Xcel Energy plans to expand wind offerings

Friday, October 14, 2011 @ 10:10 AM
posted by rene5432

Xcel Energy, a Minnesota-based utility company, announced plans to expand its role as a renewable electricity provider in Colorado, according to the Denver Business Journal.

The company has been running a voluntary wind power program known as Windsource that offers renewable electricity at a higher price. With the growth of wind power in region, Xcel has filed plans to lower electricity rates by 50 percent and add another 629 megawatt-hours of total energy, nearly quadrupling the size of the program.

Under the new policy, the average Colorado household would be able to use entirely renewable electricity for around an additional $7 each month.

Though Windsource is currently targeted toward residential and smaller business customers, Xcel plans to add a new, larger business electricity option that would require customers to purchase at least 120,000 kilowatt-hours over the course of five years.

If approved by the Colorado Public Utilities Commission, the new policies would come into effect at the start of 2012.

Xcel reports that it first raised the possibility of expanding the Windsource program in mid-August. At present the wind energy comes from Xcel's own wind farm, but the expansion would require purchasing power from NextEra Energy Resources.

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