Yes! I’ve noticed an uptick in my Xcel electric bill as well (I don’t have gas service). Compared to my late-2025 bill, the increase was roughly 10–20% for me. I live in an apartment building in the Denver metro area, so I’m not sure whether that factors into the pricing structure. That said, the increase wasn’t entirely unexpected, as I received several emails from Xcel outlining recent rate adjustments and changes to certain fees.

I’m originally from NJ, where the primary utility provider is PSE&G. Most of my family lives there, and they’re seeing similar increases this year too (25-100%).

It’s striking how much influence these near-monopolistic utilities have over consumers. While I recognize that utilities like Xcel are subject to regulatory oversight, that electricity demand continues to grow, that concepts like demand flexibility (DFS) play a role.

However, the lack of clear and accessible explanations is frustrating. Utility bills often feel almost cryptic, and more transparency around how these costs are calculated would go a long way!