Xcel proposes 13 percent drop in utility bills
Xcel said it filed for the $89.4 million rate reduction on December 12, mostly because of lower natural gas costs. Colorado's largest utility also uses coal to produce electricity.
Xcel said the cut would mean a savings of $8.10 a month on the average bill of $53.08.
The unit price of natural gas used to calculate heating bills is also down about 3 percent this December compared to last December.
If the state Public Utilities Commission approves the electric proposal, the cut would take effect January 1. It would apply to bills through March 2009.
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BERLIN - European gas prices have dipped to a level last seen before Russia launched its invasion of Ukraine in February, after warmer weather across the continent eased concerns over shortages.
The month-ahead European gas future contract dropped as low as €76.78 per megawatt hour on Wednesday, the lowest level in 10 months, before closing higher at €83.70, according to Refinitiv, a data company.
The invasion roiled global energy markets and forced European countries, including industrial powerhouse Germany, to look for alternative suppliers to those funding the Kremlin. Europe had continued to rely on Russian gas even after its 2014 annexation of…
