Cold weather is here in Colorado. Like everybody else, my gas and energy bill is a lot more expensive. My gas and energy bills have actually doubled in the past three months.

That is not a huge surprise. It happens every year.

As we trek into 2024 our utilities may look different no matter what time of year it is. Here is why.

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Clean Energy Plan Leads to More Expenses

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According to the Colorado Sun, Xcel Energy is pitching a new clean energy plan. This is great for the environment, but it comes with a cost. Xcel has roughly 1.5 million natural gas customers across the state of Colorado. If this passes, you should anticipate to have a higher bill every month.

The clean energy plan will cost $15 billion. The Colorado Sun says that Xcel pitched a similar plan in 2021, but there was a major difference. The plan in 2021 was half the cost of the new one.

A decision will be made by the end of the year whether or not this plan will move forward.

Your Bill Has Already Been Rising

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Back in September, Xcel raised its rates by 4.4%. Back in 2022, the rates went up as well.

We are continuing to see the prices rise: when will it stop?

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We predict that the prices will not plateau or go down anytime soon. As I mentioned earlier, this energy bill will cost $15 billion. That money has to come from somewhere.

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