Wholesale prices for natural gas are on the rise this week and customers are the ones who will feel it in their wallet.

Xcel Energy said the higher prices are because the deep freeze across the country impacts production and also the demand for natural gas.

“With the increased cost of natural gas, customers may want to consider conserving natural gas for the next few days, because the wholesale cost is passed on directly to customers,” Xcel said in a news release.

Xcel said the price increase will be “significantly smaller” than what customers saw three years ago during Winter Storm Uri.

Most important: Lower your thermostat

“The biggest step customers can take to conserve is by lowering their thermostats a few degrees if they have a natural gas furnace,” Xcel said.

The energy company said it is best during the winter to set the thermostat between 65-70 degrees when you’re home and 58 degrees when you’re away. The company also recommends using a programmable thermostat that can automatically adjust the temperature based on a schedule.

Other energy-saving tips from Xcel Energy include:

Maximize the sunlight

Let sunlight in during the day but close your blinds at night to insulate against cold air.

Close exterior doors

It seems like a no-brainer, but doors that are left cracked open or not fully latched can be a major source of heat loss.

Ceiling fans can help

Run ceiling fans clockwise during the winter to push warm air down into your living space.

Don’t open the oven while cooking

Opening the oven door can cause the temperature to drop, so use the oven light to check on food and a timer to know when it’s done.

Lower your water heater temperature

Xcel says 120 degrees is the proper temperature for a water heater, but customers can save 3-5% on their water heating costs by dropping that temperature 10 degrees. Insulating your water heater can also increase efficiency.

Swap out your air filter

Always make sure your furnace air filter is clean. Change it monthly during the winter because dirt can reduce airflow. This could save you 5-15% on your heating costs, Xcel said.

Don’t let heat escape

Evaluate your home for leaks around ducts, windows, doors and fireplaces. Pick up a window sealing kit at a home improvement store, if needed.

Improve insulation

Better insulation in your walls, floors, crawl spaces and heating ducts is “one of the fastest and most cost-effective ways to reduce energy costs,” Xcel said. It can save you up to 10% on your bill.

For more tips on how to stay warm and safe during extreme Colorado cold weather, click here.