Xcel customer bills could fall 6 percent thanks to lower fuel costs Updated at
Xcel Energy's residential customers could see a more than 6 percent drop in their electric bills beginning May 1 thanks to lower fuel costs. The utility company's proposal to lower its customer fuel factor is pending approval by the Public Utility Commission of Texas which could consider it at a meeting next week, Xcel announced Friday.
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#1 Apr 7, 2018
""Reeves said about one third or more of a typical residential bill is made up of fuel costs – the charges for coal and natural gas used to fuel the company’s generating plants.
“We don’t earn profits on these charges – they are passed through dollar for dollar,” he said. ""
"Passed through, dollar for dollar", Interesting, what happens when an individual homeowner or business installs their own system? Is the utility "discounting" the generated power pushed back into the grid, since there are NO fuels used in solar PV.
"“In late 2016 and early 2017, natural gas prices increased, causing us to raise the fuel cost factor twice. But in the past 12 months, natural gas has dropped off by close to 47 percent.”"
Proof from the Utility's point of view that fueled generation sources of power have overhead costs that are passed on to the ratepayers. What is NOT mentioned is what happens when ratepayers start reducing energy use and the utility then asks for a rate increase to cover "lost revenues". When an old coal fired plant or even an old nuclear plant is decommissioned, the "stranded costs" will come from the ratepayers with an increase in electricity rates, with NO product being produced by the decommissioned plants. Get off of the utility rate merry-go-round. www.dsireuse.org ; www.wholesalesolar.com ; www.bluepacificsolar.com see what YOU can do today to protect yourself from a poor utility business model tomorrow.
#2 Apr 7, 2018
#3 May 24, 2018
I read that same thing
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