Citywide electric rate increase to take effect Aug. 1
Colorado Springs City Council voted May 11 for an electric rate increase that will become effective Aug. 1
The hike, requested by Colorado Springs Utilities to cover a reported $2-million-per-month revenue shortfall, will increase the “typical residential utility bill” by $3.20 a month, according to a Utilities spokesperson. Commercial users will see a 3 to 7 percent increase, depending on their energy use. However, city rates still remain among the lowest in the nation, according to Utilities. A public hearing on the increase had been held April 27.