Xcel Energy Customers to See Drop in Electricity Costs

By  | 

Xcel Energy says Colorado customers should see a small dip in their electric bills this year.

Xcel asked the Colorado Public Utilities Commission Friday to end a charge that was introduced to address unexpected power-related costs.

That would drop yearly bills $15.72 for typical residential customers and $31.92 for typical small-business customers.

Xcel also expects to credit customers about $5.1million -- or about four dollars apiece -- for missing targets for how quickly outages were fixed last year.

Meanwhile Xcel plans to provide about $445,000 to Energy Outreach Colorado to help low-income customers pay their power bills.