Xcel’s rates have risen but are still below state’s average | amarillo.com

Higher bills from Xcel Energy, which has a monopoly on Texas Panhandle homes and powers most area businesses, are a result of costly technological upgrades, spokesman Wes Reeves said.

The average residential bill has increased 19.8 percent per kilowatt-hour since 2006.

Fluctuations in fuel pricing, particularly natural gas, typically impact deregulated energy providers more heavily than single-provider zones.

ERCOT providers often enter contracts to use a certain amount of a particular fuel, while single-provider enterprises like Xcel own multiple fuel sources and can adjust usage to respond to pricing changes.

“No one can predict the future exactly, but we can predict some stability in our energy costs through some of the things we’re doing,” Reeves said.

“I don’t believe we’re as exposed to that as they would be.”

Despite deregulated rates creeping downward and regulated markets shooting up, TCAP analyst and report author R.A. Dyer said a point of intersection was no sure bet.

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Xcel’s rates have risen but are still below state’s average | amarillo.com.