Skip to comments.On heels of gas hike, Xcel Energy-Colorado seeks bump in electric rates
Posted on 12/02/2022 11:13:09 AM PST by george76
Xcel Energy-Colorado has filed a request for a new electric rate increase, which follows a recently approved natural gas rate hike and a $182.2 million jump in revenue for electric service that took effect in April.
The request submitted to regulators Wednesday proposed a $312.2 million revenue increase.
Critics of Xcel’s recent rate cases have accused the utility of “a pancaking” of increases. The PUC approved a $64.2 million rise in the utility’s natural gas rates in October. Regulators slashed the utility’s original proposal by $138 million.
If the increase is approved, the typical residential bill would rise by $7.33 a month, or 8.2%, and a typical small business bill would go up by $10.16, or 7.77%.
The current average residential monthly bill is $89.35 and the average bill for small businesses is $130.79.
The U.S. Energy Information Administration expects households using natural gas for heating to see costs jump by 22% this winter. Propane and electricity costs will also rise because of higher fuel costs and colder temperatures
Colorado Ping ( Let me know if you wish to be added or removed from the list.)
Brandon: If you like your cheap power for charging your mandated EV, you can keep it.
Eversource and United Illuminating are doing the same here in CT. We’re told to expect our monthly bill to rise on average by $84.
Good thing everybody is switching to EV’s.
ENJOY THE SUCK!
Swiss may spend the winter bored in the dark, cold food, and trapped at home.. shut-ins who like reading by candlelight under multiple blankets.
We live a little north of Denver. We were away from home for a week and our gas and electric bill was almost double from last month.
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