NEWS RELEASE
XCEL ENERGY
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Colorado customers will see lower natural gas bills — from Feb. 1 through March 31 — than previously expected as a result of a recent decrease in wholesale natural gas prices. The company this week submitted an interim fuel price adjustment to the Colorado Public Utilities Commission to reflect a drop in the commodity price of natural gas effective Feb. 1. Xcel Energy filed a similar downward adjustment in November, which impacted December bills.
The change means residential natural gas customers will pay an average of $17.79 less in February than they would under the company’s currently effective natural gas costs previously approved by the Commission, which took effect in January. Small business customers will pay an average of $83.14 less in February.
Customers pay the actual commodity cost of natural gas through their bills — Xcel Energy passes those costs along to customers without markup. Other than interim adjustments, commodity adjustments are submitted to the Commission every three months; the adjustment for the second quarter of 2023 will be filed mid-March.
A breakdown of the natural gas price changes comparing the current approved rates to the February 2023 proposed rates is below.
Even with the drop in natural gas prices, the cost of natural gas remains higher than it has been in recent years, so Xcel Energy encourages customers to take advantage of the range of energy efficiency programs and saving tips the company offers to help customers manage their energy use and keep their bills as low as possible. The company also encourages customer to reach out if they’re having trouble paying their bills, so they can be connected to programs or resources that may be able to help.
Help managing your energy bills
Xcel Energy encourages customers to explore ways to conserve energy and lower their bills by finding energy saving tips at xcelenergy.com/tips or learning more about energy efficiency programs and options at xcelenergy.com/programs_and_rebates.
Customers are also encouraged to contact Xcel Energy if they’re having trouble paying their bill. The company can provide customers with options such as payment plans, energy assistance programs or an Averaged Monthly Payment. Customers can learn more about Xcel Energy’s energy assistance programs at xcelenergy.com/EnergyAssistance or call 1-800-895-4999.
About Xcel Energy
Xcel Energy (NASDAQ: XEL) provides the energy that powers millions of homes and businesses across eight Western and Midwestern states. Headquartered in Minneapolis, the company is an industry leader in responsibly reducing carbon emissions and producing and delivering clean energy solutions from a variety of renewable sources at competitive prices. For more information, visit xcelenergy.com or follow us on Twitter and Facebook.
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