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Xcel Energy customers see decrease in natural gas fuel, electric costs

PUEBLO, Colo. (KRDO) -- Xcel Energy customers will soon see a decrease in their electric bills in the first quarter of 2022. That's according to new information submitted to the Colorado Public Utilities Commission (CPUC.)

In an average household, that translates to about 42 cents per month and 66 cents for commercial customers. Natural gas will go down as well, with an average decrease of 4.16 percent or $4.26 for homes and 4.5 percent or $18.73 for businesses.

In a statement, Xcel Energy told KRDO:

Wholesale natural gas prices are high when compared to this time last year, but they are slightly lower heading into the first quarter of 2022 compared to fourth quarter 2021.

For Colorado Springs Utilities customers, however, their bills are going in the opposite direction.

This past fall, CSU was approved for a pair of temporary significant rate hikes. One raised the average household bill by about 11 percent and a whopping 22 percent for commercial customers.

CSU tells KRDO the reason behind the increase in natural gas prices was two-fold; rising prices in the natural gas markets, and higher anticipated consumer consumption as the winter months approach.

As for XCEL - customers can see expect to see those new rates on January 1, 2022, pending final approval from the CPUC.

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Cindy Centofanti

Cindy is a reporter for KRDO. Learn more about her here.

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4 Comments

  1. Imagine a compet(i)tive market where the consumers had several options instead of a government owned, monopolized corporation forcing the market to be the sole option.
    Imagine if these acts were actually followed.
    “In the United States, the 2 major ant(i)trust laws are the Sherman Ant(i)trust Act, p@ssed in 1890, and the Clayton Ant(i)trust Act, p@ssed in 1914. The Sherman Ant(i)trust Act is the broadest of the ant(i)trust laws, prohibiting practices whose main objective is to create or maintain a monopoly.”
    https://thismatter.com/economics/monopoly-regulation.htm

    1. Unfortunately, when it comes to utilities – gas and electricity in particular – you will be hard pressed to find a place where there is more than one choice for utilities. In order to have the choice from two or more vendors, you would have to have more than one pipeline (or power line) to hook your house into. It’s bad enough when utilities have to come tear up the street for ONE line; can you imagine the chaos of having one utility going in for repairs, than another one coming through shortly thereafter to repair their lines? You think that the streets around here are bad now, they would be much worse for wear with multiple companies vying for your business.

  2. This 1889 political cartoon by Joseph Keppler depicting corporate interests—from steel, copper, oil, iron, sugar, tin, and coal to paper bags, envelopes, and salt—as giant money bags looming over the tiny senators at their desks in the Chamber of the United States Senate.
    The items have changed, but the plight is still the same as in 1889.
    https://en.wikipedia.org/wiki/United_States_ant(i)trust_law#/media/File:The_Bosses_of_the_Senate_by_Joseph_Keppler.jpg
    remove parentheses around “i” in hyperlink for it to work.

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