Coal plant delay means lower rate hike
The Colorado Public Utilities Commission said that it approved a roughly $70 million rate increase, down from the previously granted $128.3 million.
Typical homeowners will see their monthly electric bills rise by $2.55 rather than the $4.43 under the higher rate. Small commercial customers' monthly bills will increase $3.66, compared with $6.72.
Xcel Energy's new unit at the Comanche power plant near Pueblo likely won't start up until at least February because of a leaky boiler. The Minneapolis-based utility can ask that the entire rate increase be restored once the plant starts operations.
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LONDON - The European Union’s renewable energy sources are helping reduce its dependence on natural gas that’s still costing the region dearly.
Renewables growth has helped reduce the EU’s dependence on gas, which has soared in price since the middle of last year as the region grapples with a supply crisis that’s dealt blows to industries as well as ordinary consumers’ pockets. More than half of new renewable generation since 2019 has replaced gas power, according to a study by London-based climate think tank Ember, with the rest replacing mainly nuclear and coal sources.
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