If you are one of our industrial customers, our fixed price option, which locks in electric and natural gas rates, may be a benefit to your organization.
The program is available at a premium to your current Colorado Springs Utilities’ rate; however, your company is protected from fuel cost increases that may occur during the contract year.
Customers in the following rate classes are eligible.
- Electric Industrial Service Time-of-Day, 500 kW Minimum.
- Electric Industrial Service Time-of-Day, 4,000 kW Minimum
- Natural Gas Commercial Service: Firm (with annual usage of 46,000 Ccf or more)
- Natural Gas Industrial Service: Interruptible Sales
Frequently-asked questions
Are fixed price options lower than the rate I am currently charged?
Fixed Price Options are not expected to be lower than the rates you are currently charged. This is due to Springs Utilities assuming the market risk for potential rising energy prices for the term of the contract.
As a related example, when you compare home mortgage rates, the fixed interest rate is always higher than the variable interest rate that can fluctuate with the market.
Why should I consider a program that will immediately increase energy costs for my company?
Once in place, Fixed Price Options provides insurance against future fuel price increases over the term of the contract. If fuel costs rise to a certain level during the next 12 months, Fixed Price Options could provide an overall cost savings to your company by the end of the contract.
Contact us
We want to provide you with choices that are best suited for your business. If you have questions about the fixed price option, call your account manager or our Business Services Group at 448-4800.
