Xcel Energy's proposed rate hike was reduced to $166 million, but Colorado customers say electric bills are already unaffordable.
Will Peterson
On October 1, Xcel Energy customers noticed a new increase on their bill.
DENVER — Colorado residents are pushing back on Xcel Energy's latest request for a rate increase, with some telling Denver7 their electric bills are already stretching household budgets to the breaking point — especially during a stretch of intense summer heat.
Xcel Energy proposed a $225 million rate increase that would have raised customers' monthly electric bills by about 6%. Last week, the Public Utilities Commission (PUC) reduced that request to closer to $185 million.
"A technical conference where Xcel will calculate the impact of the Commission’s decision will be held on Monday, August 17. The final written decision will be issued following the Aug. 17 technical conference," according to a spokesperson with PUC.
Xcel will then have the chance to appeal the Commission’s decision.
Kelsey Wilson, a Columbine Hills resident, said the bills are already too much to manage.
"I pay an average of $130 in the summer and over $300 in the winter," she explained to Denver7's Allie Jennerjahn over email. "I can only pay what I can pay. Which is usually around $175 each month. So in the winter when my bill is over $300, I'm short on my payment. By the time summer hits, I'm usually around $400+ over due to Xcel. So I continue to pay the $175 each month in the summer which helps catch me up a little bit each month until winter hits again."
Wilson also asked where the new money being asked for, would go.
Xcel broke it down in a statement to Denver7:
Denver resident Jaime Cowam told Denver7 back in June her bill has already climbed with the heat.
"My monthly bill, especially with as hot as it's beenm is about $100 bucks or more a month," Cowam said.
The prospect of another increase didn't sit well with her.
"I'm going to have to turn the air off and be extremely hot," Cowam said. "There's no need to be raising the bills, they have been raised enough," Cowam said.
Xcel Energy also stands by its rates being affordable, touting average electric bills are 39% lower than the national average. However, Colorado's median income is much higher than other states — $95,000, according to the U.S. Census Bureau, compared to nation's $80,000.
"We recognize affordability is a top concern for our customers. While we continue investing in safe, reliable, and increasingly clean energy, we carefully evaluate every investment to ensure it delivers value and meets the long-term needs of the communities we serve," a spokesperon for Xcel said in a statement to Denver7.
They did not answer our question of how many customers are overdue on their bills.
This story was reported on-air by a journalist and has been converted to this platform with the assistance of AI. Our editorial team verifies all reporting on all platforms for fairness and accuracy.
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