Monthly utility bills from XCEL will get smaller over the next three months.
XCELl recently stated that it expects monthly utility bills that include both electricity and natural gas to drop about $9.58, or about 9 percent.
The wholesale price of natural gas, which XCEL sells to customers for their furnaces and burns to create electricity, has dropped from more than $4 per thousand cubic feet in 2014 to less than $3 currently.
The average natural gas bill for residential customers is expected to be about $28.73 during the second quarter of 2015, down about $6.33 from the second quarter of 2014.
On the electricity side, the drop is smaller. Average residential electric bills will drop about 30 cents, to $70.47, compared to the first three months of 2015.
About 22 percent of the electricity produced by XCEL in Colorado is produced by burning natural gas. If approved by the Colorado Public Utilities Commission, these new prices would go into effect April 1.
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