Residential electric customers are expected to see a $3.16 increase per month, and small businesses that are electric customers should pay $4.95 more on a typical monthly bill. via ColetteBordelon
Xcel Energy said the increase is because of the rising price of natural gas. The Colorado Public Utilities Commission approved the new rates, which went into effect October 1. “The increase in natural gas and electric bills is driven by higher natural gas commodity costs, which are affected by many factors on the international market.
“Because I'm retired, I can do that. But not every older person has the luxury of retirement either," Nofles said.
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