Xcel Energy will cut Colorado bills again in April as natural gas costs continue to fall
Mar 14, 2023
Xcel Energy is again cutting natural gas costs passed through to consumers starting with April bills, the third price decrease announced in two months, even as a special legislative committee pursues hearings on spikes that overwhelmed Colorado consumers beginning late in 2022.
The latest cut, proposed to the Public Utilities Commission for Xcel’s 1 million Colorado customers for the second quarter of 2023, will take $1.79 or 4% off the average household natural gas bill each month compared to the March bill. Because Xcel also uses natural gas to generate some of its electricity, consumers’ home electric bills will also drop an average of 56 cents over their March bill, or a drop of 2.7%.