Electric Rates to Go Down for CSUtils Customers

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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.