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 consultant for TCAP, a coalition of political subdivisions in Texas that purchase electricity in the deregulated market for their own governmental use. Because energy costs are typically a significant budget item to our members, TCAP is consistently looking for ways to save our members money, through cost-saving contracts, energy efficiency or demand response programs.