Xcel rate may lower bills
Xcel Energy applied for a rate change in commodity prices that will slightly raise electric bills and slightly decrease natural gas bills in the first quarter of 2011 compared with the fourth quarter of 2010.
For both commodities, Xcel projects customers’ bills will be lower next quarter than they were during the same three months in 2010.
Xcel asked to increase electricity rates for residential and small-business customers by 1 percent and lower natural gas rates by 4 percent from last quarter. If approved by the Colorado Public Utilities Commission, the new rates take effect Jan. 1.
An average residential homeowner who uses 632 kilowatts of electricity and 114.8 thermal units of gas will pay monthly averages of $63.04 for electricity and $84.86 for gas. In the first quarter of 2010, the bills were $64.24 and $88.09, respectively.
Small businesses that use, for example, 1,123 kilowatts of electricity and 510.7 thermal units of gas a month would have monthly bills average $103.56 for electricity and $367.86 for gas. For the same three months in 2010, those averages were $112.20 and $383.49, respectively.