Colorado Springs Utilities introduces time-based energy rates
EDITORS' NOTE: A previous version of this article did not clarify that the change would only affect new and transferring users starting Oct. 1. Existing customers will be added to the plan in early 2026. This plan is one of three rate options available.
COLORADO SPRINGS, Colo. (KRDO) -- Starting Oct. 1, Colorado Springs Utilities' (CSU) energy-wise rates will begin to charge new and transferring users not only for the amount of electricity they use, but also for when they use it.
Starting in early 2026, CSU states that this change will take effect for existing customers. CSU says that existing customers will recieve a letter in the mail 30 days before the implementation of the new program.
This change is part of CSU's push to manage demand on the grid, which could impact your bill, depending on when you flip the switch.
From 5 to 9 p.m. on weekdays, the CSU reports that there will be an increase in the cost of electricity, as these hours correspond to the "on-peak" period.
On-Peak hours according to CSU are:
- Weekdays from 5 p.m. to 9 p.m.
- Does not include weekends or holidays.
Off-Peak hours according to CSU are:
- Weekdays before 5 p.m. and after 9 p.m.
- Includes weekends and holidays
Outside that four-hour window, CSU says electricity will be cheaper on mornings, late nights, weekends and holidays.
Officials from CSU say about half of households could see lower bills. The other half may pay more if they continue to run major appliances during peak times.
"You can actually go out and use a calculator and see how much it would cost you one hour in the on-peak and off-peak period on different devices that you have in your house, and really kinda get a sense before these rates roll out of what it may look like at your house to be running those different appliances," says Tristan Gearhart from CSU.
The other significant change is based on the season. CSU states that with this plan, the user will experience lower electric rates for 66% of the year.
Summer Rates:
- June - September
- On-peak and off-peak rates will be higher because demand is higher.
Winter Rates:
- October - May
- On-peak and off-peak rates will be lower because demand is lower.
This plan will be an option as the company will continue to provide customers with three different rate options. Colorado Springs Utilities says customers will get at least 30 days’ notice before any changes, and you will have the option to opt out if you want.
"We use the dishwasher and the washing machine usually at night so it’s not like everybody else is using it cause we live in an apartment building. We think everybody should have a choice what they wanna pay for, its better that electric companies change their prices based on when people are using them most." said Crystal Goodfliesh a resident of Colorado Springs.
For more information on this new plan, click here.
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