Wholesale natural gas prices continue to decline, which means Xcel Energy-Colorado customers will see lower bills in March.
The utility has submitted a price fuel adjustment to state regulators to reflect the lower prices. Xcel said the average residential monthly bill will drop 11.50%, or $11.60 from February.The lower-than-expected bills will provide some relief for Coloradans whosebecause of high wholesale natural gas prices and cold weather. The war in Ukraine also helped drive up fuel costs heading into winter.
and the nonprofit Energy Outreach Colorado have been swamped with applications for help to cover heat bills.sent a letter directing state agencies to come up with immediate and longer-term solutions to help blunt the impact of gas price swings on utility customers.
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