which must be clearly formatted in 12-point, boldface type. The form must inform customers that opting in is not mandatory and that their service will not be affected if they choose not to participate. It must also include an explanation of the time-of-use rate program and state that written consent is necessary for the installation of any required equipment.