Xcel Energy Rate Hike Approved | Denver News

Xcel Energy’s latest rate hike—$5 for homeowners, $7 for businesses—may seem small, but it’s the eighth increase since last September, sparking backlash from consumer advocates who warn it’s a crushing blow for budget-strapped Coloradans with no real alternatives. While Xcel defends the move as essential infrastructure upgrades and notes Colorado still has some of the nation’s lowest electricity rates, regulators have greenlit the increase to take effect at year’s end, leaving many wondering if the cost of progress is too steep for everyday families. Listen in comfort:Get a discount on a Soli Pillow: http://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/5313f18a4709c294