The cost of electricity has risen on average 5 to 7% annually over the last twelve years and will continue to do so. As a matter of fact, Xcel Energy recently has asked the Colorado Public Utilities Commission to approve a net revenue increase of $343 million which is a whopping 12.83% increase for residential customers starting in 2022. Utilities from all over our nation are seeking permission to pass on hundreds of millions of dollars in new charges to customers to help upgrade aging infrastructure and build new power plants that comply with tougher environmental regulations.
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