Springs Utilities to propose energy-wise rate changes [Video]

(COLORADO SPRINGS) — At a Utilities Board meeting on Wednesday, Aug. 21, Colorado Springs Utilities (Springs Utilities) will propose its 2025 budget and rate changes, to include a new rate based on time-of-day usage.

According to Springs Utilities, as a community-owned utility, Springs Utilities does not profit from customer rates, and instead the rate increases go to support the facilities and infrastructure that make reliable service possible.

Springs Utilities is proposing base rate increases of 6.5% for electric and water, 4% for natural gas and 9% for wastewater for each year from 2025 to 2029. A new Energy-wise, or time-of-day, rate, will also be proposed. With Energy-wise rates, customers pay different rates for electricity based on the time of day it is used.

The total of all proposed base rate increases is estimated to be about $14/month on the sample residential four-service bill in 2025. 

If approved, this rate would …