Colorado Xcel Energy expects drop in gas rates, rise in electric bills
Xcel Energy-Colorado expects its rates to stay relatively flat in the second quarter of 2024, with a slight rise in electric rates and a small drop in natural gas bills.
The utility said in a statement that based on natural gas costs, the typical residential customer could see a 4.17% decline, or $1.73, in the monthly bill. Rates for small commercial customers are expected to drop 4.82%, or $9.19, a month.
Xcel said residential electric bills will likely increase on average 1.67%, or $1.49, a month and bills for small…