Electric bills expected to fall
Most residents will likely pay 13% less for power in early 2009
Typical Colorado residents likely will pay about 13 percent less for electricity during the first quarter of 2009.
Xcel Energy filed its quarterly rate proposal Friday with the Colorado Public Utilities Commission, and it requested lowering electricity rates approximately 13 percent for residential and small-business customers. The decrease would take effect Jan. 1.
Xcel said fuel costs, one component of the overall electricity bill, next quarter will decrease by 38.7 percent compared to the fourth quarter this year.
Typical residential customers, using 625 kilowatt-hours a month, would pay $8.10 less than they did during the current quarter, or $53.08 per month, Xcel said.
Typical small-business customers, using 1,025 kilowatt-hours a month, would see current bills decrease 13.6 percent, or $13.29 a month, to $84.70.
Xcel customers looking for other ways to save on their electric and natural gas bills are encouraged to explore ways to conserve energy by visiting http://www.xcelenergy.com/energysavings or calling 800-895-4999 for a free copy of “60 Simple Ways to Save Money on Your Energy Bill.”
Customers also are encouraged to contact Xcel for information on Averaged Monthly Payment.