Electric bills will soon increase

Angelina Perez
NewsChannel 10

Amarillo, TX - Your electric bill could start to increase beginning this month, and will continue to grow next year.

Xcel energy will raise its Texas retail revenues by 3.3%.

Residential bills will increase by about $7 this month, then will increase again in 2012 by about 2.7% which will add another $2.50 to your monthly bill.

Xcel says even with these increases they will be one of the lowest electric providers in Texas.

The increased rates will help cover the cost of investments in  our region's growing power grid.