DENVER (KDVR) — Xcel Energy has submitted a proposed Wildfire Mitigation Plan for the next three years, and if it's approved as is, the plan would increase residential bills by about 9.56% by 2028 and allow the company to shut off power if it believes its equipment could spark a wildfire. The Colorado Public Utilities Commission will review the plan, and members of the public will be able to weigh in during the approval process. A typical residential bill would increase by about $8.88 per month by Jan. 1, 2028 "through incremental, bi-annual changes," said Xcel. How to lower your Xcel Energy bill during severe heat According to the provided budget for the plan submitted to
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