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Your Xcel Energy Bill Could See an Increase Rate of 14% by 2018

Photo by Joe Raedle/Getty Images
Photo by Joe Raedle/Getty Images

No one wants their bill to increase and I mean no one. So what’s up with the proposed increase in rates with Xcel?

Xcel Energy is proposing a rate increase for price adjustments that will pay for the $758 Million upgrades. New power line and power plants have been in the process of upgrading since 2016.

If the proposal is accepted rates could see an increase next year. Residential customers will see the highest increase of 14% the average being 7% all around.

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