DENVER (June 15, 2026) – Xcel Energy—Colorado customer bills for the third quarter of 2026 are expected to be flat compared to the second quarter of the year, with customers seeing a slight drop in their electric bills, but a slight increase in natural gas bills. The company submitted its proposed quarterly fuel price adjustments to the Colorado Public Utilities Commission.
Weather, storage and regional prices have been drivers of natural gas prices in Colorado and nationally.
For electric customers under the proposed quarterly Electric Commodity Adjustment for the third quarter, residential customers are expected to see a slight decrease of $2.35 per month while small businesses would pay approximately $6.64 less on a typical monthly bill compared to the second quarter of 2026.
Under the quarterly Gas Cost Adjustment, residential natural gas customers will see a slight increase compared to the second quarter, paying an average of $1.28 more on their typical monthly bill. Small businesses will see an average monthly increase of $7.39, as compared to the second quarter of 2026.
With minor exceptions, costs associated with increases or decreases through these electric and natural gas adjustments are passed along to customers on a dollar-per-dollar basis. Xcel Energy does not profit from an increase in natural gas or electricity fuel prices. If approved by the CPUC, new rates would go into effect on July 1, 2025, and would remain in effect for three months.
A breakdown of the electricity price changes comparing second quarter of 2026 to the third quarter of 2026 is provided below:
|
ECA |
|
|
Q2 2026 Current |
|
Q3 2026 Proposed |
|
|
|
||
|
|
KWh |
|
Commod. |
|
|
Commod. |
|
|
Bill $ |
Bill % |
|
|
Use |
|
Price |
Bill |
|
Price |
Bill |
|
Change |
Change |
|
Residential |
601 |
|
$0.03390 |
$104.30 |
|
$0.03012 |
$101.96 |
|
-$2.35 |
-2.25% |
|
|
|
|
|
|
|
|
|
|
|
|
|
Small-Business |
1,041 |
|
$0.03642 |
$157.71 |
|
$0.03024 |
$151.07 |
|
-$6.64 |
-4.21% |
A breakdown of the natural gas price changes comparing second quarter 2026 to the upcoming third quarter of 2026 is provided below:
|
GCA |
|
|
Q2 2026 Current |
|
Q3 2026 Proposed |
|
|
|
||
|
|
Avg. Therm |
|
GCA |
|
|
GCA |
|
|
Bill $ |
Bill % |
|
|
Usage |
|
Therm Rate |
Bill |
|
Therm Rate |
Bill |
|
Change |
Change |
|
|
|
|
|
|
|
|
|
|
|
|
|
Residential |
15.2 |
|
$0.2973 |
$24.45 |
|
$0.3811 |
$25.73 |
|
$1.28 |
5.24% |
|
|
|
|
|
|
|
|
|
|
|
|
|
Small-Bus. |
88.1 |
|
$0.2923 |
$108.10 |
|
$0.3761 |
$115.49 |
|
$7.39 |
6.84% |
Customer Information
Customers should reach out if they’re having difficulty paying their bills so Xcel Energy can help connect them to payment assistance programs or help them enroll in an Averaged Monthly Payment program to make their monthly energy bills more predictable. To learn more about energy assistance options, customers can visit xcelenergy.com/EnergyAssistance or call 1-800-895-4999.
Xcel Energy is taking many steps to lower bills and provide more resources to help customers in Colorado. Customers can visit xcelenergy.com/Colorado for ways to save energy and money, explore energy-efficiency incentives and rebates, have more stable bills, and learn about payment assistance.
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About Xcel Energy
Xcel Energy (NASDAQ: XEL) is a leading energy provider, dedicated to serving millions of customers with excellence. We make energy work better for customers, helping them thrive every day. That means always raising the bar — delivering better service and providing more reliable, resilient and sustainable energy.
We are committed to leading the clean energy transition, meeting our customers’ need for more, cleaners power, while keeping bills as low as possible, because the people we serve depend on us to power their lives.
Headquartered in Minneapolis, we work every day to generate and distribute electricity and gas to customers across eight states: Minnesota, Colorado, Wisconsin, Michigan, North Dakota, South Dakota, New Mexico and Texas. For more information, visit xcelenergy.com or follow us on X and Facebook.