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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