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Xcel Wins Approval for Electric and Gas Rate Hikes
Electricity and gas rates are increasing for Xcel Energy’s Colorado customers but not as much as the company wanted.
After regulators at the Colorado Public Utilities Commission considered both requests, they made final decisions recently.
Electricity rates are increasing 4.77% per month for residents or an average of $5. The request from the utility was cut 56% by the regulators.
The PUC also adopted protections to keep monthly bills to a percentage of a customer’s income.
Natural gas rates will increase by 8.6% or an average of $5.16 a month, compared to the original proposal of an 11.4% increase.
The PUC also approved a $5 million shareholder-funded contribution to Xcel’s Gas Affordability Program, which will come from Xcel Energy’s corporate profits—not from customer rates. These funds will provide a stronger safety net for income-qualified customers.
These are among the resources to help those trying to save on utility bills:
Make your Voice Heard on Data Center Guardrails
After the Colorado legislature failed to enact safeguards on giant data centers, Climate CitiSuns turned their attention to the PUC where Xcel Energy has proposed a Large Load Tariff (Docket No. 26AL-0137E) for huge energy users.
The utility is proposing specific rules for energy users of 50MW or more, such as hyperscale data centers. Climate advocates believe improvements are needed to protect ratepayers from paying for the energy and water- hungry data centers.
About 60 climate advocates spoke at an August hearing, arguing that promised greenhouse gas reductions should not be derailed by data centers, and that consumers must be protected from financial and environmental damage.
October 20 is another opportunity to make your voice heard by signing up at a second public hearing from 4-6 p.m. Register Here
Our partners have put together a public comment toolkit for you to use that highlights background information, talking points, tips, and guidance on submitting comments.
The Colorado Renewable Energy Society recently completed an updated policy statement on data centers which is available here: Policy Statement on Hyperscale Data Centers.
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