Click to see how your usage compares to other customers' average use during the summer months. Revenue is the top line item on an income statement from which all costs and expenses are subtracted to arrive at net income. History & Growth. Coronavirus Disease 2019 (COVID-19) in Colorado: State & National Resources. State regulators have approved a $41.5 million annual electric rate increase for Xcel Energy-Colorado, which is considerably lower than the $158 million the utility originally sought. As examples of the proposed rate structure, Xcel Energy noted commercial fleet vehicle operations with a monthly peak of 1,000 kilowatt-hours and use of 108,000 kilowatt-hours per month could lower their average monthly per kilowatt-hour charge by 35 percent, to 14 cents per kilowatt-hour from 22 cents. 1560 Broadway, Suite 250, Denver, CO 80202, Phone: 303-894-2000 | Permits and Insurance: 800-888-0170, Consumer Assistance: 303-894-2070 or 800-456-0858. Please check your download folder. We continue to be a leader in the energy industry: safely delivering reliable, affordable, and clean energy to our commercial, industrial and residential customers. (The Center Square) – The commission overseeing public utilities in Colorado will hear a request by Xcel Energy that would raise $17.2 million next year to improve wildfire mitigation through a $.49 per month rate increase for residential energy bills. Those who use less, pay less. Learn more. View daily, weekly or monthly format back to when Xcel Energy Inc. stock was issued. Xcel Energy owns and operates three wind farms. For those customers with access, Xcel is a good choice but is not available to the majority of South Dakota residents. Xcel Energy is the result of amalgamation of 3 companies- Northern States Power Company based in Minneapolis, Public Service Company of Colorado based in Denver and Southwestern Public Services based in Amarillo. Find the latest dividend history for Xcel Energy Inc. Common Stock (XEL) at Nasdaq.com. For information about bigger steps, such as a household energy audit, high efficiency appliance rebates or weatherization incentives, see the websites of the Colorado Energy Office and Xcel Energy. Xcel Energy has a presence in northern Texas and offers net metering to customers in that area. The Commission first determined the reasonable revenue level for Xcel Energy and then calculated appropriate rates to collect exactly that revenue amount. Colorado’s Public Utility Commission (PUC), in a recent 90-page decision, largely approved a $110 million transportation electrification plan (TEP) for Xcel Energy, which when built out is expected to help support 940,000 electric vehicles (EVs) in Colorado by 2030. The program can reduce your rate based on your income. Xcel Energy currently has 13 coal plants with a capacity of 7,697 MW. The first tier allows all customers to get their fair share of the older, lower-cost plants. Xcel Energy's response to COVID-19 Learn More Next. See How Tiered Rates Affect Your Energy Bill. The Colorado Public Utilities Commission recently approved Xcel Energy’s $110 million Transportation Electrification Plan. Find the latest Xcel Energy Inc. (XEL) stock quote, history, news and other vital information to help you with your stock trading and investing. Xcel Energy-Colorado, the state's largest electric utility, is seeking a rate a rate increase that would net an additional $158 million a year for upgrades to the grid. In short, our growth is causing electric rates to increase for everybody. Please check your download folder. Turn off computer printers and monitors when they are not needed. Xcel does not collect any additional revenue from tiered rates. Sign ... Access the Electric Rate Book, Gas Rate Book, and Steam Rate Book for the state of Colorado. If you are using any other type of assistance, you will need to apply for the rate. These are tough days for utilities in terms of pushing for rate hikes, even for beneficial programs. If you use our datasets on your site or blog, we ask that you provide attribution via a "dofollow" link back to this page. Under tiered rates, only the rates for use above 500 kWh in the summer are higher than they would have been. The rate for the first 500 kwh of electricity is actually lower under tiered rates than what the summer rate would have been if we had not implemented tiered rates. Similarly, the new winter rate is also lower than it would have been. What about people who have medical conditions? Xcel, which has 1.5 million electric customers in the state, is asking customers to pay for the work with a monthly fee on their bills. Revenue can be defined as the amount of money a company receives from its customers in exchange for the sales of goods or services. Xcel wins $41.5 million rate increase, but Colorado regulators balk at charging for repairs to troubled coal plant. Xcel Energy Electricity Rates Compared with the National Average 1. 