Friday, September 22, 2023
Market-Reporter
  • Home
  • Markets
    • U.S. Markets
    • Canada
    • Europe & Middle East
    • Emerging Markets
    • Asia
    • Latin America
  • Investing
    • Stocks
    • IPOs
    • Mutual Funds
    • ETFs
    • Bonds
    • Commodities
    • Currencies
    • Cryptocurrencies
  • Economy & Politics
    • Personal Finance
    • Spending & Saving
    • Retirement
    • Real Estate
No Result
View All Result
  • Home
  • Markets
    • U.S. Markets
    • Canada
    • Europe & Middle East
    • Emerging Markets
    • Asia
    • Latin America
  • Investing
    • Stocks
    • IPOs
    • Mutual Funds
    • ETFs
    • Bonds
    • Commodities
    • Currencies
    • Cryptocurrencies
  • Economy & Politics
    • Personal Finance
    • Spending & Saving
    • Retirement
    • Real Estate
No Result
View All Result
Market-Reporter
No Result
View All Result
Home Commodities

Because of rising commodity prices, Xcel Energy customers could see bills increase – Greeley Tribune

MtR by MtR
June 20, 2021
in Commodities
0
Because of rising commodity prices, Xcel Energy customers could see bills increase – Greeley Tribune


Xcel Energy Colorado has asked the Colorado Public Utilities Commission to pass through some significant increases in natural gas costs, as well as higher electricity costs, to its customers in the third quarter.

Every quarter, in a perfunctory request, Xcel Energy asks the PUC to pass through its cost of purchasing natural gas and electricity. And as is the case with so many items this year, those commodities are marching higher.

“This change is due to increases in natural gas commodity prices as well as increases in contracted purchased electricity costs. Xcel Energy does not profit from an increase in natural gas or electricity fuel prices,” the company said in a news release.

Natural gas costs on the average residential bill are expected to rise from $23.68 a month in the second quarter to $25.01 a month in the third quarter, an increase of $1.33 or 5.6%. Compared to the third quarter of 2020, residential customers can expect to pay $4.73 or 23.3% more a month.

Part of that reflects an unwinding of the drop that natural gas prices suffered during the early months of the pandemic when demand was depressed. But it also reflects a reduction in drilling activity and less domestic production.

On the electric side, residential customers can expect average costs of $76.72 in the third quarter, an increase of $2.17 a month or 2.9% compared to the second quarter. Compared to the third quarter of 2020, residential users are facing a 7.7% increase in their electricity costs on average.

The fuel price adjustments will take effect July 1 and last for three months if approved by the PUC, which is almost always the case.

Consumer inflation in metro Denver was running at a 3.2% annual clip in May, according to the U.S. Bureau of Labor Statistics. Higher transportation costs drove much of that gain, with gasoline prices up 68.8%, used car prices up 28.6% and auto insurance costs up 27.3%.

Household energy costs were up a more modest 3.1%, but that rate of increase is likely to tick up in the coming months as utilities pass through higher commodity costs.



Source link

Related articles

VPP legislator demands action against price rise of essential commodities

VPP legislator demands action against price rise of essential commodities

September 22, 2023
Multi Commodity Exchange Of India Faces Bearish Trading Day

Multi Commodity Exchange Of India Faces Bearish Trading Day

September 22, 2023

Related Posts

VPP legislator demands action against price rise of essential commodities

VPP legislator demands action against price rise of essential commodities

by MtR
September 22, 2023
0

SHILLONG: Opposition Voice of the People Party (VPP) legislator from Nongkrem Ardent Miller Basaiawmoit, on September 22, called for action...

Multi Commodity Exchange Of India Faces Bearish Trading Day

Multi Commodity Exchange Of India Faces Bearish Trading Day

by MtR
September 22, 2023
0

22 Sep 2023, 08:35:22 AM ISTMulti Commodity Exchange Of Ind share price Live :Multi Commodity Exchange Of Ind closed at...

Russia mulls extra tax for some commodities exports, including metals – sources

Russia mulls extra tax for some commodities exports, including metals – sources

by MtR
September 22, 2023
0

Russia is considering imposing an additional tax tied to the rouble-dollar rate on exports of metals, fertilisers and some other...

