Xcel Spokesperson: Energy prices to rise 23% this winter
An official said the price increase is on top of the surge that customers saw last year.
LA CROSSE (WKBT) — Xcel Energy has about 225,000 customers in the state of Wisconsin.
The company projects that from November 2022 to March 2023, the energy bill of its average customer will surge 23 percent, which amounts to about $200 more than last year.
Xcel Energy Spokesperson Chris Ouellette said Xcel is not profiting from the price increase. She said the added costs are because the price of natural gas has reached a 15-year high nationwide.
“Less than 1 percent of that increase is due to costs from Xcel energy,” she said. “I think it’s important for customers to know we do not profit from the increase.”
On Monday, Ouellette said there are ways to prepare for the higher costs expected this winter.
She recommends getting furnaces inspected and having them cleaned from now, prior to the winter months.
She added that customers should contact Xcel Energy and ask about payment plans or energy assistance programs if they have concerns about paying their bills.
Customers with concerns over their bill can contact Xcel at 1-800-895-4999.
Vincent Grant moved into a new apartment in La Crosse about two weeks ago after being homeless for about a year.
He said he’s concerned about paying higher heating costs after recently getting off the street.
“It’s ridiculous, it’s too high, how are we supposed to live,” he said.
According to the consumer price index, energy prices nationwide have surged nearly 24 percent since August 2021.
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