Natural Gas Wholesale Commodity Prices Increase; Xcel Explains How Customers Can Save Energy and Money

The price of natural gas affects both natural gas service and electric service because natural gas is also used to generate electricity. The cost of natural gas is paid directly by customers without any markup from Xcel Energy.

Wholesale natural gas prices continue to increase, hitting a fifteen year high. The wholesale price of natural gas was also higher than anticipated in the third quarter, leading to an under-collection from electric customers.

Xcel Energy encourages customers to take advantage of the range of energy efficiency programs and saving tips the company offers to help customers manage their energy use and keep their bills as low as possible. The company also encourages customer to reach out if they’re having trouble paying their bills so they can be connected to programs or resources that may be able to help.

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