Oil is going to trade above $100 a barrel, says veteran commodity trader Mark Fisher

Oil is going to trade above $100 a barrel, says veteran commodity trader Mark Fisher

by MtR
September 21, 2023
0

Last Updated: Sept. 21, 2023 at 2:23 p.m. ET First Published: Sept. 21, 2023 at 2:08 p.m. ET Crude-oil prices...

Multi Commodity Exchange Of Ind closed today at ₹1761.15, up 2.42% from yesterday’s ₹1719.5

Multi Commodity Exchange Of Ind closed today at ₹1761.15, up 2.42% from yesterday’s ₹1719.5

by MtR
September 21, 2023
0

The Multi Commodity Exchange of India (MCX) stock price is currently at ₹1759.45. There has been a percent change of...

Load More
  • Trending
  • Comments
  • Latest
Bank of England tells ministers to intervene on digital currency ‘programming’

Bank of England tells ministers to intervene on digital currency ‘programming’

June 21, 2021
Tips for checking smoke alarms during daylight saving time

Tips for checking smoke alarms during daylight saving time

March 12, 2022
GLOBAL MARKETS-U.S. stocks follow Europe up; Treasury yields rise, dollar firm

GLOBAL MARKETS-U.S. stocks follow Europe up; Treasury yields rise, dollar firm

July 9, 2021
What will Durham County education bonds pay for? A full list

What will Durham County education bonds pay for? A full list

July 8, 2022
African currencies week ahead: Zambia's kwacha seen on back foot, Kenyan shilling up – Business Recorder

African currencies week ahead: Zambia's kwacha seen on back foot, Kenyan shilling up – Business Recorder

0
Maxum Foods releases Global Dairy Commodity Update for June

Maxum Foods releases Global Dairy Commodity Update for June

0
Letter: Perpetual bonds can help states fight hunger

Letter: Perpetual bonds can help states fight hunger

0
United Kingdom ETFs Are Riding the Re-Opening Momentum

United Kingdom ETFs Are Riding the Re-Opening Momentum

0
Impact of Canada’s wildfires: Home insurance hikes a given

Impact of Canada’s wildfires: Home insurance hikes a given

September 22, 2023
Stocks to Watch Friday: Alibaba, Activision, Microsoft – The Wall Street Journal

Stocks to Watch Friday: Alibaba, Activision, Microsoft – The Wall Street Journal

September 22, 2023
Japanese Short-Term Bonds Gain Popularity Amid Uncertainty Over Long-Term Rates By Investing.com

Japanese Short-Term Bonds Gain Popularity Amid Uncertainty Over Long-Term Rates By Investing.com

September 22, 2023
European Telecom Industry Gets Mixed Signals From Investors — Talking Markets

European Telecom Industry Gets Mixed Signals From Investors — Talking Markets

September 22, 2023

Recent News

Impact of Canada’s wildfires: Home insurance hikes a given

Impact of Canada’s wildfires: Home insurance hikes a given

September 22, 2023
Stocks to Watch Friday: Alibaba, Activision, Microsoft – The Wall Street Journal

Stocks to Watch Friday: Alibaba, Activision, Microsoft – The Wall Street Journal

September 22, 2023
Japanese Short-Term Bonds Gain Popularity Amid Uncertainty Over Long-Term Rates By Investing.com

Japanese Short-Term Bonds Gain Popularity Amid Uncertainty Over Long-Term Rates By Investing.com

September 22, 2023

Categories

  • Asia
  • Bonds
  • Canada
  • Commodities
  • Cryptocurrencies
  • Currencies
  • Emerging Markets
  • ETFs
  • Europe & Middle East
  • IPOs
  • Latin America
  • Mutual Funds
  • Personal Finance
  • Real Estate
  • Retirement
  • Spending & Saving
  • Stocks
  • U.S. Markets
  • Privacy & Policy
  • About Us
  • Contact Us
  • Advertise with us

© 2021 Copyright Market-Reporter

No Result
View All Result
  • Home
  • Markets
    • U.S. Markets
    • Canada
    • Europe & Middle East
    • Emerging Markets
    • Asia
    • Latin America
  • Investing
    • Stocks
    • IPOs
    • Mutual Funds
    • ETFs
    • Bonds
    • Commodities
    • Currencies
    • Cryptocurrencies
  • Economy & Politics
    • Personal Finance
    • Spending & Saving
    • Retirement
    • Real Estate

© 2021 Copyright Market-Reporter