As the winter season approaches, Xcel Energy has announced that customers can expect significantly lower natural gas bills compared to last year. The utility company attributes this decrease to the lower cost of wholesale natural gas and various energy-saving measures. With normal weather conditions anticipated from October through December, the average residential customer’s natural gas bill is projected to be about 35% lower than the same period in 2022.

Significant Savings for Residential Customers

Xcel Energy has projected that the average residential customer’s natural gas bill for the fourth quarter will be approximately $85.62 per month. This is a substantial decrease from the $130.90 per month that customers paid during the same period last year. The reduction in bills is primarily due to the lower cost of wholesale natural gas, which has dropped by more than 50% compared to last year. This decrease in costs is expected to provide much-needed relief to households as they prepare for the colder months ahead.

In addition to the lower wholesale costs, Xcel Energy has implemented various energy efficiency programs to help customers manage their energy use. These programs offer tips and tools to reduce energy consumption, further lowering monthly bills. Customers are encouraged to take advantage of these programs to maximize their savings.

Despite the anticipated lower bills, Xcel Energy advises customers to remain vigilant about their energy use. Simple actions such as sealing windows and doors, using programmable thermostats, and maintaining heating systems can contribute to additional savings.

Benefits for Small Businesses

Small business customers are also set to benefit from the lower natural gas prices. The average small business customer’s natural gas bill for the fourth quarter is expected to be around $356.50 per month, compared to $564.57 for the same period last year. This represents a decrease of approximately 37%, providing significant financial relief for small businesses during the winter months.

Xcel Energy’s efforts to secure the best prices for its customers include buying and storing energy when it is less expensive. This strategy helps protect customers from price fluctuations and ensures that they receive the lowest possible rates. Small businesses can also take advantage of energy efficiency programs and rebates offered by Xcel Energy to further reduce their energy costs.

The company encourages small business owners to reach out if they need assistance with their energy bills. Xcel Energy offers various payment plans and energy assistance programs to help businesses manage their expenses during the winter season.

Encouragement for Energy Efficiency

While the lower natural gas bills are a welcome relief, Xcel Energy continues to emphasize the importance of energy efficiency. The company offers a range of programs and resources to help customers reduce their energy consumption and save money. Customers can find energy-saving tips and information about energy efficiency programs on the Xcel Energy website.

Xcel Energy also provides options for customers who may have difficulty paying their bills. These options include payment plans, energy assistance programs, and the Averaged Monthly Payment plan, which helps customers manage their expenses by spreading payments evenly throughout the year.

The company remains committed to helping customers save energy and money while ensuring reliable service. By taking advantage of the available resources and programs, customers can enjoy lower bills and contribute to a more sustainable future.