Xcel Energy seeks to lower customer bills this summer

AMARILLO—(April 6, 2018) – Lower prices for the natural gas Xcel Energy uses to produce electricity at area generating plants are leading the company to reduce the monthly fuel charges Texas customers pay, a move that will result in lower bills by more than 6%, going into the summer months.

If the adjustment to Xcel Energy’s fuel factors is approved by the Public Utility Commission of Texas, a typical residential customer using 1,000 kilowatt-hours per month will see an average monthly decrease of $6.95 – or 6.3%, starting May 1.

Fuel costs on New Mexico customer bills are adjusted monthly, so New Mexico customers are already seeing these savings on their bills.

 

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