While
@ajw22 responded with points for a variable speed pump, same logic applies for a 2 speed. Run on low, unless there is a specific need to go to high. If some of your items (SWCG, Heater, skimming) don't like the current low speed, then you are stuck a bit.
The current variable speed pumps are much more capable of saving huge amounts of energy. Google "pool pump energy calculator" and you will find several from manufacturers that will estimate optimal energy savings. Here's one:
Pool Pump Savings Calculator
Of course, they lean heavily on comparing worst to best, and don't have a lot of nuance, but still give a rough feel as to how much you can save. Payback can be in as little as 2 years. Might cost $850-$2000 (plus install, if needed), depending on whether you can (or are comfortable with) mixing brands. Many of us run on very slow 24/7, and the energy costs are really low ($20-25 per month, even with rates near yours!).
If you don't have automation of other things that need to be run, you can consider a cheaper option (~$500) of replacing just the motor on the pump with one that has 3 programmable settings (plus scheduled off times), that allow you to dial in a speed/time for each, which can realize the same cost savings. But depending on all your other items, may need other add-ons so everything plays well together. It is perhaps more DIY than you care to think about.
Start a new post if you want to pursue, and the experts here can get into the details of what choice would work the best for your pool.