DENVER – Small businesses that get their electricity from Xcel Energy should see their bills in the third quarter dip by roughly 23 percent versus the same period last year.
Xcel this week filed its quarterly electric commodity and gas-cost adjustments with the Colorado Public Utilities Commission, with increases or decreases in commodity prices generally passed along to customers. Pending PUC approval, the new rates would go into effect July 1 and remain for three months.
While third-quarter electricity bills for the typical small business using 1,123 kilowatt-hours per month should rise by a few cents versus the current quarter, the new rates would drop those bills from $141.16 in the third quarter of last year to $108.80 this year.
Residential electric customers, meanwhile, won’t see as drastic of a decrease versus the third quarter of last year but should still see bills drop by about 8 percent assuming similar usage.
On the gas side, bills are expected to increase for small business customers by about 2 percent over the third quarter of last year, bringing the typical bill for a business using 88.7 therms of gas to $82.25.
For residents, gas bills should increase by about 4 percent versus last year, meaning a typical home using 18.2 therms would see a bill of $22.02.