Colorado Springs city council approves rate increase for natural gas and decrease for electric

Colorado Springs city council approved a rate increase for natural gas and a rate decrease for electric as winter approaches.
Published: Sep. 26, 2022 at 7:11 PM MDT|Updated: Sep. 27, 2022 at 5:38 PM MDT
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COLORADO SPRINGS, Colo. (KKTV) - Colorado Springs City Council unanimously approved an increase to natural gas rates and a decrease to electric rates on Tuesday.

Colorado Springs Utilities proposed the rate change at a city council work session Monday. The total impact of both on an average winter bill (December - February) would be an increase of about $5/month when compared to the same months in 2021. However, individual bill impacts vary depending on weather, household use and efficiency factors.

The new rates are effective starting Oct. 1.

According to Colorado Springs Utilities, current natural gas prices have seen the largest rise in gas since 2000, including a 150% increase since December 2021.

Several programs are in place to help customers, including:

- Customer assistance programs

- Flexible Payment Plans (one-time extensions and installment plans).

- Efficiency tips and rebates.

KKTV will be at the 10 a.m. City Council meeting on Tuesday. We will update this article as we learn more.