Posted: Mar 8, 2011 4:44 PM by Jeannette Hynes
Updated: Mar 9, 2011 2:05 AM
Colorado Springs Utilities customers will see their bills go up, on average, about seven dollars a month. City Council approved the cost adjustments Tuesday afternoon. The increases affect electricity and natural gas.
On average, a person's monthly electric bill will go up $1.50. The natural gas bill will go up $5.69 a month, until temperatures increase in the coming months and people use less natural gas to heat their homes.
Supply and demand play a big role in the cost of utilities, along with world events and temperatures.
It may feel like your utilities bill is constantly going up, but those rates fluctuate throughout the year and recently, those adjustments have decreased.
"In 2010, we decreased the gas cost adjustment four times. The last changes to the elecric cost adjustment was in January of 2009 and that was a decrease as well," reminds Dave Grossman, Colorado Springs Utilities spokesperson.
The new electricity rate will start in mid-March. The natural gas rates go into effect April 1.