Colorado Springs City Council implements energy wise rates for electric customers

El Paso County residents will soon experience a shift in their electric billing structure, thanks to the city council's recent approval of a new standard known as "energy wise rates." This initiative, approved in November 2024, aims to align electricity costs with the actual price of energy at different times of the day, reflecting the growing reliance on renewable energy sources.

The energy wise rates system is designed to benefit residents by allowing those who can adjust their energy usage to take advantage of lower rates during off-peak hours. For example, households that can shift activities like laundry or electric vehicle charging to times when energy is cheaper will see savings on their bills. This approach mirrors the existing tiered water pricing system already in place for Colorado Springs Utilities customers.

However, the program also recognizes that not all residents have the flexibility to change their energy consumption patterns. Small businesses, such as restaurants, often require consistent energy use to operate effectively. To accommodate these needs, the new rate structure will offer flat-rate options for those who cannot adjust their usage.

The implementation of energy wise rates is part of a broader effort to provide transparency in energy pricing and encourage more efficient energy consumption among residents. By reflecting the true cost of energy based on demand and supply fluctuations, the initiative aims to foster a more sustainable energy future for El Paso County.

As the community prepares for this transition, residents are encouraged to evaluate their energy habits and consider how they might benefit from the new pricing structure. The city council's decision marks a significant step towards modernizing the energy landscape in El Paso County, with the potential for long-term savings and environmental benefits.