Xcel Energy rate hike approved, raising Colorado bills about $5 monthly
Colorado Public Utilities Commission approval lets Xcel Energy raise rates after months of negotiations. Residential customers will pay about $5 more per month on average (up 4.77%), while commercial bills rise about $7.29 (up 4.64%). The original request would have lifted residential bills nearly 10%. The approved 2025 rate case funds grid reliability and resilience and supports the shift to cleaner energy.