Xcel seeks increase in renewable-energy fee
The utility is seeking to raise the "Renewable Energy Standard Adjustment," a fee added to electric bills, to 2 percent of what consumers would pay for conventional energy, the maximum allowed under Colorado law. The current standard adjustment is 1.46 percent.
If approved, the increase would take effect January 1 and increase typical residential bills by 33 cents a month. Typical small-business bills would increase by 52 cents a month.
Colorado voters passed a measure in 2004 that required some utilities to generate 10 percent of their power through renewable sources such as wind and solar. The state Legislature later raised the requirement to 20 percent by 2020.
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Germany's Energy Crisis Deepens as Local Utilities Cry for Help
BERLIN - Germany’s fears that soaring power and gas prices could trigger a deeper crisis is starting to get real.
Several hundred local utilities are coming under strain and need support, according to the head of Germany’s largest energy lobby group. The companies, generally owned by municipalities, supply households and small businesses directly and are a key part of the country’s power and gas network.
“The next step from the government and federal states must be to secure liquidity for these municipal companies,” Kerstin Andreae, chairwoman of the German Association of Energy and Water Industries, told Bloomberg in Berlin. “Prices are rising,…
