Xcel Energy customers may see slight drop in gas rates, small rise in electric bills

The utility said in a statement that based on natural gas costs, the typical residential customer could see a 4.17% decline, or $1.73, in the monthly bill. Rates for small commercial customers are expected to drop 4.82%, or $9.19, a month.

The company submitted its proposed quarterly price adjustments to the Colorado Public Utilities Commission last week. If approved by the PUC, the changes will take effect April 1 and stay in place for three months. The rates are adjusted every three months to reflect commodity prices. Xcel said the changes are passed onto customers on a dollar-to-dollar basis and that it doesn’t profit from recovering cost increases.A long-sought deal around a little power plant might be a model for Colorado River cooperation

In documents filed in January, Xcel said that a typical residential monthly bill would increase by 7.4% if the PUC grants its request to defer any increases for customers until mid-February 2025. That’s when a temporary rider on customers’ bills to pay costs from a 2021 severe winter storm will expire.

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Colorado snowstorm: Xcel Energy prepares for potential outages as snow moves inRobert Garrison is a Colorado native who grew up in Montrose and attended Colorado Mesa University in Grand Junction. He is an AP award-winning journalist who joined Denver7 in August 2016 after working for several other stations across Colorado and Oklahoma over the past decade.
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