Xcel Summer Power Demands

Xcel Energy says it’ll be ready to meet summer demands for energy and, Texas customers will see a decrease of almost 10% from summer 2023 energy bills.

Company officials say they monitor weather forecasts, electricity supply projections, and other factors to ensure reliability and minimize the risk of disruption for their customers during periods of peak demand.

They also say as part of the Southwest Power Pool, which oversees the reliability of a transmission network covering around 14 states, and operates a wholesale power market, Xcel Energy will be required to have enough power to meet expected energy demand in the summer of 2024, as well as a reserve margin of more than 15%.

Xcel officials noted that while high electricity demand in the summer tends to mean higher bills, energy is expected to be less expensive in 2024 due to lower prices for the natural gas that fuels around 30% of the region’s power-generating capacity.

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