DENVER — Xcel Energy wants to raise electricity rates in Colorado by 9.9% for residential customers in August 2026.

Robert Kenney, President of Xcel Energy Colorado told Denver7 Friday that the increase is to recover investments in safety and reliability like transmission, distribution and generating facilities the company has made over the past 3 years.

The average residential customer would see their bill increase $9 per month if their bill is around $100. The average large commercial customer will see a $7 increase per month.

Xcel's Colorado president explains proposed rate hike in 2026

Xcel said electricity rates in Colorado have remained 10% below the national average for the last 10 years.

“We recognize that for some of our customers, any increase can be challenging and difficul

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