Xcel Energy files quarterly electricity, natural gas prices Second quarter 2017 electricity bills flat; natural gas bills to decrease with lower use
Xcel Energy customers in Colorado will see relatively flat electricity bills in the second quarter of 2017, when compared to the current quarter. While natural gas prices will be higher in the second quarter of 2017 compared to record historic low prices a year ago, a large decrease in forecasted customer use next quarter will significantly lower bills from current levels.
Based on filings made today (3/15) with the Colorado Public Utilities Commission (CPUC), the proposed quarterly Electric Commodity Adjustment (ECA) will result in nearly a 1 percent decrease in electricity bills for the first to second quarter of 2017, for both residential and small-business customers. Electricity bills compared to the second quarter of 2016 also will be flat.
Natural gas bills for residential and small-business customers, as proposed with the quarterly Gas Cost Adjustment (GCA) filing today (3/15), would result in natural gas bills of 12-16 percent higher compared to the second quarter of 2016. Natural gas bills are compared on an annual basis to better reflect seasonal use. Natural gas bills, however, will drop by nearly 60 percent compared to the current quarter, as customers use less of the commodity with the approaching warmer weather.
With minor exceptions, costs associated with increases or decreases through the ECA and GCA are passed along to customers on a dollar-per-dollar basis. If approved by the CPUC, new rates would go into effect on April 1, 2017, to remain in effect for three months.
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