NewInsight: Investor-owned utilities charge 23% more for power

Electricity prices in Colorado

What homes in Colorado pay for electricity, from EIA.

Headlines

Average price
16.6¢ a kWh
Up 7.9% on a year ago
Average bill
$113 a month
Up 9.9% on a year ago
Average use
679 kWh
A month. US 875 kWh
Price rank
22 of 51
1 is the most expensive

Over the 12 months to August 2026, Colorado homes paid 16.6¢ a kWh, against a US average of 18.0¢.

Colorado vs the US

ColoradoUS
Average price, 12 months to August 202616.6¢18.0¢
Price in August 202617.2¢18.2¢
Average monthly bill, 12 months$113$158
Bill in August 2026$167$209
Average monthly use679 kWh875 kWh
Price change, past year+7.9%+6.5%
Price change since 2019+36%+39%

Electricity price

Average residential price a kilowatt-hour, by month.

Up to and including August 2026

Average monthly bill

What an average home pays a month. Bills peak in summer and winter.

Up to and including August 2026

Natural gas price

Average residential price a thousand cubic feet, by month. Summer prices are high because fixed charges are spread over little gas.

Up to and including August 2026

Utilities in Colorado

Past 12 months, utilities with 10,000 homes or more. These utilities serve 83% of homes in Colorado; smaller utilities serve the rest.

Xcel Energy (Public Service Company of Colorado)Investor-owned16.8¢+8.0%$1001,388,731
City of Colorado SpringsMunicipal15.9¢+4.4%$97222,790
CORE Electric CooperativeCooperative17.1¢+11%$145170,150
United PowerCooperative17.9¢+9.7%$145106,701
Black Hills Colorado ElectricInvestor-owned19.2¢+5.9%$10790,165
City of Fort CollinsMunicipal14.9¢+8.2%$9172,706
Poudre Valley REACooperative12.8¢+3.1%$11351,521

Open rate cases in Colorado

Increases a utility has asked for, as filed. The regulator usually approves less.

UtilityFiledAsked forDecision due
Black Hills Energyelectricity, 26AL-0232E12 Jun 2026$27 millionMid-March 2027
Xcel Energygas, 25AL-0538G29 Dec 202511.4%Q3 2026
Xcel Energyelectricity, 25AL-0494E21 Nov 2025$356 million, 9.9%Q3 2026

Rate cases decided in Colorado, past two years

Approved is the first year's increase, where the regulator states it.

UtilityDecidedAsked forApproved
Black Hillselectricity, 24AL-0275E12 Mar 2025$37 million$17 million

Heating fuels in Colorado: propane.