COLORADO SPRINGS, Colo. (KKTV) – On Wednesday, the Colorado Springs Utilities board approved an fuel rate decrease that is expected to lower residents’ utility bills.
According to Colorado Springs Utilities (CSU), the decrease is in electric and natural gas fuel rates, which they estimate would lower the average residential customer’s monthly bill by $9.72. Officials say the reduction in large part is due to lower demand for natural gas after a warm winter in Colorado.
“The lower cost really comes into the form of a lower rate on their electric and gas portions of their bill…And so it really would be in that 2021-2022 timeframe where we saw decreases of this magnitude,” said Scott Shirola, CSU pricing and rates manager…