Colorado Springs City Council approves gas rate decrease
Colorado Springs Utilities customers will pay lower rates for natural gas beginning Jan. 15, after the City Council approved a rate decrease Tuesday.
The council voted unanimously to approve the third gas rate decrease in a year, thanks to lower-than-expected costs for natural gas driven by increased supply and lower demand.
The average residential bill is expected to decline from $253.91 per month to $247.49, or by 2.5%, Colorado Springs Utilities Pricing and Rates Manager Scott Shirola said.
In January 2023, customers paid about $277 a month for gas, electricity, water and wastewater services provided by the city-owned utility.
The new gas rate will help offset electric and gas base rate increases that went into effect Jan. 1 and raised the average residential bill by around $8 a month.
More details on the natural gas rate decrease can be found here.
Colorado Springs Utilities customers will pay less for natural gas beginning Jan. 15, 2024, after the City Council approved a rate decrease on Tuesday, Jan. 9.