Xcel Energy this afternoon announced that it has given formal notice to the Public Utility Commission of Texas that it is canceling a fuel-cost surcharge. The requirement for Texas electric customers is being canceled six months ahead of schedule.
The move will save Xcel’s average residential customer $5 off of their monthly bill, starting May 1. The one-year surcharge was implemented in November 2011. Market conditions have improved allowing Xcel to cancel the surcharge.
Is a policy analyst for TCAP, a coalition of cities and other political subdivisions that purchase electricity in the deregulated market for their own governmental use. Because high energy costs can impact municipal budgets and the ability to fund essential services, TCAP, as part of its mission, actively promotes affordable energy policies. High energy prices also place a burden on local businesses and home consumers.