1 Based on data from the Energy Information Administration (EIA) What affects rates? Utilities in a number of other states have tiered rates. Why did the PUC approve tiered rates for Xcel Energy? It works this way: the higher second tier rates are balanced out by lower first tier rates and lower non-summer rates. Earlier this year Xcel energy filed an application with the Colorado Public Utilities Commission for a $137.7 million electric rate increase that would raise average residential bills by about $5 a month. If you qualify for LEAP, you are automatically approved. Does Xcel Energy earn more money from tiered rates? The second tier is priced higher, reflecting the higher cost of the new plants built to meet the growing peak demand. Central air conditioners, electric clothes dryers, electric stoves, electric water heaters and large-screen televisions are some of the more common appliances that tend to use a lot of electricity. Your monthly usage, in kilowatt hours, is shown on your monthly utility bill. Xcel’s last rate hike was filed in 2015 and approved by the PUC in 2017; it raised residential rates by 10.6% over a four-year period. Customer Support. Despite excess earnings for the company’s Colorado subsidiary, known as the Public Service Company of Colorado (PSCo), a May 1 statement from Xcel says the utility plans to file for future electric rate increases in the state in 2015 and beyond. For residential customers of Xcel Energy, the average household consumes about 659 kWh per month during the summer months of June through September. Xcel Energy's presence in South Dakota is small (serving less than 85,000 customers), but includes cities such as Sioux Falls. Yes. We have provided a few examples below that you can copy and paste to your site: Your image export is now complete. Contact Xcel Energy at 1-800-895-4999 for more information about this program. The PUC approved tiered rates because they more accurately reflect the cost of producing electricity. No. Yesterday, Xcel Energy announced it is committing to go 100 percent "carbon free" by the year 2050 across the eight Western and Midwestern states where they operate. Xcel say the rate hike is to cover some of the cost of closing some coal fired power plants and converting others to natural gas. Tiered rates for residential customers apply in the summer months of June, July, August and September. That’s when Xcel must finish an engineering study of the system ordered under the same settlement agreement over the rate hike. If you have air conditioning, consider moving the thermostat up a couple degrees. There is a wealth of information on these sites and help available to those looking to make improvements in their household energy efficiency. How does my electric usage compare to others? Access our resources. Depending on how much electricity you use in the summer months, your bill could increase or decrease under tiered rates. For a detailed definition, formula and example for. Xcel Energy offers the electric and gas affordability program in Colorado. (The Center Square) - The commission overseeing public utilities in Colorado will hear a request by Xcel Energy that would raise $17.2 million next year to recoup wildfire damages and improve mitigation through a $.49 per month rate increase for residential energy bills. Additionally, the customer’s household income cannot exceed 250% of the federal poverty guidelines. The breakeven point for tiered rates is 821 kWh for average monthly use in the summer months. By simply reviewing your own habits and finding one or two ways to be a bit more careful about your electric use will pay dividends in lower consumption and lower bills. So, those who use more, and push up the summer peak, pay more. John Hickenlooper’s July executive order calling for climate change policy as reason to bypass the Colorado state legislature and seek regulatory approval of a “Colorado Energy Plan,” which would retire early almost 700 megawatts of coal-fired generating units to be replaced with a new natural gas […] Xcel Energy will need to make a concerted public relations push if it wants to get the nearly $600 million it wants for wildfire mitigation efforts. Qualified customers must provide Xcel with a certificate from their doctor stating that they qualify for the flat rate. Xcel Energy … In January 2014, the Public Utilities Commission adopted rules that allow low income customers with certain medical conditions or who use medical life-support equipment to pay a summer flat rate for each kilowatt hour rather than the tiered rates. Demonstrating the need for wildfire mitigation will be a hard sell, even if wildfires ravaged Colorado in 2020. Seven of those plants are operated in Colorado. Changing out old incandescent light bulbs for compact fluorescents, turning out lights and turning off televisions when not in use are a good start. Electric Commodity Adjustment. What are tiered rates? How will tiered rates affect my monthly bill? Tiered rates for residential customers apply in the summer months of June, July, August and September. XEL's dividend yield, history, payout ratio, proprietary DARS™ rating & much more! Xcel Colorado has also asked the PUC to make some add-on charges, which customers are already paying, a permanent part of its base rate. Xcel Energy Inc. is predominantly an operating public utility engaged in the generation, transmission and distribution of electricity and the transportation, storage and distribution of natural gas. What can I do to lower my electric usage and my bill? We have provided a few examples below that you can copy and paste to your site: Your data export is now complete. If you use our chart images on your site or blog, we ask that you provide attribution via a "dofollow" link back to this page.