Over the past three years, we’ve made significant investments to upgrade and modernize the electric system so we can continue providing our customers with safe, dependable and cost-effective energy service. On Nov. 21, 2025, we made a proposal to the Colorado Public Utilities Commission to adjust electric rates to fund these critical investments. If the Commission approves the rates as filed, an average residential customer can expect their monthly electric bill to increase about 9.93%, or $9.94, starting in August 2026. The average small business customer will see an increase of 9.48%, or about $14.22 per month.
Read our information sheet (PDF)
Hoja informativa (PDF)
Letter from Robert Kenney, Xcel Energy-Colorado president (PDF)
Read our customer notice (PDF)
Aviso al cliente (PDF)
We recognize rising energy bills can be a challenge, especially as the cost of living continues to increase. We work hard to keep costs low for our customers, leading to average electric bills that are currently 37% lower than the national average and 27% lower than the state average.
To help offset the impact of these proposed changes and provide additional support for customers in need, we’re proposing a $5 million contribution — financed by Xcel Energy, not our customers — to our Electric Affordability Program. We’re also making program changes to provide a stronger safety net for customers facing financial hardship — like increased bill assistance and expanded protection from disconnection for non-payment.
If you're struggling to pay your bills, call us at 800-895-4999 or visit our Energy Assistance page (external link) to set up payment arrangements or learn about payment assistance options.
The Commission encourages public participation (external link) in the regulatory process. If you wish to file a comment on this proceeding, you can:
When contacting the Commission, reference Proceeding No. 25AL-0494E.
Filing materials for this proposal will be available here and on the Commission website (external link). Search for Proceeding No. 25AL-0494E.
Direct Testimony & Exhibits:
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