Why Does Xcel Energy Keep Raising Rates? How Utility Profits Actually Work
If you’ve ever opened your Xcel bill, stared at the total, and wondered, What exactly am I paying for ? Fair question. Before we jump in, here are three things you need to know:
You may currently think of Xcel as your energy company. After this article, you may think of it more like a developer.
Selling you electricity and gas is not the main driver of Xcel’s profits. Building energy infrastructure is.
Xcel’s forecasts for Colorado’s future energy needs keep pointing toward the same answer: building more – mostly to power data centers.
See the conflict of interest forming? Let’s get into why it exists and how it’s contributing to you paying more while using less energy.