Gas bills would increase 14 percent for residential customers and 17 percent for small-business customers during the first quarter of 2014 if adjustments are approved by the Colorado Public Utilities Commission.
Gas prices would increase average residential bills to $81.58 during the first quarter of 2014 from $71.80 during the fourth quarter of 2013. Average small-business bills would increase to $338.43 from $290.45 over the same period.
“All of those cost adjustments are strictly based on the cost of natural gas,´ said an Xcel spokesman, noting that gas prices have risen nationwide.
The electric rate adjustments would lead to average bill decreases of about 1 percent for customers.
The average Xcel residential customer would pay $69.42 during the first quarter of 2014 for electricity vs. $69.93 during the fourth quarter of 2013. Electricity costs for the average Xcel small-business customer would decline to $112.80 from $113.71, according to Xcel.
Xcel Energy serves Greeley and other parts of Northern Colorado.