Electric Rates to Go Down for CSUtils Customers

July 8, 2014

Electric rates for Colorado Springs Utilities customers are going down starting this Friday. KRCC’s Dana Cronin reports. 

City Council approved a proposal from Colorado Springs Utilities to reduce electric rates as operations improve at the downtown Drake Power plant after May’s fire.

Typical residential customers will see a $1.68, or 2.2% decrease in their monthly bills, while typical commercial customers will see a 3% decrease. 

Rates went up in early June when Utilities had to begin purchasing power from other entities to supply enough energy in town.

Future reductions are expected this fall. 

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