COLORADO SPRINGS, Colo. (KRDO) -- Colorado Springs Utilities just announced this week that it'll be joining Southwest Power Pool's western market by next April, meaning they'll be able to buy and sell renewable energy from other sites to save money.
Why is it a big deal? Ultimately, it will mean lower rates for customers without sacrificing reliability, according to CSU Chief Operating Officer Travas Deal.
It also helps CSU come closer to reaching some of its environmental goals passed in June 2020, which call for an 80% reduction in carbon emissions by 2030 and a 90% reduction by 2050. This new partnership allows for an increase in renewable energy usage which works toward those clean energy goals.