Get New Cash Trade Incentives In 2011! - Xcel Energy

Xcel Energy officials argued it needs the increase to pay for previous investments and to cover the cost of retiring a handful of coal-fired power plants.

Xcel Energy Inc. is a U.S. regulated electric utility and natural gas delivery company based in Minneapolis, Minnesota, serving more than 3.7 million electric customers and 2.1 million natural gas customers across parts of eight states (Colorado, Minnesota, Wisconsin, Michigan, North Dakota, South Dakota, Texas and New ...

And when it comes to electricity bills, especially from the state's largest provider Xcel Energy, the trend has gone in only one direction — up. Since 2019 the average monthly residential bill, for 600 kilowatt-hours of electricity, has risen 38% to $92.12, based on company figures.

Electric rates in Colorado The average residential electricity rate in Colorado is 15 ¢/kWh, which is 17% lower than the national average rate of 18 ¢/kWh.

However, in 1998, after the failed Primergy merger, NSP merged with New Century Energies of Denver, owner of Public Service Company of Colorado and Southwestern Public Service, to form Xcel Energy.

The increase stacks atop a $182 million rate increase that took effect in April 2022, which added $5.24 a month to the average Xcel Energy residential electricity bill.

Xcel Energy customers will see their electric bills rise starting Sept. 1. The average residential bill will increase about $4 a month. PUBLISHED: August 19, 2023 at 6:00 a.m. | UPDATED: August 20, 2023 at 8:59 a.m.

Electricity is often cheaper late at night or early in the morning, so you can save on your electric bill if you run your heaviest loads during those times. These are typical off-peak hours when not as many people are using electricity.