Xcel Energy, Minnesota Power, and Natural Gas Rates Increasing

Winter in the Midwest generally comes with a rise in utility bills, but this coming year is shaping up to put a much bigger dent in your pocketbook than past seasons.

As part of its transition towards more renewable options, Xcel Energy announced plans to raise electricity prices over the next three years. According to reports from Minnesota Public Radio, this price hike, which is expected to begin on January 1, 2022, is estimated to add about $18 to $20 more per month to your electricity bill.

Xcel’s gas prices are facing an even steeper hike, as KARE 11 reports that Xcel customer’s natural gas bills are expected to “skyrocket,” with an average increase of 49% for most Midwesteners.

Xcel Energy customers aren’t the only ones facing increases.Duluth’s Minnesota Power is raising rates by nearly 18% and CenterPoint Energy is also asking state regulators at the Public Utilities Commission (PUC) to increase natural gas rates by 6.05%. With inflation continuing to rise, energy rates are extremely vulnerable.

Solar Panels Can Help You Save Money

This is where Cedar Creek Energy can come to your rescue. Cedar Creek Energy’s solar options offer guaranteed relief from your daunting energy bill. In certain areas of Minneapolis, the estimated savings per year is $6,000, which gives you back nearly $500 per month! You can also receive a federal Solar Investment Tax Credit when you install solar panels before 2023.

Not only will you save money, but you will also significantly reduce your carbon footprint. Solar panels and other renewable energy sources are part of a proven and consistent movement towards greener and more cost-effective energy sources. This is your opportunity to make the change, convert to greener energy, and start saving money.

Cedar Creek Energy is your local, environmentally-conscious energy expert committed to putting you and your energy needs first. Connect with us today.

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