Your Xcel Energy Bill is Going UP and MEO Talked About it on WCCO

When you went to pay your power bill you might have noticed that Xcel Energy customers in Minneapolis are now paying 9 percent more for electricity as of January 1, 2013.

According to a press release from Xcel Energy in November of 2012 and a December 2012 Star Tribune Article, starting January 1, 2013 a typical residential customer will pay about $8 more per month due to the Xcel’s rate increase.

In the December 13, 2012 Star Tribune Article, “Xcel says the increase is needed to recoup investments in its two nuclear power plants, counter a drop in electric sales and pay for other power plant and transmission upgrades as well as higher property taxes.”

Minneapolis Energy Options (MEO) sat down with WCCO today to discuss the Xcel rate case and why Minneapolis residents shouldn’t be paying more to use less energy. Xcel stated that it needed to recoup the profits to counter a drop in electric sales due to consumers using less. MEO thinks residents should get rewarded for using less energy not have to pay more.

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